Darla Dike Tax & Bookkeeping Services

01/26/2026

HOPEFULLY - We can RESUME daily business on Wednesday!!

01/25/2026

Closing Tomorrow--the roads are just too bad!

01/16/2026

Get your taxes in early - we can begin processing NOW!!!

11/24/2025

Thanksgiving Hours!

09/11/2025

09/02/2025

Tax-savvy teachers, listen up! 🍎 The new **One Big Beautiful Bill Act (OBBBA)** is changing how educators save on taxes.

Here's a quick look at what's new:

**For 2025:** You can still deduct up to **$300** of classroom expenses "above the line," which lowers your overall taxable income.

**Starting in 2026:**
* The $300 deduction remains.
* You can now **itemize and deduct** expenses over $300!
* Coaches, sports administrators, and athletic supplies are now included.

Don't miss out on these valuable savings! Keep detailed receipts for all your school-related purchases.

Have questions about how these changes affect you? Call us at 903-628-4272 to get a head start on your tax planning!

Call now to connect with business.

12/06/2024

Court Bars FinCEN from Enforcing BOI Rules

A federal district court in Texas issued a preliminary injunction temporarily barring the federal government from enforcing the Corporate Transparency Act (CTA) and its beneficial ownership information reporting (BOI) requirements. The plaintiffs in the lawsuit claimed Congress exceeded its authority under the U.S. Constitution and the judge for the U.S. District Court for the Eastern District of Texas agreed. The judge enjoined the federal government from enforcing the provisions of the CTA after finding the plaintiffs were likely to succeed in trial based on the merits of their claims.

Under the court order, neither the CTA nor the implementing rules adopted by Treasury's Financial Crimes Enforcement Network (FinCEN) may be enforced and reporting companies are not required to comply with the Jan. 1 deadline for filing BOI reports.

Based on the decision, it appears that FinCEN can't penalize entities that do not file BOI reports.

07/01/2024

Yes it’s early for me! But we are off to a MUCH needed vacation!! It’s been one tough year for us- looking forward to a mind clearing, relaxing and renewing time. Office is still open and our staff are glad to help you this week!

05/10/2024

Expiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the U.S. Compare 2026 tax hike by congressional district.

05/02/2024

IRS Closes its Direct File Pilot Program

The IRS has closed its Direct File pilot program after more than 140,000 taxpayers in 12 states used the system to e-file returns. The IRS implemented the Direct File pilot to test the feasibility of a system that allows taxpayers to file their federal income tax returns directly with the agency for free but has not decided whether it will continue the program.

Since the pilot program began in March 2023, the IRS has collected and analyzed user data. The agency will continue its analysis and plans to issue a report on Direct File's scope, technology and taxpayer experience, customer support, state integration, costs and benefits. Over the next few weeks, the IRS will also meet with a variety of partners and stakeholders to learn more about how taxpayers interacted with the Direct File system.

By the final week of the filing season, Direct File was accepting more than 5,000 returns a day and taxpayers using the system claimed more than $90 million in refunds and reported balances due of $35 million. The states from which the most Direct File returns were accepted were California (33,328), Texas (29,099) and Florida (20,840).