Resources

Resources & Documents

Useful Resources for Tax Season Preparation

In addition to professional accounting services, we’re offering documents and resources to help you prepare for tax season.

Resources

Important Tax Dates

January 31st

Deadline for employers to send W-2 forms to employees and 1099 forms for to non-employees.

February 15th

W-4 Form Exemption Due: If you claimed exemption from income tax withholding on the W-4 Form you gave your employer last year, you must file a new W-4 Form by this date to continue your exemption for another year.

March 15th

Previous year partnership and S corporation returns are due, along with any taxes owed by those businesses.

April 15th

Previous year individual income tax returns due, along with any taxes owed, in addition to returns for C corporations and trusts.

September 15th

Extended due date for all non-individual tax returns.

October 15th

Extended due date for all individual tax returns.

Resources

Tax Forms

Direct links to downloadable tax forms provided by the IRS

1040

2024 Form 1040

Schedule A

2024 Schedule A (Form 1040)

Schedule B

2024 Schedule B (Form 1040)

Schedule C

2024 Schedule C (Profit or Loss From Business)

Schedule D

2024 Schedule D (Form 1040)

Schedule E

2024 Schedule E (Form 1040)

Schedule SE

2024 Schedule SE (Form 1040)

Form 8863

2024 Form 8863

Form 1040ES

2021 Form 1040-ES

Form 1040X

Form 1040-X (Rev. February 2024)

Form 4868

2024 Form 4868

Form 7004

Form 7004 (Rev. December 2018)

Form W4

2025 Form W-4

Form W2

2024 Form W-2

Form W9

Form W-9 (Rev. March 2024)

Form 1099

Form 1099-MISC (Rev. January 2024)

Form ST-5

Sales_Tax_Certificate_of_Exemption

2021 Tax Changes

4 Ways The New Tax Proposals Hurt Small, Family-Owned Businesses

I walked through the worst of the changes in a recent video.

1. Losses from a partnership go from being an ordinary loss to being a capital loss. That means they can only offset capital gains instead of other types of income.

2. People with income over $400,000 will see their Section 1202 gain exclusion cut in half.

3. The qualified business income deduction, which is used by many pass-through entities, will have a limit of $500,000 and, potentially, could be phased out completely.

4. The net investment income tax, often thought of as the Medicare tax on investment income, will now apply to pass-through business income over $500,000.

Add these 4 changes to the increase in the top income tax rate to 39.6%, and this is a serious attack on successful small businesses. Check out the full video for more details.

If you own a small business — or any business, for that matter — it’s time to start thinking ahead.

It’s essential that you create a tax strategy now and be ready to move quickly if these changes pass.

Think of this planning work as an insurance policy for your business. You wouldn’t drive a car without insurance, would you? Don’t head into new tax territory without a strategy.

2024 Tax Year

2024 Tax Brackets

Tax Rate	Single Filers	Married Couples Filing Jointly	Married Couples Filing Separately	Head of Household
10%	$11,600 or less	$23,200 or less	$11,600 or less	$16,550 or less
12%	$11,601 to $47,150	$23,201 to $94,300	$11,601 to $47,150	$16,551 to $63,100
22%	$47,151 to $100,525	$94,301 to $201,050	$47,151 to $100,525	$63,101 to $100,500
24%	$100,526 to $191,950	$201,051 to $383,900	$100,526 to $191,150	$100,501 to $191,150
32%	$191,951 to $243,725	$383,901 to $487,450	$191,151 to $243,725	$191,151 to $243,700
35%	$243,726 to $609,350	$487,451 to $731,200	$243,276 to $365,600	$243,701 to $609,350
37%	$609,351 or more	$731,201 or more	$365,601 or more	$609,351 or more

Standard deduction 2024

The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. People 65 or older may be eligible for a higher amount.

The 2024 standard deduction is taken on tax returns filed in 2025.