Burr Business Service

Burr Business Service Personal and business taxes, payroll and consultation. IRS representation.

06/11/2026

Key takeaways
Trump Accounts are scheduled to launch on July 4, 2026, giving families a new tax-deferred way to save for children.

Eligible children born between 2025 and 2028 may receive an automatic $1,000 federal seed contribution.

A Trump Account must first be opened through the Treasury Department before it can be transferred to an approved IRA administrator.

Parents, grandparents, employers, government entities, nonprofits, and others may be able to contribute, subject to applicable limits and rules.

Funds generally can’t be accessed until the year the child turns 18, when the account essentially transitions into a traditional IRA.

06/11/2026

HSA contributions limits for 2027, taxpayers covered by a qualifying high-deductible health plan(hdhp), contributions limits 2027 Self only 4500 and family 900 the additional 1000 catch up for age 55 and older remains.

Stay Tuned.

06/11/2026

We are back up and running email working and all systems go.

Thanks for hanging in there with us...

Stay Tuned.

06/10/2026

Good morning we are still having some issues with the email... Please be patient with us. Call or text 402 477-3822

Stay Tuned

06/09/2026

Good morning we are having email issues, please text or call us we are unsure when this will get fixed. Sorry for the inconvenience. Please call or text 402 477-3822

Stay tuned

05/29/2026

FYI The Treasury Dept introduced a mobile app Thursday enabling families to access Trump accounts... The new tax deferred accounts for children born between Jan, 1 2025 and Dec 31, 2028....

Stay tuned

05/26/2026

Ok, A big one...US Court of Federal Claims ruled Kwong vs US that the entire covid-19 period plus 60 days any underpayment interest and failure to file or failure to pay penalties can be refund... Refund opportunity for taxpayers fell within this period. This meas the 2019, 2020, 2021, 2022 tax filing for business and individuals should file a form 843 to claim refund and request for abatement... Of course the IRS is appealing this so it may be awhile but don't miss out on the opportunity. Filing a form 843 protective claim assures the outcome when all the sand settles.

Stay Tuned.

Barbara

04/30/2026

Hello all: It was a busy year... As some of you know Lisa the front desk is retiring. Yesterday was her last day with Burr Business Service, after 13 years of service..,We will miss her truly. She help me make this a great business over the years and was a dependable soul. Most of you have meet Carrie the new face at the front desk, she is there to help you just as we have always done.

Lisa stop by and visit us but have loads of fun.

All of the staff at Burr's
Just in case you got the reply email... Barbara is not retiring. Sorry for the confusion.

01/22/2026

Overview of the new deduction on Car Loan Interest

Effective 2025 through 2028, individuals may deduct interest paid on a loan used to purchase a qualified vehicle for personal use that meets other eligibility criteria. Lease payments do not qualify.
Maximum annual deduction is $10,000.
Phases out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers).
What counts as qualified interest

Interest must be paid on a loan that:

Originated after December 31, 2024
Was used to purchase a vehicle originally used by the taxpayer
Was secured by a lien on the vehicle
Was for a personal-use (nonbusiness) vehicle

01/22/2026

Overview of the deduction Overtime

Effective 2025 through 2028, individuals may deduct the portion of qualified overtime pay that exceeds their regular rate of pay (for example, the “half” portion of “time-and-a-half”).
Overtime must be reported on Form W-2, Form 1099, another statement furnished to the individual, or directly by the individual.
Maximum annual deduction is $12,500 ($25,000 for joint filers).
Phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).

Address

1655 S 25th Street
Lincoln, NE
68502

Opening Hours

Monday 8am - 4pm
Tuesday 8am - 4pm
Wednesday 8am - 4pm
Thursday 8am - 4pm

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