Suntaxconsulting

Today’s the deadline!
A friendly reminder that federal tax returns are due April 15. If you need a little breathing room, filing an extension gives you until October — but payments are still due today. Stay compliant and stress-free!

RAC Learning Series – March 10
Taxes Made Simple: A Guide to Your Tax Return
Free Online Seminar
📅 Tuesday, March 10, 2026
⏰ 7:00 PM | 💻 Live on Zoom

Join us as .grishchenko of breaks down the fundamentals of filing a tax return including required documents, common deductions, credits, and tips to avoid mistakes.

Free. Open to everyone. Practical knowledge for everyday success.
🌐 Register Now at www.RACsouthflorida.com

🚨 2026 Tax Filing Season Officially Opened January 26 🚨

The IRS has announced that it began accepting and processing 2025 individual tax returns on January 26, 2026.

⚠️ Important updates this year:
✔️ New tax benefits under the One Big Beautiful Bill Act
✔️ New Schedule 1-A for tips, overtime, car loan interest & senior deductions
✔️ IRS staffing reduced by ~25% → expect delays
✔️ Paper refund checks are being phased out — direct deposit is key

💡 Early preparation matters more than ever this year.

If you want to maximize new deductions and avoid IRS delays, proactive planning is essential.

📞 Need help? SunTax Consulting is ready.

One Big Beautiful Bill - Main Tax Highlights

One Big Beautiful Bill Main Tax Highlights

📢 Big Tax Update for Businesses! 📊

The IRS just released Notice 2026-11, giving interim guidance on the permanent 100% bonus depreciation under the One Big Beautiful Bill Act (OBBBA) — meaning many businesses can now fully expense eligible assets in the year they’re placed in service starting for property acquired after January 19, 2025! 🧾💼

✔️ What this means:
Business owners investing in qualifying equipment, machinery, software, vehicles, and more can deduct 100% of the cost in year one — accelerating tax savings and improving cash flow. 💰

✔️ Bonus options:
You can elect 40% or 60% depreciation instead of 100% in certain cases — helpful for long-term planning. 📆

This is a game-changer for capital investment planning in 2025 and beyond! 🚀

📢 2026 Tax Filing Season Is Almost Here!

The IRS has announced that it will begin accepting and processing 2025 individual tax returns on January 26, 2026. 🗓️

Here’s what you need to know to get ready and avoid delays:

✅ Individual returns sent before Jan 26 will be queued and transmitted once processing begins
⏳ Acknowledgments may be slower at the start of the season due to high filing volume
🏢 Business returns will be accepted starting January 13, 2026 (9:00 a.m. ET)
📄 1041, 1120-H, and 709 returns open on January 18, 2026
📌 Individual filing deadline: April 15, 2026

💡 Pro tip: Early preparation = fewer surprises and faster refunds.

If you’d like help getting organized, optimizing your tax position, or filing accurately and on time, Suntax Consulting is here to help.
📩 Contact us today to prepare for a smooth filing season!

Season’s Greetings from Suntax Consulting! 🎄✨
Thank you for trusting us with your tax and financial needs this year. We wish you a joyful holiday season and a prosperous New Year filled with success and peace.

— Suntax Consulting

Are You a Real Estate Professional?

Real Estate Professional Status = Major Tax Savings 🏘️💰

If you qualify as a real estate professional, you may be able to:
✔️ Deduct rental losses against other income
✔️ Avoid passive activity loss limits
✔️ Potentially eliminate the 3.8% Net Investment Income Tax

⚠️ But the rules are strict.
Many taxpayers lose these benefits due to:
• Poor time tracking
• Missing aggregation elections
• Not meeting the 750-hour or 50% tests

Proper documentation and planning are critical.
Understanding the rules can make a huge difference at tax time.