Sawyer Tax and Accounting

05/26/2026

No Tax on Overtime and Tips update!!!

As the IRS has released more information on this deduction they are requiring that all W2 employees and 1099 employees have this information on their documents in Box 14. If this information is not there, you will have to talk to your employer. Tax Accountants cannot get this information from your employer or check stubs for tax year 2026.
*Self Employed individuals who don’t get a 1099 NEC! You will need to keep documentation of your qualified overtime worked and of the tips that are qualified and take it off of your income. The deduction can no longer be listed on your Schedule C! It has to come off of your total income!!!!

05/11/2026

OFFICE IS OFFICIALLY CLOSED UNTIL MONDAY MAY 18th! 🎉🎉🎉

05/10/2026

Happy Mother’s Day to all my wonderful mothers out there and to the dads who do it all!!!

04/16/2026

Ok…. That is a wrap #2! You procrastinators really keep my blood pumping! LOL!

04/16/2026

Options for taxpayers who need help paying their tax bill

The filing and payment deadline for most 2025 federal tax returns is April 15, 2026. There are exceptions for taxpayers in a disaster area, combat zone or living and working abroad. Taxpayers who can’t pay their tax bill by the deadline shouldn't panic – the IRS offers a variety of options to help taxpayers meet their obligations.

Those struggling to meet their tax obligation may consider several options to resolve their tax bill. The Tax Debt Help tool on IRS.gov provides individuals and businesses with a simple, accessible way to explore payment options and identify next steps based on their situation. These options include:

Online payment plans
Most individual taxpayers qualify for an online payment plan. The quickest and easiest way to set up a payment plan is through the online payment agreement, available on IRS.gov. Setup fees may apply.

Short-term payment plan – The total balance owed is less than $100,000 in combined tax, penalties and interest. This gives a taxpayer up to 180 days to pay their balance in full.
Long-term payment plan – Also known as a simple plan or installment agreement. This option is available online and to individual taxpayers that owe $50,000 or less in combined tax, penalties and interest. Most taxpayers have up to 10 years to pay off their balance, but the longer the term on the payment plan, the more interest, penalties and fees will add up. Payments may be made using direct debit (automatic bank withdrawal). This eliminates the need to send in a payment each month, saves postage costs and reduces the chance of default.
Once the online application is complete, the taxpayer is notified immediately whether their plan is approved. There’s no paperwork and no need to call, write or visit the IRS.

Other payment options
Anyone who can’t qualify for an online payment plan should consider these options:

Offer in compromise – Some taxpayers qualify to settle their tax liabilities for less than the total amount owed by submitting an Offer in Compromise. Taxpayers should use the Offer in Compromise Pre-Qualifier tool on IRS.gov to see if they qualify.
Temporary delay of collection – Taxpayers can contact the IRS to request a temporary delay of the collection process. If the IRS determines that the taxpayer is unable to pay, it may delay collection until the taxpayer’s financial condition improves. Penalties and interest continue to accrue until the full amount is paid.
Taxpayers can get details on these options and more by visiting the Tax Debt Help page or reviewing Topic 202, Tax payment options, on IRS.gov.

Penalty relief to eligible taxpayers
Taxpayers may qualify for penalty relief if they tried to comply with tax laws but are unable to due to circumstances beyond their control.

04/16/2026

That’s a wrap folks!!! Thank you everyone for a great 2025 Tax Season! I hope to see you all again next year!!! 💃🏻👏🏻👏🏻👏🏻🎉🎉🎉

04/03/2026

Don’t leave a potential refund on the table

Not everyone is legally required to file a federal tax return. However, not doing it could be leaving money on the table. People could be missing out on refundable tax credits or an income tax refund. This could apply to someone if they:

Have had federal income tax withheld from their pay
Made estimated tax payments
Qualify to claim refundable tax credits
Don’t miss out on valuable tax credits
A few tax credits people can claim on a federal tax return if they’re eligible include:

Earned Income Tax Credit – The EITC helps low to moderate-income workers and families get a tax break. The amount of the credit may vary based on income, family size and filing. Taxpayers can use the EITC Assistant to check their eligibility.
Child Tax Credit – Taxpayers with a qualifying child may be eligible to claim up to $2,200 per qualifying child with the CTC. The Additional Child Tax Credit is a refundable portion of the CTC. For 2025, up to $1,700 per qualifying child may be refundable.
Credit for Other Dependents – Taxpayers who don’t qualify for the Child Tax Credit may qualify for the Credit for Other Dependents. This includes people who have:
Dependent children who are age 18 or older at the end of 2025
Parents or other qualifying individuals they support
Adoption Tax Credit – This credit now partially refundable and is available to taxpayers who finalized an adoption in 2025 or started the adoption process before 2025. The maximum amount, for 2025, is $17,280 per eligible child. The refundable amount is up to $5,000 per qualifying child. However, any nonrefundable amount carried forward can’t be used to calculate a refundable portion for future tax years.
Education credits – The American Opportunity Tax Credit is for qualified education expenses for the first four years of higher education. The Lifetime Learning Credit is for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution.
Get help deciding whether to file
The Interactive Tax Assistant provides answers to many common tax law questions based on an individual's specific circumstances. It can help someone decide whether they should file a tax return and if they're eligible for many common tax credits.

03/25/2026

https://www.mtnviewcremation.com/obituaries/Betty-Bryant?obId=47867438&fbclid=IwZnRzaAQwxDZleHRuA2FlbQIxMQBzcnRjBmFwcF9pZAo2NjI4NTY4Mzc5AAEeG-KcmZURx7EUjzsfeVf8PqV5TTgaMLxbyLg-FCMjmn3kSGEtpEXiZv63x2E_aem_bjH0CqJpUN9wXM6-Fs_xcw Please pray for my sweet little friend Angel Bryant! She has lost her sweet mama!

View Betty Bryant's obituary, contribute to their memorial, see their funeral service details, and more.

03/21/2026

Time is running out to claim $1.2 billion in refunds for tax year 2022; taxpayers face April 15 deadline

WASHINGTON ― The Internal Revenue Service today announced that over 1.3 million people across the nation have unclaimed refunds for tax year 2022 and face an April 15 deadline to submit their tax returns.

The IRS estimates that approximately $1.2 billion in refunds remains unclaimed for taxpayers who have not filed their Form 1040 Federal income tax return for the 2022 tax year. The IRS estimates the median refund amount is $686 for 2022, which means that half of the refunds are more than $686. This estimate does not include credits that may be applicable.

Under the law, taxpayers usually have three years to file and claim their tax refunds. If they do not file within three years, the money becomes the property of the U.S. Treasury.

The table below shows the number of taxpayers potentially eligible for these refunds and the estimated median refund amount by state.

By not filing a tax return, taxpayers stand to lose more than just their refund of taxes withheld or paid during 2022. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit in 2022, the EITC was worth up to $6,935 for taxpayers with qualifying children. The EITC helps individuals and families whose incomes are below certain thresholds. The thresholds for 2022 were:

$53,057 ($59,187 if married filing jointly) for those with three or more qualifying children;
$49,399 ($55,529 if married filing jointly) for people with two qualifying children;
$43,492 ($49,662 if married filing jointly) for those with one qualifying child, and;
$16,480 ($22,610 if married filing jointly) for people without qualifying children.
The IRS reminds taxpayers seeking a 2022 tax refund that their funds may be held if they have not filed tax returns for 2023 and 2024. In addition, any refund for 2022 will be applied to amounts still owed to the IRS or a state tax agency and may be used to offset unpaid child support or other past due federal debts, such as student loan debts.

Current and prior year tax forms, such as the tax year 2022 Forms 1040 and 1040-SR, and instructions are available on the IRS.gov Forms & Instructions page or by calling toll-free 800-TAX-FORM (800-829-3676).

Need to file a 2022 tax return? There are several options to get key documents

Although it’s been a few years since 2022, the IRS reminds taxpayers that there are ways they can still gather the information they need to file the 2022 tax return. But taxpayers should ensure they have enough time to file before the April deadline for 2022 refunds. Here are some options:

Request copies of key documents: Taxpayers who are missing Forms W-2, 1098, 1099 or 5498 for the years, 2022, 2023 or 2024 can request copies from their employer, bank or other payers.
Use Get Transcript Online at IRS.gov. Taxpayers who are unable to get missing forms from their employer or other payers can order a free wage and income transcript at IRS.gov using the Get Transcript Online tool. For many taxpayers, this is by far the quickest and easiest option.
Request a transcript. Another option is for people to file Form 4506-T with the IRS to request a “wage and income transcript.” A wage and income transcript shows data from information returns received by the IRS, such as Forms W-2, 1099, 1098, Form 5498 and IRA contribution information. Taxpayers can use the information from the transcript to file their tax return. Plan ahead, written transcripts requests using Form 4506-T can take several weeks. Taxpayers are strongly urged to try other options first.
State-by-state estimates of individuals who may be due 2022 income tax refunds

Based on the tax information currently available, the IRS estimated how many taxpayers in each state may be entitled to a tax refund.

State or District

Estimated number of individuals

Median potential refund

Total potential refunds*

Alabama

22,500

$674

$19,490,000

Alaska

4,100

$721

$3,745,800

Arizona

35,700

$627

$29,675,100

Arkansas

12,600

$658

$10,655,400

California

143,200

$680

$124,700,500

Colorado

22,000

$697

$19,480,500

Connecticut

12,800

$732

$11,710,500

Delaware

5,100

$686

$4,568,200

District of Columbia

3,000

$744

$2,831,200

Florida

89,000

$638

$74,481,300

Georgia

45,100

$645

$38,369,000

Hawaii

6,600

$784

$6,263,800

Idaho

7,200

$641

$5,897,400

Illinois

47,800

$714

$43,017,600

Indiana

29,500

$678

$25,531,600

Iowa

13,700

$709

$12,090,700

Kansas

12,800

$694

$11,211,500

Kentucky

17,700

$669

$15,078,200

Louisiana

19,900

$694

$17,589,700

Maine

5,100

$733

$4,608,600

Maryland

25,400

$739

$23,698,200

Massachusetts

27,300

$786

$25,909,300

Michigan

41,400

$707

$36,919,000

Minnesota

19,400

$711

$17,116,300

Mississippi

11,800

$635

$9,909,700

Missouri

29,400

$654

$24,810,500

Montana

4,700

$661

$3,991,400

Nebraska

6,300

$703

$5,498,500

Nevada

16,100

$652

$13,751,000

New Hampshire

5,800

$745

$5,284,300

New Jersey

33,400

$746

$30,821,100

New Mexico

7,600

$700

$6,779,300

New York

67,100

$757

$62,403,200

North Carolina

46,200

$638

$38,329,000

North Dakota

3,000

$774

$2,776,300

Ohio

46,300

$669

$39,342,300

Oklahoma

19,000

$672

$16,366,700

Oregon

19,900

$670

$16,975,900

Pennsylvania

48,400

$703

$42,949,800

Rhode Island

3,600

$740

$3,243,200

South Carolina

16,800

$642

$14,205,900

South Dakota

3,400

$692

$2,890,100

Tennessee

27,000

$644

$22,514,900

Texas

126,000

$687

$111,700,000

Utah

11,000

$659

$9,509,400

Vermont

2,600

$719

$2,246,400

Virginia

34,900

$695

$31,135,700

Washington

37,500

$738

$34,728,800

West Virginia

5,700

$756

$5,217,200

Wisconsin

17,600

$658

$14,871,400

Wyoming

2,600

$714

$2,352,800

Totals

1,322,600

$686

$1,159,244,200

* Excluding credits.

03/17/2026

NC STATE REFUNDS HAVE STARTED HITTING SOME ACCOUNTS!!!