Happy New Year!
It’s Tax Time! I hope the New Year finds you all in good health and that you have all had a relaxing Holiday season. This letter will guide you through the process to get your taxes filed as quickly as possible. Be sure to save all tax documents you receive over the next several weeks and any other tax related items that we may need to prepare your tax returns.
DEADLINES FOR DOCUMENT SUBMISSION
Submit documents here (also accessible through website):
The IRS will begin accepting 2025 e-filed tax returns on Monday, January 26, 2026. Deadlines for submitting information for timely filing are as follows:
PERSONAL TAX RETURN: MARCH 25, 2026
BUSINESS TAX RETURN (Partnership/S Corp): FEBRUARY 23, 2026
BUSINESS TAX RETURN (C-Corp): MARCH 25, 2026
1099 FILINGS: JANUARY 20, 2026
NON-PROFIT TAX RETURN (990): MAY 1, 2026
Anything after these dates will result in possible extension being filed. We recommend that you compile your information and once all documents have been received, submit it to us as soon as possible. Once we receive 90% of your Tax Support Documents from you, we will begin your tax return preparation. Remember that an extension of your tax return is not an extension to pay the tax due. It is merely an extension to file your tax return. Any tax due is still due by the original due date.
PERSONAL TAX RETURN DEADLINE
Without extension, April 15th, 2026, including:
- Personal tax returns (Form 1040)
- Gift tax returns (Form 709)
- Trusts (Form 1041)
To have your return completed before April 15th, please submit your tax information to us no later than March 25th, 2026. If your information is received after March 25th, your return will be extended and filed after April 15th.
BUSINESS TAX RETURN DEADLINE
Without extension, March 15th, 2026, including:
- Partnership (Form 1065) returns
- S-Corp (Form 1120-S) returns
Without extension, is April 15th, 2026, including:
- C-Corp (Form 1120) returns
To have your return completed before March 15th, please submit your tax information to us no later than February 23rd, and March 25th for the April 15th Deadline. If your information is received after these dates, your return will be extended and filed after the deadline.
TAX ORGANIZERS
Let us know if you would like us to send you an organizer. If you have had changes in the last year - A tax organizer can be used to remind you of the information needed and to allow you time to organize when submitting documents or our organizer. Be sure to note any changes such as:
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*Overtime Pay Tax Break
- Starting January 1, 2025, a designated amount of qualifying overtime pay will be exempt from federal income tax under the One Big Beautiful Bill Act (OBBBA). You can deduct up to $12,500 (for most filers) or $25,000 (Married Filing Jointly) in overtime pay from your taxable income.
- The tax benefit phases out for higher earners, starting at $150,000 (Single) or $300,000 (Married Filing Jointly). You must be a non-exempt W-2 employee, and your overtime must meet federal labor standards.
**Identity Protection Pin (IP Pin) - please be sure to upload this year’s IP PIN letter to the portal.
- If you are enrolled in the IP program with the IRS, they will issue you a new IP PIN every year so it’s important that you provide us with the correct IP PIN or it will cause an e-file to be rejected on your return. You can retrieve your IP PIN with link:
NON-PROFIT TAX RETURN DEADLINE
Without extension, May 15th, 2026:
- Non-profit returns (Form 990)
To have your return completed before May 15th, please submit your tax information to us no later than May 1st, 2026. If your information is received after May 1st, your return will be extended and filed after May 15th.
FORM 1099 INFORMATIONAL RETURN DEADLINE
The tax filing deadline for issuing Form 1099s to recipients is February 2, 2026. There is no extension for this form. Businesses are required to issue a Form 1099 to taxpayers and businesses (other than a corporation) who have received at least $600 or more in non-employment income during the tax year. (This rule changes in 2026, and the threshold increases from $600 to $2,000)
If you would like us to prepare these forms for you, please ensure that you have complete W-9 information for each 1099 recipient and provide that information to us no later than January 20th, 2026. There is a base fee of $100 plus $20 per form.
2025 TAX SEASON APPOINTMENTS:
Schedule appointments with the link below:
You may submit your documents directly to our office without an appointment via:
- Website client portal: CLIENT AREA
- Mailed to our office
- Drop Off (Westlake Village Office or Home Drop Box in Simi Valley)
- We would prefer that you do not email, if possible, to ensure encryption of your documents. If you choose to email your information, please take steps to ensure cybersecurity. With a large number of emails each season, documents can also be overlooked.
- Please refrain from texting your documents to my cell phone, as they have a possibility of being overlooked
We find that most tax questions can be answered over secure message through Encyro system email (which is initiated once documents are submitted through the portal), which enables you to refer to written answers especially when it pertains to confusing tax law. However, there are times that phone calls and zoom meetings are necessary if you have new or unusual circumstances that you would prefer to discuss via phone or via zoom, or in person. If so, please schedule a meeting on our website: www.abercrombieandassociates.com or use this link:
The last day I will be taking appointments prior to the April 15th deadline is March 21st, 2026. Note that there are a limited number of appointments during this time frame, so please schedule early.
FEES AS OF JANUARY 1, 2026
Our firm is committed to providing the highest quality service. Our fees for tax preparation are based on the complexity and # of forms required for the return and the time it takes to prepare and file it. Below are our Starting Base Fees for Tax Return Preparation:
*Please try to submit complete documents on time to avoid additional time and costs to re-visit the files and returns.
- Individual Tax Return Base Fee - $395.00+
- Discounts for Dependent children returns
- Individual Tax Return with (1) Sole Proprietorship Business Base Fee- $595.00+ (additional businesses $250 + each)
- Individual Tax Return with (1) Rental property Base Fee - $595.00+ (additional properties $150 - $250 each)
- Business (Corporation/Partnership/LLC) Tax Return Base Fee - $1,100.00+
Other Fees as of January 1, 2026, the hourly rates are as follows:
- $195/hr. for consultation and/or consulting and tax planning.
- $75-115/hr. for accounting, bookkeeping and QBO training.
Consulting, tax planning, advisory services, accounting, responding to IRS and state notices, etc., any request beyond the actual preparation of your tax return is billed at our hourly rates.
If you have any questions or concerns about fees, please feel free to reach out to us.
PAYMENT FOR SERVICES:
PAYMENT IS DUE UPON COMPLETION OF THE TAX RETURN.
We accept cash, checks, and electronic payments via Zelle, PayPal and Venmo. You can find me on Venmo / Zelle by searching for my phone number cell or email: (805) 338-1922.
Thank you for your continued business, we are wishing you all a healthy and successful year ahead!