Unisource Financial Services, Corp.

Unisource Financial Services, Corp. Accounting & Payroll, Income Tax Services, Real Estate, Property Management, Insurance Servcies, Auto Tag & Title Servcies, Notary, Fax & Copies

Price Reduction
08/12/2025

Price Reduction

Just Sold!
08/07/2025

Just Sold!

06/17/2025

Issue Number: Tax Tip 2025-40

Potential tax benefits for homeowners

Owning a home costs money, but there are tax benefits available to help homeowners save on some of common costs of homeownership. Homeowners should review the tax deductions, programs and housing allowances to see if they are eligible.
Deductible house-related expenses

Most home buyers take out a mortgage to buy their home and make monthly payments to the mortgage holder which may bundle other home-related costs.

Taxpayers must itemize their deductions to deduct homeownership expenses.

The costs the homeowner can deduct are:
• State and local real estate taxes, subject to the $10,000 limit.
• Home mortgage interest, within the allowed limits.

Homeowners can't deduct any of the following items:
• Insurance including fire and comprehensive coverage and title insurance.
• The amount applied to reduce the principal of the mortgage.
• Wages paid to domestic help.
• Depreciation.
• The cost of utilities, such as gas, electricity or water.
• Most settlement or closing costs
• Forfeited deposits, down payments or earnest money.
• Internet or Wi-Fi system or service.
• Homeowners’ association fees, condominium association fees or common charges.
• Home repairs.

Mortgage Interest Credit

The Mortgage Interest Credit helps people with lower income afford homeownership. Those who qualify can claim the credit each year for part of the home mortgage interest paid. A homeowner may be eligible for the credit if they were issued a qualified Mortgage Credit Certificate from their state or local government.

Ministers and military housing allowance

Ministers and members of the uniformed services who receive a nontaxable housing allowance can still deduct their real estate taxes and home mortgage interest. They don't have to reduce their deductions based on the allowance.

06/07/2025

Issue Number: Tax Tip 2025-37

Summer activities that could impact next year’s tax return

Summer is a time for fun but it’s never the wrong time to be thinking about taxes – and some summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for tax season.

Marriage

Wedding season is upon us, and newlyweds can make their tax filing easier by taking two simple steps now:
• First, report any name change to the Social Security Administration.
• Next, notify the United States Postal Service, employers and the IRS of any address change. To officially change their mailing address with the IRS, taxpayers must complete and submit Form 8822, Change of Address. See page 2 of the form for detailed instructions.

Summer day camp

If a taxpayer is sending a child to summer day camp, the cost may count toward the Child and Dependent Care Credit.
Business travel
Kids may have the summer off, but parents generally don't – and business travel happens year-round. Tax deductions are available for certain people who travel away from their home or main place of work for business reasons. Whether a business traveler is away for a few nights or all summer long, it’s important for them to remember the tax rules related to business travel.

Part-time work

While summertime and part-time workers may not earn enough to owe federal income tax, they should file a tax return to get any refund they may be owed. Part-time and seasonal workers can visit IRS.gov to learn more about who should file a tax return.
Some taxpayers earn summer income with a side hustle or doing gig work. They can visit the Gig Economy Tax Center at IRS.gov to learn how participating in the gig economy can affect their taxes. If taxpayers are paid through payment apps for goods and services during the year, they may receive an IRS Form 1099-K for those transactions. For more information, go to IRS.gov/1099k.

Home improvements

The IRS has information to help taxpayers take advantage of tax credits for home improvements. If taxpayers make qualified energy efficient improvements to their home after Jan. 1, 2023, they may qualify for a tax credit up to $3,200.

These types of improvements include Energy Efficient Home Improvement Credits for things like water heaters, exterior windows and doors and heating and air conditioning installations.

Residential Clean Energy Credits are available for taxpayers who install solar water heaters, fuel cells and battery storage or solar, wind and geothermal power generation. Taxpayers can visit the

Home Energy Tax Credits page on IRS.gov to learn more.

More information
How to claim these credits can be found in these step-by-step guides:
• Energy efficient home improvements
• Home energy audit
• Residential energy property

New on the Market
05/10/2025

New on the Market

05/09/2025

Issue Number: Tax Tip 2025-31

Business owners:

Make sure emergency preparedness plans include financial records.

When business owners put together an emergency preparedness plan, it should include copies of vital records and financial information.

Here are some things everyone can do to help protect their financial records.

Update emergency preparedness plan annually.

Personal and business situations are constantly evolving, so taxpayers should review their emergency preparedness plan annually. Ready.gov has resources and checklists to help people put together their emergency preparedness plan.

Create electronic copies of documents.

Taxpayers should keep important documents in a safe place. This includes bank statements, tax returns and insurance policies. This is especially easy now since many financial institutions provide statements and documents electronically. If original documents are available only on paper, taxpayers can use a scanner and save them on a USB flash drive or in the cloud.

Document valuables.

Documenting valuables by taking pictures or videoing them before disaster strikes makes it easier to claim insurance and tax benefits. IRS.gov has a disaster loss workbook that can help taxpayers compile a room-by-room list of belongings.

Tax relief available for disaster situations.

Information on disaster assistance and emergency relief for individuals and businesses is available at IRS.gov. Taxpayers should also review Publication 547, Casualties, Disasters and Thefts.

Taxpayers who live in a federally declared disaster area can visit Around the nation on IRS.gov and click on their state to review the available disaster tax relief. Those who live in counties qualifying for disaster relief receive automatic filing and payment postponements for many currently due tax returns and don't need to contact the agency to get relief.

People with disaster-related questions can call the IRS Special Services Hotline at 866-562-5227 to speak with an IRS specialist trained to handle disaster issues.

If people have lost their tax documents, they can order tax transcripts or request copies of previously filed tax returns and attachments through Get transcript on IRS.gov, by filing Form 4506,

Request for Copy of Tax Return or by calling 800-908-9946.

More information
Publication 584-B, Business Casualty, Disaster, and Theft Loss Workbook

Price Reduction
03/04/2025

Price Reduction

02/06/2025

Issue Number: Tax Tip 2025-15

Tips for choosing a tax professional
When people turn to tax professionals for help preparing their federal tax return, they should choose their preparer with care.

Taxpayers are ultimately responsible for all the information on their federal income tax return, regardless of who prepares the return.
Resources for choosing the right tax preparer:
• The Choosing a Tax Professional page on IRS.gov has information about tax return preparer credentials and qualifications.
• The IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications can help identify many preparers by type of credential or qualification.
When using a tax return preparer, taxpayers should look for:
• Availability: Look for a preparer who's available year-round in case questions come up after filing season is over.
• Consistent service fees: Ask about the preparer’s service fees. Taxpayers should avoid tax return preparers who base their fees on a percentage of the refund or who offer to deposit all or part of the refund into their own financial accounts.
• IRS e-file: Ensure their preparer offers IRS e-file. The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit.
• Records and receipts: Good preparers ask to see these documents when filing a return.
• Qualifications: Understand the preparer's credentials and qualifications and review their history for complaints or disciplinary actions.
• Complete returns: Never sign a blank or incomplete return. Taxpayers are responsible for filing a complete and correct tax return.
• Mistakes: Review their tax return before signing it and ask questions if something is not clear or appears inaccurate.
• Accurate account information: Make sure any refund will go directly to the taxpayer's bank account – not into the preparer's bank account. Review the routing and bank account number on the completed return and make sure it's accurate.

By law, anyone who is paid to prepare or assists in preparing federal tax returns must have a valid Preparer Tax Identification Number. Paid preparers must sign and include their PTIN on any tax return they prepare. Not signing a return is a red flag the paid preparer may be looking to make a quick profit by promising a big refund or charging fees based on the size of the refund. Taxpayers should avoid these preparers.

02/05/2025

Issue Number: Tax Tip 2025-14

Gathering records is the first step of tax preparation
Taxpayers should start gathering and organizing records to get ready for filing their 2024 federal tax return. They need all year-end income documents to help ensure they file a complete and accurate 2024 federal tax return and avoid refund delays.
The Get Ready page on IRS.gov offers practical tips and resources to help taxpayers prepare. It highlights key updates and important steps for making tax filing easier in 2025.
Documents
Taxpayers should have all necessary records handy, such as W-2s, 1099s, receipts, canceled checks and other documents that support any income, deductions or credits reported on their tax return.
Most taxpayers should receive income documents including:
• Forms W-2, Wage and Tax Statement.
• Form 1099-MISC, Miscellaneous Income.
• Form 1099-INT, Interest Income.
• Form 1099-NEC, Nonemployee Compensation.
• Form 1099-G, Certain Government Payments – such as unemployment compensation or state tax refund.
• Form 1095-A, Health Insurance Marketplace Statements.
IRS Online Account
An IRS Online Account makes it easy for taxpayers to quickly get the tax planning info they need. With an IRS Online Account, they can:
• View key details from their most recent tax return, such as adjusted gross income.
• Request an Identity Protection PIN.
• Get account transcripts to include wage and income records.
• Sign tax forms like powers of attorney or tax information authorizations.
• View and edit language preferences and alternative media.
• Receive and view notices and letters.
• View, make and cancel payments.
People should visit How to Register for Certain Online Self-Help Tools for more information about how to create an IRS Online Account or how to reset the username or password.

Address

8461 Lake Worth Road , Suite 102
Wellington, FL
33467

Opening Hours

Monday 9am - 6pm
Tuesday 9:30am - 6pm
Wednesday 9:30am - 6pm
Thursday 9:30am - 6pm
Friday 9am - 6pm

Telephone

+19545724300

Website

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