Massing & Elliott CPAs PLLC

12/16/2025

🎉 Big Congratulations to Dana! 🎉

She just passed her 3rd EA Exam and is one step closer to becoming an Enrolled Agent! 💪✨

Your hard work and dedication are paying off, and we couldn’t be prouder. Drop a 👏 in the comments to celebrate this amazing achievement!

12/02/2025

🎁 Make Your Giving Tuesday Count with a QCD!

Did you know if you’re 70½ or older, you can donate directly from your IRA to a qualified charity through a Qualified Charitable Distribution (QCD)?

✅ Benefits of a QCD:
-Counts toward your Required Minimum Distribution (RMD)
-Reduces taxable income
-Supports causes you care about

This Giving Tuesday, consider using a QCD to make a meaningful impact while enjoying potential tax advantages.

11/17/2025

🎁 Bring Joy to Children Around the World! 🎁

Operation Christmas Child, a project by Samaritan’s Purse, delivers gift-filled shoeboxes to children in need across the globe. 🌍

It’s a simple way to make a big impact:
✅ Pack a shoebox with toys, school supplies, and hygiene items
✅ Pray for the child who will receive it
✅ Drop it off at a local collection point

📦 National Collection Week: November 17–24

Learn more and find packing tips here: https://www.samaritanspurse.org/what-we-do/operation-christmas-child/

Every box is a chance to share hope and love this Christmas. ❤️ Will you pack a shoebox this year?

11/11/2025

Today, we pause to honor the brave men and women who have served our country with courage and sacrifice. Your dedication ensures the freedoms we cherish every day. Happy Veterans Day!

09/30/2025

🎯TAX TIP TUESDAY🎯

🚨 Big Changes Coming to Tax Refunds starting TODAY! 🚨

The IRS, in collaboration with the U.S. Department of the Treasury, has announced that paper tax refund checks will be phased out starting TODAY, September 30, 2025, as required by Executive Order 14247. This is the first step in transitioning to electronic payments for individual taxpayers.

Here’s what you need to know:

🤨Why the Change?
🛡Protect Taxpayers:
Paper checks are 16x more likely to be lost, stolen, or
delayed. Direct deposit ensures refunds are secure and
avoids undeliverable checks.

⚡️Faster Refunds:
Electronic refunds are issued in less than 21 days (if
filing electronically and choosing direct deposit). Paper
checks can take 6 weeks or longer to arrive.

📉Lower Costs:
Electronic payments are more efficient and
cost-effective.

🤷What This Means for You
♦️Filing Stays the Same: Continue filing your taxes as usual
using existing forms and procedures.
♦️Refunds Go Digital: Most refunds will be delivered via direct
deposit or other secure electronic methods.
♦️Help for Those Without Bank Accounts: Options like
prepaid debit cards, digital wallets, or limited exceptions
will be available.

➡️Act Now!
🏦Make sure you have your banking information ready or
consider opening a free or low-cost account. Visit FDIC:
GetBanked or MyCreditUnion.gov for account options.

⁉️Did You Know?
During the 2025 tax filing season, 93% of refunds (almost 87
million) were issued via direct deposit. Only 7% of taxpayers
received paper checks.

💻 Get ready for faster, safer, and more efficient tax refunds! Stay updated by visiting IRS.gov/modernpayments.

09/16/2025

🎯TAX TIP TUESDAY🎯

🚨 Did You Know? 🚨

In 2022, the IRS abated 69% of penalties assessed! 💸

If you've been hit with IRS penalties or already paid them, you could be eligible to have those penalties removed or even refunded. ✅

💡 Don’t leave money on the table! Let our experts help you navigate the process and get the relief you deserve.

📞 Contact us today or click the link in our bio to get started!

09/11/2025

09/02/2025

🎯TAX TIP TUESDAY🎯

📚 Back-to-School Savings Alert for Educators! ✏️

Teachers and school administrators, you can offset out-of-pocket classroom costs with the Educator Expense Deduction!

Let your hard work and dedication to your students pay off—both in the classroom and at tax time.

🧐Who’s Eligible?
Kindergarten through grade 12 teachers, instructors, counselors, principals, or aides.
Must work at least 900 hours in a school providing elementary or secondary education (as defined by state law).

❓What’s the Deduction?
Deduct up to $300 for unreimbursed classroom expenses. Married educators filing jointly? You can deduct up to $600 ($300 each).

What Expenses Qualify?
📘 Professional development course fees
✂️ Books and classroom supplies
💻 Computer equipment, software, and related services
🖍️ Other materials and equipment used in the classroom

💡 Pro Tip: Keep your receipts and track your expenses to make the most of this deduction!

09/01/2025

08/26/2025

🎯TAX TIP TUESDAY🎯

📢 Big Changes Coming to Tax Refunds! Starting September 30, 2025, NO MORE PAPER CHECKS!

The IRS is transitioning to an all-electronic payment system for tax refunds as part of a federal initiative to modernize payments. Here’s what you need to know:
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🚀 What’s Changing?
No Paper Checks: Starting September 30, 2025, the IRS will no longer issue paper checks for tax refunds.
Why? This change stems from an executive order aimed at reducing costs, combating fraud, and speeding up payments.
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💳 How Will Refunds Be Issued?
Primary Method: Direct Deposit
Refunds will be deposited directly into your bank account.
Provide your bank account number, routing number, and account type (checking or savings) when filing your tax return (e.g., Form 1040).
Already set up for direct deposit? No action needed unless your banking details change.
For Those Without Bank Accounts:
Refunds will be issued via prepaid debit cards, such as the Direct Express Debit Mastercard.
These cards can be used for purchases, ATM withdrawals, or bill payments.
Resources like the FDIC’s GetBanked initiative or MyCreditUnion.gov can help you open a low-cost or no-cost bank account.
Emerging Options:
Refunds may also be sent to digital wallets or other electronic methods as payment technologies evolve.
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❓ What If There’s an Issue?
If direct deposit fails (e.g., incorrect account info or a closed account), the IRS will attempt to reroute your refund, potentially via a prepaid debit card.
Update your details through your IRS online account or by filing an amended return (Form 1040-X).
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⚠️ Exceptions to Paperless Refunds
Paper checks may still be issued in rare cases, such as:
System errors or verification issues.
Amended returns where electronic payment can’t be processed.
Emergencies or undue hardships approved by the Treasury Secretary.
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✅ Steps to Prepare
Update Your Banking Info: Ensure your IRS online account has accurate banking details.
Open a Bank Account: If unbanked, explore resources like FDIC’s GetBanked or MyCreditUnion.gov.
Be Scam-Aware: Official IRS communications won’t ask for sensitive info via unsolicited calls or emails.
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💡 Pro Tip: Direct deposit is the fastest way to get your refund—typically less than 21 days!

08/19/2025

🎯TAX TIP TUESDAY🎯

Receive IRS Notice CP59?

🚨 What is IRS Notice CP59? 🚨
An IRS Notice CP59 is a letter sent by the IRS to inform you that they have no record of you filing your personal tax return for a specific year. It’s essentially a reminder that your tax return is missing for the tax period indicated on the notice.
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Why Did You Receive IRS Notice CP59?
You received this notice because the IRS believes you meet the filing requirements but has not received your return. This determination is often based on third-party information, such as:
Forms W-2 from employers, 1099 forms from banks, investment firms, or other entities reporting income
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What Should You Do If You Receive a CP59 Notice?
1️⃣Verify Your Records:
Check if you’ve already filed the return for the year in question, or if you filed an extension.
2️⃣If either filed, confirm that the return or extension was accepted by the IRS by checking e-file confirmations and IRS transcripts.
3️⃣If an extension was not filed or accepted:
File your signed tax return immediately.
Include any necessary payment.
Complete Form 15103 (Form 1040 Return Delinquency) included with the notice to explain the delay.
Mail the return, Form 15103, and the notice stub using the provided envelope, or fax them to the number listed. You can also e-file your return then submit Form 15103 with e-file confirmation using the IRS Document Upload Tool. https://www.irs.gov/help/irs-document-upload-tool
4️⃣If You Don’t Need to File:
Complete Form 15103 to explain why a return isn’t required.
Mail or fax the form and notice stub to the address or number provided or use the IRS Document Upload Tool.
5️⃣If You Already Filed (More Than 8 Weeks Ago):
Mail a signed and dated copy of your return along with Form 15103 and the notice stub to the address listed, fax them or use the IRS Document Upload Tool.
6️⃣If You Just Filed (Within the Last 8 Weeks):
The IRS may still be processing your return. Confirm that it was received and accepted then follow steps in 5️⃣ above.
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❌What Happens If You Ignore a CP59 Notice?❌
Ignoring this notice can lead to serious consequences:
Penalties & Interest: Failure-to-file penalties (5% per month, up to 25%) and failure-to-pay penalties (0.5% per month, up to 25%), plus interest on unpaid taxes.
Substitute for Return (SFR): The IRS may file a return for you, which may not include deductions or credits you’re entitled to, potentially increasing your tax liability.
Collection Actions: The IRS may initiate actions like wage garnishments or property liens.
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❓Need Help?
📞Call us for assistance in resolving your CP59 notice!

‼️Stay proactive and address IRS notices promptly to avoid complications!

08/12/2025

🎯TAX TIP TUESDAY🎯

💍💔 Life changes, like separation or divorce, can impact your tax situation.

Here’s what you need to know:

1️⃣ Marital Status & Filing: The IRS considers you married for tax purposes until a final divorce or separate maintenance decree is issued.
2️⃣ Update Your Withholding: If your marital status changes, submit a new Form W-4 to your employer. Receiving alimony? You may need to make estimated tax payments.
3️⃣ Alimony & Taxes:
Alimony payments may be deductible for the payer and taxable for the recipient.
Payments like child support, property settlements, or voluntary payments are not considered alimony.
4️⃣ Dependent Children:
The custodial parent typically claims the child on their tax return.
For shared custody, parents must agree on who claims the child.
5️⃣ Property Transfers: Transferring property due to divorce? Generally, there’s no gain or loss to report, but it may need to be documented on a gift tax return.

💡Plan ahead to avoid surprises. For more information, contact us.