Concord, NH – August 2026 – Nathan Wechsler & Company is pleased to announce the promotions of James Mitkonis, CPA; Joshua Parker; and Kimberly N. O’Connor, CPA, to Principal. These promotions recognize their leadership, technical expertise, commitment to client service, and contributions to the continued growth of the firm. James Mitkonis, CPA Since joining the …..

2026 Fall and 2027 Tax Planning Tax Planning Contact this office to schedule a consultation appointment. September 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your employer no later than September 10. …..

September 15 – S Corporations File a 2025 calendar year income tax return (Form 1120-S) and pay any tax due. This due date applies only if you requested an automatic 6-month extension. Provide each shareholder with a copy of their Schedule K-1 (Form 1120-S) or a substitute Schedule K-1 and, if applicable, Schedule K-3 (Form …..

If you’re planning a move—or you already split time between two states—you should understand the term domicile. Domicile is one of those legal concepts that can quietly change your tax picture in big ways. It helps decide which state can tax you on all your income, which state’s estate rules apply when you die, how …..

The Internal Revenue Code (IRC) Section 6502 provides that the IRS has a maximum of ten years from the date of assessment to collect tax debts from taxpayers. This period is a crucial timeframe for anyone dealing with tax liabilities, as it essentially defines the duration the IRS can actively pursue debts. Understanding when this …..

Most taxpayers don’t plan to get hit with an IRS penalty. Usually, it happens because life got in the way: a bill was missed, a return was filed late, or an estimated payment did not get made on time. For years, one of the best forms of relief in that situation was an IRS program …..

For many taxpayers, receiving a tax refund is the final step of filing season. Once the IRS accepts the return, most people assume their money will arrive within a few weeks. That assumption may no longer be safe. During the most recent filing season, many taxpayers who were expecting paper refund checks instead received IRS …..

With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use instead of keeping a record of actual expenses. Sure enough, the IRS recently announced a 3.5-cent increase in the optional mileage rate for the last half of 2026. The new rate for …..

July 1 – Self-Employed Individuals with Pension Plans If you have a pension or profit-sharing plan, you may need to file a Form 5500 or 5500-EZ for calendar year 2025. Even though the forms do not need to be filed until July 31, you should contact this office now to see if you have a …..

July 1 – Time for a Mid-Year Tax Check Up Time to review your 2026 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties.   July 10 – Report Tips to Employer  If you are an employee who works for tips and received more than $20 in tips …..

What Small Business Owners Need to Know Before Tax Season Sneaks Up Again  It usually starts with a harmless sentence. “I only made a little side income.” Or… “Most of my clients just paid me through Venmo.” Or our personal favorite… “I never got a tax form, so I assumed I was okay.” And honestly? …..

For many taxpayers, dealing with the IRS can feel slow, confusing, and paper-heavy. An IRS online account offers a faster, more convenient way to manage many tax tasks from your computer or phone — from checking your refund to viewing tax transcripts to setting up payments — without a trip to a post office or …..

Trump Accounts officially launched on July 4, 2026. Families who already signed up should confirm that their account has been activated and is ready to receive contributions. Those who have not yet registered can still submit the required election, complete the activation process, and begin funding the account.  The program provides a $1,000 seed contribution for eligible children born …..

April 15 – C-Corporations  File a 2025 calendar year income tax return (Form 1120) and pay any tax due. If you need an automatic 6-month extension of time to file the return, file Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, Information and Other Returns, and deposit what you …..

April 10 – Report Tips to Employer    If you are an employee who works for tips and received more than $20 in tips during March, you are required to report them to your employer no later than April 10. You can use IRS Form 4070 or your own statement that includes your signature; name, address and Social Security number; …..

Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed individuals must prepay their taxes by making periodic estimated tax payments. These are referred to as estimated tax payments because the self-employed individual must estimate his or her net earnings for the year and pay taxes per an IRS schedule according to …..

Tax season brings deadlines, documents, and urgency. It also brings scammers.  Every year, phishing attempts spike during filing season because criminals know people are expecting financial communication. Refund notices. Payroll updates. Signature requests. Client documents.  The timing makes the message feel legitimate.  And in 2026, the tactics are more sophisticated than ever. Why Tax Season Is Prime …..

As the landscape of charitable giving continues to evolve, 2026 ushers in significant changes in the tax treatment of donations. For both itemizers and non-itemizers, understanding the new rules is crucial to maximizing the benefits of charitable contributions and ensuring compliance with tax obligations. Among the key changes are new guidelines for non-itemizers wishing to …..

January 15 – Employer’s Monthly Deposit Due – If you are an employer and the monthly deposit rules apply, January 15 is the due date for you to make your deposit of Social Security, Medicare, and withheld income tax for December 2025. This is also the due date for the nonpayroll withholding deposit for December …..

January 2 – Time to Call For Your Tax Appointment – January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too crowded. January 12 – Report Tips to Employer – If you are an employee …..