MPS Tax Services Inc.

MPS Tax Services Inc. Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from MPS Tax Services Inc., Tax preparation service, 2 First Avenue Suite 106, Peabody, MA.

01/27/2026

💡 Tax Tip Tuesday 💡

Filing season is officially open—but should you wait?

Just because you can file doesn’t always mean you should. You may want to hold off if:

You’re still waiting on forms (W-2s, 1099s, brokerage statements)

You had life changes in 2025 (new job, side income, marriage, home purchase)

You want to avoid amending later—amended returns = delays 🚫

That said, if you’re expecting a refund and have all your documents, filing early can help you get your money sooner 💰

Bottom line: accurate beats fast every time. When in doubt, wait until everything’s in.

**💡 Tax Tip Tuesday: The Augusta Rule 💡**Did you know you may be able to rent your home to your business tax-free? Under...
01/20/2026

**💡 Tax Tip Tuesday: The Augusta Rule 💡**

Did you know you may be able to rent your home to your business tax-free? Under the Augusta Rule, homeowners can rent out their personal residence for up to 14 days per year and not report the rental income on their tax return.

✔️ Your business can still deduct the rental expense
✔️ No rental income reported personally
✔️ Great for meetings, planning sessions, or training days

📌 Important: The rent must be reasonable, properly documented, and tied to a legitimate business purpose.

If you’re a business owner, this strategy can be a smart way to lower your taxable income when done correctly. Always consult your tax professional to be sure it’s set up properly!

01/14/2026

💡 Tax Tip of the Day: 1099s 💡

If you own a business and paid a contractor $600 or more in 2025 for services, you may be required to issue a Form 1099-NEC—even if payment was made by check, cash, or ACH.

🗓️ Important deadline: 1099s must be issued to contractors and filed with the IRS by January 31, 2026.

📄 Pro tip: Always collect a W-9 before paying contractors to ensure you have the correct legal name, address, and SSN/EIN. Missing or incorrect 1099s can lead to IRS penalties.

✔️ A little preparation now can save you time, stress, and money later!

From tax season to touchdown season 🏈The MPS Tax team is at Gillette Stadium, cheering on the Patriots and enjoying a br...
01/04/2026

From tax season to touchdown season 🏈

The MPS Tax team is at Gillette Stadium, cheering on the Patriots and enjoying a break, before a busy season ahead.

Let’s go Patriots! ❤️💙

12/31/2025

🎉✨ Happy New Year from all of us at MPS Tax Services Inc.! ✨🎉

As we welcome the new year, we want to thank our amazing clients, friends, and community for trusting us year after year. A new tax season is right around the corner, and we’re ready to help you start 2026 with confidence and peace of mind.

Whether you’re a returning client or planning to work with us for the first time, we look forward to guiding you through the upcoming tax season and making the process as smooth and stress-free as possible.

Here’s to a healthy, happy, and successful New Year—we can’t wait to work with you! 🥂📊

Address

2 First Avenue Suite 106
Peabody, MA
01960

Telephone

+19785389040

Website

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