Monthly Tax Tip January 2026 – The Taxpayer Bill of Rights: Providing Fundamental Protection for all Taxpayers
By law, all taxpayers have fundamental rights when they’re interacting with the IRS. It’s important that all taxpayers know and understand their rights. The Taxpayer Bill of Rights presents these rights in 10 categories. Here’s an overview of these rights. For full official details about each right, click the links below. The right to be informed Taxpayers […]
Monthly Tax Tip December 2025: What Taxpayers Can Do to Get Ready for 2026 Tax Filing Season
The new year is less than a month away which means the 2026 tax filing season is drawing near. The IRS encourages taxpayers to “Get Ready” and start preparing now. Taking a few steps today can save time and help taxpayers ensure they’re filing accurate returns in the coming months. The annual IRS Get Ready campaign is […]
Monthly Tax Tip – November 2025: By Law, Every Taxpayer has the Right to Representation When Working with the IRS
Taxpayers have the right to retain an authorized representative of their choice to represent them when they are dealing with the IRS. They also have the right to seek assistance from a Low Income Taxpayer Clinic if they cannot afford representation. This is one of the ten fundamental rights of all taxpayers as outlined in the Taxpayer Bill […]
Property Tax Reports – Due 11/01/2025
It is that time of year again when Personal Property Declaration forms will be arriving in the mail for your completion. A completed Personal Property Declaration is due to your town(s) November 3, 2025, and includes the period from October 1, 2024 through September 30, 2025. Due to the volume of reports that the assessor’s […]
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 […]