Happy Anniversary Nicola, Yester & Company, P.C.!
Nicola | Yester celebrates 39 years in business this month!! We want to thank our clients, our business associates, our staff and family and friends for seeing us through all these years and still going strong! We look forward to continuing the tradition we have for excellent customer service, in-depth expertise, and providing a culture […]
Monthly Tax Tip – September 2025: Out-of-pocket Classroom Costs Could be Offset with Educator Expense Deduction…
It’s back to school season, and with that comes potential out-of-pockets costs for educators. The Educator Expense Deduction lets eligible teachers and administrators deduct certain expenses from their taxes. Eligible educators The taxpayer must be a kindergarten through grade 12 teacher, instructor, counselor, principal or aide and work at least 900 hours a school year […]
Monthly Tax Tip – August 2025: One Big Beautiful Bill Act Opportunities
The passage of the new tax law known as the One Big Beautiful Bill Act provides tax planning opportunities to individuals and businesses. There are so many strategies to consider, the sooner you start your plan, the greater your savings might be. Business planning opportunities Expanded depreciation for business equipment Favorable changes to the business […]
Monthly Tax Tip – July 2025: IRS vs. Scammer
Identity thieves can prey on anyone, at any time. Here are some helpful tips for taxpayers to know when it’s really the IRS or not. Email, text and social media The IRS doesn’t make initial contact through email or social media channels. Some common electronic scams thieves use are: Sending phishing emails to taxpayers Posing as an […]
Monthly Tax Tip – June 2025 – Mediation to Resolve Issues
Mediation can help taxpayers resolve tax issues Mediation – also known as alternative dispute resolution – can help taxpayers resolve tax issues early and efficiently. The process provides taxpayers a faster, more collaborative and cost-effective approach to case resolution. The traditional appeal process is still available for taxpayers who choose it. Mediation might be right […]
Monthly Tax Tip – May 2025 – Natural Disaster Preparation
Protect important records in case a natural disaster strikes WASHINGTON — The Internal Revenue Service reminds taxpayers that disaster preparation season kicks off soon with National Wildfire Awareness Month in May and National Hurricane Preparedness Week, May 4-10. With tax season over and peak periods for disasters approaching, now is a good time for taxpayers […]
Monthly Tax Tip – April 2025 – Myth-Busting Federal Tax Refunds
Many taxpayers file their federal tax returns and then eagerly anticipate details about their refund. The best way to check the status of a refund is through the Where’s My Refund? tool, the IRS2Go app, or by signing in to the taxpayer’s IRS Online Account. But many people mistakenly think there are better ways to get their refund status. […]
Monthly Tax Tip – March 2025 – Beware of Scams
Dirty Dozen tax scams for 2025: IRS warns taxpayers to watch out for dangerous threats IR-2025-26, Feb. 27, 2025 WASHINGTON — The Internal Revenue Service today announced its annual Dirty Dozen list of tax scams for 2025 with a warning for taxpayers, businesses and tax professionals to watch out for common schemes that threaten their tax and […]
Monthly Tax Tip – February 2025 – 2024 Tax Return Filing Info
Taxpayers should start gathering and organizing records to get ready for filing their 2024 federal tax return. They need all year-end income documents to help ensure they file a complete and accurate 2024 federal tax return and avoid refund delays. The Get ready page on IRS.gov offers practical tips and resources to help taxpayers prepare. It highlights key […]