WTC Tax & Accounting

WTC Tax & Accounting Military / MSRRA / Multi State Tax Return Specialist. MSRRA / Multi State Tax Return Specialist. Serving Richmond, the Shenandoah Valley and beyond!

Offering affordable tax preparation (personal and business), QuickBooks accounting and Florida notary services - nationwide. Offering affordable, remote tax preparation for military families, civilians and small businesses - nationwide.

💡 Don’t Overpay Taxes on Your Roth IRA Withdrawal — Track Your Basis!Many taxpayers assume their Roth IRA withdrawals ar...
04/11/2026

💡 Don’t Overpay Taxes on Your Roth IRA Withdrawal — Track Your Basis!

Many taxpayers assume their Roth IRA withdrawals are always tax-free… but that’s only true if you properly track your basis.

👉 What is Roth basis?
It’s the total of your after-tax contributions to your Roth IRA. Since you already paid taxes on that money, you shouldn’t be taxed on it again.

⚠️ Why this matters:
If you don’t keep accurate records:
You could overpay taxes on distributions
The IRS may treat part of your withdrawal as taxable earnings
You may struggle to prove what’s tax-free years down the road

đź“‚ Best practices:
âś” Keep copies of Form 5498 and contribution records
âś” Track conversions separately
âś” Maintain a simple running total each year
âś” Share records with your tax preparer annually

⏳ Remember: Roth IRAs are long-term tools — records from 10–30 years ago can still matter today.

As always, if you’re unsure about your Roth history or planning a withdrawal, reach out before filing — it can save you money.

đź“Ł Tax season reminder! One form that can make a big difference in your paycheck and your tax return is the W-4. This for...
01/18/2026

đź“Ł Tax season reminder! One form that can make a big difference in your paycheck and your tax return is the W-4. This form tells your employer how much federal tax to withhold, and getting it right helps avoid surprises later. đź’°

🔄 It’s especially important to review your W-4 if you’ve had changes this year—new job, marriage or divorce, additional income, or changes in dependents.

👨‍👩‍👧‍👦 Important dependent update: When a child turns 17, they no longer qualify for the Child Tax Credit. This change can affect your withholding, so your W-4 may need to be adjusted to avoid owing taxes at filing time.

👫 Married with two incomes? If you and your spouse both work, be sure to check the “Multiple Jobs/Spouse Works” box on your W-4. Missing this step is a very common reason couples end up under-withheld and owing at tax time.

📄 Multiple jobs or other income? You’ll need to update all W-4s for every job, not just one. The same applies to other income with withholding, such as pensions or retirement distributions—those withholding elections should be reviewed as well.

âś… A few updates now can help keep your tax situation on track all year long.

2025 Tax Organizers were just emailed ! If you didn't receive yours, please let me know. I realize you may not receive...
01/15/2026

2025 Tax Organizers were just emailed ! If you didn't receive yours, please let me know. I realize you may not receive all of your tax documents until February, but go ahead and print your organizer to get a head start on things.

Once you receive all of your W2s and other forms, please upload them (along with the completed organizer). It's very helpful if you can scan everything in black & white and upload as one PDF document, if possible. Also, be sure to send me a message or email once everything is there so I can get started on your return right away.

As always, please let me know if you have any questions. I look forward to working with you this year!!

01/15/2026

🚨 IMPORTANT TAX REMINDER FOR PARENTS 🚨

Yes, your child can file their own tax return but parents still need to understand the dependency rules 🧾⚠️

When a dependent files a tax return, there is a required box that must be checked stating
“Someone else can claim me as a dependent.”

If that box is not checked and the child files first, it can prevent the parent from properly filing and claiming them later.

📌 Here’s the bottom line for 2026 👇🏽

You may still claim your child as a dependent if they meet IRS rules:

✔️ Under age 19, or
✔️ Under age 24 and a full-time student, and
✔️ Does not provide more than 50% of their own support, and
✔️ Lives with you more than 6 months out of the year

👉🏾Age alone does not disqualify a child.

♿ Important exception
If your child is permanently and totally disabled, there is no age limit. They may still qualify as your dependent as long as the support and residency rules are met.

Too many parents stop claiming their children just because they turned 18 or started filing on their own and that can mean leaving credits and deductions on the table đź’¸

Your child can file their own return AND you can still claim them if they qualify under IRS dependency rules.

Happy New Year!!! That means tax season is right around the corner. I’ll be sending out the organizer/portal emails aro...
01/05/2026

Happy New Year!!! That means tax season is right around the corner.

I’ll be sending out the organizer/portal emails around January 15th. I’m expecting W2s to start coming in around the 3rd week of the month so we’ll be able to get started soon.

Returning clients don’t need to do a thing! Once you’re on my list, you’ll automatically get the organizer email.

Also, the best way to reach me is via email - [email protected]

Facebook is great, but email helps me keep all pertinent business/work information in one place. Thank you for understanding.

Once again, I’m so very thankful for all of my clients. I appreciate you trusting me with your tax preparation needs and look forward to serving you again this year.

And so it ends...my 32nd tax season!Thank you to all of my amazing clients - I appreciate every single one of you! And j...
04/16/2025

And so it ends...my 32nd tax season!

Thank you to all of my amazing clients - I appreciate every single one of you!

And just a reminder for new folks...it's never to early to come onboard for next year! I try to have all of my files set up by the end of October. So if you need assistance for 2025, let's get started now! Please don't wait until the last minute, as my availability books up quickly.The best way to reach me is via email at [email protected]

HAVE A GREAT YEAR EVERYONE!!!

Just a reminder - April 15th is quickly approaching! If you haven't sent in your info, yet - PLEASE DO! I will be out ...
03/25/2025

Just a reminder - April 15th is quickly approaching! If you haven't sent in your info, yet - PLEASE DO! I will be out of the office next week from 3/30-4/3 with limited email access. I would love to have your returns done before I leave

Not quite a month in...and refunds are rolling out (some with Earned Income Credit and the Additional Child Tax Credit m...
02/14/2025

Not quite a month in...and refunds are rolling out (some with Earned Income Credit and the Additional Child Tax Credit may be waiting another week or so!).

Just a reminder - PLEASE send back your signed efile authorization forms! I'm waiting on 20+ of them right now...and I can't submit your returns for processing until I receive the form.

Thank you all for your support of my small business. It's always a pleasure to assist each and every one of you

2024 Tax Organizers were emailed this evening! If you didn't receive yours, please let me know. I realize you may not ...
01/16/2025

2024 Tax Organizers were emailed this evening! If you didn't receive yours, please let me know. I realize you may not receive all of your tax documents until February, but go ahead and print your organizer to get a head start on things.

Once you receive all of your W2s and other forms, please upload them (along with the completed organizer). It's very helpful if you can scan everything in black & white and upload as one PDF document, if possible. Also, be sure to send me a message or email once everything is there so I can get started on your return right away.

As always, please let me know if you have any questions. I look forward to working with you this year!!

It’s 2025!!! Which means tax season is right around the corner. I’ll be sending out the organizer/portal emails around ...
01/01/2025

It’s 2025!!! Which means tax season is right around the corner.

I’ll be sending out the organizer/portal emails around January 15th. I’m expecting W2s to start coming in around the 3rd week of the month so we’ll be able to get started soon.

I’m taking on a very limited number of new clients. If you’d like to onboard, I graciously ask that you reach out ASAP so that I can set up your file and get you scheduled for the organizer by 1/15.

Also, the best way to reach me is via email - [email protected] Facebook is great, but email helps me keep all pertinent information in one place. Thank you for understanding.

Once again, I’m so very thankful for all of my clients. I appreciate you trusting me with your tax preparation needs and look forward to serving you again this year.

Address

9852 Last Light Gln
Parrish, FL
34219

Telephone

+17273663930

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