Krystal Carroll CPA

Krystal Carroll CPA From bookkeeping to taxes to full CFO services, Krystal Carroll, CPA is here to take care of you.

Make an appointment: https://calendly.com/krystalcarrollcpa/new-tax-client

The dreaded Notice LT11: This is your notice of intent to levy and your right to a hearing.Basically, the IRS hasn't rec...
06/20/2026

The dreaded Notice LT11: This is your notice of intent to levy and your right to a hearing.

Basically, the IRS hasn't received a response to previous notices regarding your balance(s) due, and they're running out of patience.

This notice is *serious* and requires a response. 📨

Otherwise, the IRS can pursue wage garnishments, levy your bank accounts, and seize certain assets.

If you've gotten to the point where you've received an LT11, it's time for professional help to ensure you're meeting all deadlines and advocating for your best interests.

Okay, getting into the IRS notices that *feel* a little scarier: it's CP2000.This letter lets you know that the IRS rece...
06/19/2026

Okay, getting into the IRS notices that *feel* a little scarier: it's CP2000.

This letter lets you know that the IRS received income or payment info from a third party that doesn't match what you reported.

Here's what you need to know about this notice ↓

The IRS is just letting you know that they noted some inconsistencies with your return.

It doesn't necessarily mean you got something wrong! That income could be reported elsewhere on your return.

You (and your tax accountant) should review the notice against your filed return and respond accordingly.

This isn't a letter to ignore; make sure to follow the instructions listed on your notice.

Our office will be closed Friday, June 19, in observance of Juneteenth.If you need assistance, please contact us through...
06/19/2026

Our office will be closed Friday, June 19, in observance of Juneteenth.

If you need assistance, please contact us through TaxDome and we will get back to you Monday morning.

We hope everyone has a safe and meaningful holiday weekend!

So... this one is a not-so-fun notice.It's basically the IRS telling you that they think you owe them money! 🫴If you wor...
06/18/2026

So... this one is a not-so-fun notice.

It's basically the IRS telling you that they think you owe them money! 🫴

If you worked with a tax accountant for the tax year in question, let them know you received this notice and would like additional support responding!

Over the next week, I'm going to be covering 5️⃣ of the most common IRS notices I see.If you want to know exactly what t...
06/17/2026

Over the next week, I'm going to be covering 5️⃣ of the most common IRS notices I see.

If you want to know exactly what these notices mean (and how you need to respond), lock in.

Let's kick off the series with CP12: the notice you get when the IRS has made a change to your tax return that affects your refund of tax due.

Just emerging from "survival mode" after tax season?Same.And if you let some things in your business slide to the back b...
06/16/2026

Just emerging from "survival mode" after tax season?

Same.

And if you let some things in your business slide to the back burner because of tax season stress, also same.

Let's get our businesses back on track together!

I've got 3 places to take a closer look at in your small business to make sure everything's running how it should! 👉

And if doing this made you realize you're behind on your bookkeeping (and you don't want to catch it up yourself), let's talk!

HOT TAKE: It should be illegal to have a tax due date fall on a Monday! 🙃If you clocked that quarterly taxes don't alway...
06/15/2026

HOT TAKE: It should be illegal to have a tax due date fall on a Monday! 🙃

If you clocked that quarterly taxes don't always follow a "quarterly" schedule, here's why ↓

Way back in the day, Tax Day used to be March 15th, so Congress counted three months out and set June 15th as the next estimated tax deadline. 📆

But when Tax Day got pushed back to April 15th (not complaining, btw), the June 15th deadline stayed the same.

Soooo, unfortunately, that's why your Q2 estimated taxes are due just two short months after you paid your April ones.

I don't make the rules; I just make sure you don't miss the deadlines! 🤷

In short, as a bookkeeper, I need to see how money comes in and goes out from your business. 🔄From an access perspective...
06/14/2026

In short, as a bookkeeper, I need to see how money comes in and goes out from your business. 🔄

From an access perspective, I usually ask for:

→ Read-only access to your bank statements and credit cards (or, you can upload these each month!).

→ Access to your payment processor(s) like Stripe, PayPal, Square, Shopify, or HoneyBook.

→ Any loan statements (to correctly split your payments between interest + principal, and tie out your loan balances).

→ Your payroll provider (ADP, Gusto, QuickBooks payroll, etc.)

→ Prior-year tax returns

If your business is a sole proprietor or you're taxed as a single-member LLC, how much you take in owner's draws doesn't...
06/13/2026

If your business is a sole proprietor or you're taxed as a single-member LLC, how much you take in owner's draws doesn't change your tax bill.

You're taxed on your profit... NOT the money you transferred to your personal account. 💸

Leaving money in your business bank account doesn't hide it from the IRS (but it can be a smart way to manage cash flow).

Now, if you're taxed as an S corp, how + how much you pay yourself can have a huuuge effect on your taxes!

Not sure what applies to your small business? Let's optimize your tax situation together! 🤗

If you're a small business owners, there's a 97% chance you followed this exact path when you started your business...An...
06/12/2026

If you're a small business owners, there's a 97% chance you followed this exact path when you started your business...

And approximately 97% ended up working with me instead! 😜

Address

1308 East Main
Madisonville, TX
77864

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 8am - 5pm
Friday 9am - 5pm

Telephone

+19363490237

Website

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