April 2025 Newsletter

Let The Countdown Begin!

REMINDER:

The 2024 federal tax deadline for personal tax returns is April 15, 2025. If we did not received the information necessary to complete your tax return by March 15, 2025, we cannot ensure your tax return will be completed by the deadline.

blue alarm clock illustration made in 3D isolated

Personal Tax Return Extensions: Our office will automatically file an extension on behalf of all clients for whom a 2024 engagement has been activated, and whose returns are not filed by the deadline. It’s important to note that an extension gives you more time to file your tax return, not more time to pay taxes owed. If you owe when your tax return is filed and payment wasn’t made with the extension by April 15, 2025, the IRS will assess late payment penalties and interest. If you need our help with this calculation, contact your tax preparer.

What Should I Do If I Owe Taxes?

If you owe taxes to the IRS, refer to your tax return for instructions and the exact amount you need to pay. You can pay the IRS online or via check. If you pay with a check, we recommend mailing the check and voucher via certified mail. READ THE INSTRUCTIONS ON THE 1st PAGE OF YOUR RETURN FOR THIS INFORMATION.

For easy online payments to the IRS, click the button below:

Online Payment to the IRS

Payments to the IRS for 1040s is DUE APRIL 15th. If you filed an extension, the extension is ONLY FOR THE RETURN, NOT FOR PAYMENT.

Important Dates & Updates

Tuesday, April 15th

Due date for the first 2025 estimated quarterly payments

Deadline for federal tax filing for individual tax returns

Deadline to file a 6-month extension for individual returns

Thursday, May 1st

2025 Service Engagement renewals start for 1040 clients.

DocuSign 8879

Form 8879 is required for signature in order for our firm to electronically file your tax return. This year your 8879 form will be delivered via DocuSign to your email address.

We will still accept printed and signed 8879 like we have done in the past. Reminder, if you choose to print and sign your 8879, you must upload it to your SmartVault in the Send TO Accounting Tax Team folder.

TAX SEASON OFFICE HOURS:

Monday - Friday: 8:30am - 5:00pm

Saturday, April 5th: 9:00am -1:00pm

Sunday: CLOSED

2025 Tax Planning Meetings Available from May - January!

Call our office to schedule your appointment

817-430-3000

Don't wait to discuss tax planning for future returns. Tax planning is an ongoing, proactive, strategic plan that will help you make the most of your tax write-offs and deductions. Your talented tax planner will help you put together a long-term tactic for reducing your taxable income and deferring taxes until a later date. Tax planning is a legal way for taxpayers to use tax law to their advantage. Tax strategists know and understand the importance of planning for future tax savings.

Dear Client,

Your tax return is important to us, and we want to assure you that it remains a top priority in our workflow. While there might be a brief delay, please be patient, knowing that we are diligently working to provide you with accurate and timely results.

We understand the significance of your financial matters, and you peace of mind is important to us. Rest assured, we will proactively reach out to you as soon as your tax return is complete.

If you have any specific concerns, urgent matters, or deadlines, please do not hesitate to communicate them to use, and we will do our utmost to accommodate your needs.

As tax deadlines approach, we will file an extension for all current engaged clients on your behalf for those returns that are not complete. This ensures ample time for accurate and thorough completion of your return. You will be notified only IF we estimate a payment to the IRS is required. This estimate can only be done if your documents are uploaded by March 15th, 2025.

Your understanding during this busy period is invaluable to us, and we sincerely appreciate your patience and corporation.

Sincerely,

Rochelle Chandler, CPA / Managing Partner

Kristina Knowles, CPA / Partner