Tax Less LLC

04/13/2026

🚨 TAX DEADLINE IS THIS WEDNESDAY (APRIL 15TH) 🚨

Before you panic… read this 👇🏽

👉 If you’re getting a REFUND:
You’re GOOD 😅

❌ No penalties
❌ No late fees
⏳ The IRS will still accept your return well after April 15th

💡 In fact, you actually have up to 3 years to file and claim your refund

(But why leave your money sitting with the IRS? 👀)

👉 If you OWE the IRS:
That’s where it gets serious ⚠️

Penalties + interest start immediately after April 15th
The longer you wait, the more you pay

👉 Need more time? FILE AN EXTENSION

Gives you until October to file ✅
Helps you avoid the late filing penalty

🚫 BUT… if you owe, you still need to pay or estimate something now

💡 Bottom line:

Refund? You’re safe—but don’t wait on your money
Owe? File or extend ASAP to protect yourself

⏳ We’re in the final stretch—don’t wait until it’s too late

📲 Get started now:
👉

https://www.taxlesstoday.com/book-online

02/23/2026

🚨 NEW $1,000 “Trump Account” for Children Born 2025–2028

The IRS has released guidance on a new retirement account designed specifically for eligible children.

Here’s what parents need to know:

✅ Eligible children must be U.S. citizens
✅ Born between January 1, 2025 and December 31, 2028
✅ A parent or guardian must make an election

💰 The federal government will make a one-time $1,000 pilot contribution to the child’s account.

Important details:

• This is NOT a stimulus check
• It is a tax-advantaged IRA for minors
• Funds must be invested in S&P 500 or U.S. equity index funds
• No withdrawals before the year the child turns 18
• Contributions cannot begin before July 4, 2026
• Form 4547 will be required to enroll

Families may also contribute up to $5,000 per year, and employers can contribute up to $2,500 per year (subject to limits).

And let me say this — if you don’t already have an IRA set up for your older kids, don’t let the babies miss out. This is a great way to get started. No, $1,000 isn’t a million dollars… but it’s something. And something invested early is always better than nothing sitting on the sidelines.

Used correctly, this could be a powerful long-term wealth building tool.

If you have a child born in that window and want to understand how this fits into your tax or financial plan, reach out. I’ll keep everyone updated as final regulations are released.

01/23/2026

Insurance agents—quick FYI 🧾💼

A 1099-NEC just reports gross commissions.
🚫 No taxes withheld
🚫 No deductions included

The IRS only sees top-line income—not leads, mileage, licensing, E&O, or home office expenses.

This is why tax strategy matters 👀
Don’t wait until April.

👉 www.taxlesstoday.com

Form 1099-NEC is a tax form for reporting nonemployee compensation that payERS need to complete by Jan. 31—and that payEES will receive if they earned $600 or more in NonEmployee Compensation in one year.

If you’re an independent contractor, freelancer, sole proprietor or other type of self-employed individual, you may get one (or many) 1099-NEC forms, depending on how many clients you had in 2025 meeting the $600 minimum requirement.

Confused yet? 🤔

This is why it pays for the self-employed to seek professional tax advice, especially in the first few years after opening a new business.

Whether you’re paying others or being paid—quite likely it will be both—you need to make sure you’re following the rules, because mistakes can be costly.

Tax Less LLC

01/16/2025

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