Michael Mellberg CPA

03/15/2026

March 16th deadline for businesses (tomorrow)… Reminder for taxpayers that have an entity with a filing requirement (S-Corporation or Partnership). These tax return types (not an exhaustive list), Form 1120S and Form 1065 must either be filed or if you are unable to file now make sure to file the extension Form 7004 to avoid penalty.

01/29/2026

With the tax filing season underway an important change this year is a phaseout of paper refunds to electronic refunds and an encouragement to pay by electronic means.

The IRS is phasing out paper tax refund checks for individual taxpayers for the 2026 federal tax filing season.

10/04/2025

Highlighted new tax legislation in this article.

Here are five specific changes that small business owners should pay close attention to.

10/04/2025

The extension deadline for individuals is now less than two weeks away. The deadline to file without any further extension is October 15th, 2025 (Wednesday).

07/08/2025

ATTENTION: New State Mandate
NEST (Nevada Employee Savings Trust)
For businesses that have more than five employees and that do not currently offer another retirement plan, Nevada will soon have a program available for your employees to save for retirement.
A few things to know is that if you meet the qualifications of this program as an employer you are required to register your employees. The program is cost-free for the employer. Employers register or certify exemption by September 1st, 2025.
Employers will be notified via email and provided with a registration number. If the employer is required to participate, they must first enroll their employees in the program via a portal. Then the employee will have access to a portal for making investment decisions or opting out.
Eligible employees are as follows:
• Employed by current employer for 120 days or more
• Are 18 Years or older
• Receive wages or other compensation from their employer
Other information:
• Employees may opt out
• Employees have investment options to choose from
• NEST will manage the employees’ investments
• The Office of the State Treasurer will administer the program
Businesses without employees:
If you are a sole proprietor or sole member of an LLC without employees then this will not apply to you. If you are the sole employee of your company, you may enroll but are not required. At some point if you hire employees then you will want to register eligible employees.
To learn more and for accessing future updates you can click on the following link:
https://www.nevadatreasurer.gov/NEST/ (edited)
nevadatreasurer.govnevadatreasurer.gov
Nevada NEST Program
Nevada State Treasurer& #39;s Office - Nevada Employee Savings Trust (NEST) Program

Nevada State Treasurer's Office - Nevada Employee Savings Trust (NEST) Program

03/26/2025

If you absolutely cannot pay what you owe, file the return and pay as much as you can afford or at least file an extension. You'll owe interest and possibly penalties on the unpaid tax, but you will limit the penalties by filing or extending.

The federal income tax filing deadline for individuals is generally Tuesday, April 15, 2025.

03/26/2025

You still have a little more than a couple weeks to cut your tax liability for 2024 by making an IRA contribution. Remember if you participate in an employer plan (401K, 457, 403B, DBP) the deductibility of your IRA contribution may be limited.

You have until your tax filing deadline to make an IRA contribution for 2024

02/17/2025

The tax filing season is underway. Here are some important tips for simpler tax returns (IRS Direct File) and key dates.

The federal income tax filing season started Monday, January 27, 2025.

12/01/2024

For all those headed towards expanding your mind and skills FAFSA October filing date was delayed. It starts in December

Find out how much college costs increased for the 2024–2025 school year.

11/22/2024

IRS will close E-filing of federal tax returns for 2022 and 2023 on Saturday November 30th 2024 temporarily. The filing of the 2021 tax return will close sometime in December 2024 (date not determined at this time). Since IRS E-filing system allows for the three most recent years to be E-filed, taxpayers who do not E-file their 2021 return soon will have to mail in a 2021 tax return after December 2024. The IRS will re-open E-filing for 2022, 2023 and 2024 in January 2025.

10/13/2024

The extended filing deadline for personal and C Corporation taxes is on Tuesday, October 15th. Make sure to file your return by that day. If you owe money and can not pay by the deadline at the very least you can file your return. You may request an installment agreement at the time you file by completing the form 9465 along with your tax return. If you don't complete the form 9465 at the time of filing you may do so after October 15th. You may go online to file for an installment agreement at:
https://www.irs.gov/payments/online-payment-agreement-application

Remember, even if you are not done or have not received a K1 for example by October 15th, you should still file by determining an estimate of what income you would expect to be on the K1. However, you should take precaution not to file a tax return that results in a substantial understatement of your taxes, which will be assessed if IRS determines you underreported your taxes by the greater of $5,000 or 10% of the adjusted tax liability.

The IRS Online Payment Agreement system lets you apply and receive approval for a payment plan to pay off your balance over time.