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By Black Inc Tax Services | September 8, 2026 If you filed an extension for your 2025 individual tax return, the clock is ticking. For most individual taxpayers who requested an extension, October 15, 2026 is the extended deadline to file the 2025 federal income tax return. If you already filed your 2025 tax return,...Read More

By Black Inc Tax Services | September 8, 2026 If you don’t own a business, or your business tax return has already been filed, you probably don’t need to worry about this deadline. But if your S corporation or partnership is currently on extension, September 15, 2026 is an important date you should not ignore....Read More

By: The Black Inc Tax Services Team Every tax season, millions of married couples mark the “Married Filing Jointly” box on autopilot. It is what they have always done, and it is the default setting for almost all tax preparation software. However, choosing between Married Filing Jointly (MFJ) and Married Filing Separately (MFS) is one...Read More

By: The Black Inc Tax Services Team There is a lot of buzz in the financial world this year regarding the new changes to Small Business Administration (SBA) loans. Recently, the administration doubled the cumulative loan limit, allowing small business owners to combine 7(a) and 504 loans for up to $10 million in financing. We...Read More

By: The Black Inc Tax Services Team It is incredibly rare for the Internal Revenue Service to announce something that actually makes a taxpayer’s life easier. However, this week, they did exactly that. On July 8, 2026, the IRS announced they are phasing out the old, tedious “First Time Abate” process and replacing it with...Read More

By The Black Inc Tax Services Team The best tax strategies aren’t one-size-fits-all. Every stage of life presents unique opportunities to reduce taxes, build wealth, and protect your family’s financial future. Whether you’re raising children, supporting aging parents, or planning for retirement, understanding the tax rules can help you keep more of what you earn....Read More

By: The Black Inc Tax Services Team As the April 15th deadline approaches, many taxpayers who feel disorganized or overwhelmed decide to take the easy way out: “I’ll just have my accountant file an extension.” Filing an extension (IRS Form 4868) is a perfectly legal and common strategy. It grants you six additional months (until...Read More

By: The Black Inc Tax Services Team You did everything right. You gathered your documents, filed your taxes early in January, got your refund, and breathed a huge sigh of relief. Tax season was over. Then, you checked your mailbox in mid-March and found an envelope you weren’t expecting. Inside is a random 1099 form...Read More

By: The Black Inc Tax Services Team When taxpayers wait until the last minute, it usually isn’t because they are lazy. It’s because they fall into one of two categories: The Overwhelmed: You have a shoebox full of messy receipts, 1099s, and W-2s scattered across your desk. The sheer thought of organizing them exhausts you....Read More

The Kwong Ruling: How to Get Your COVID Tax Penalties Refunded By The Black Inc Tax Services Team There is a major tax opportunity that could allow eligible taxpayers and business owners to recover IRS penalties and interest paid during the COVID-19 pandemic. If the IRS charged you penalties or interest between January 2020 and...Read More