Blog
Michael A. Essick, CPA, PLLC’s 2024 Tax Season Gratitude List-Topper: YOU
That’s the bell marking the end of the 2024 tax season (with a few exceptions). Yes, we’re pretty whipped over here at Michael A. Essick, CPA, PLLC. Every tax season brings its own challenges, and there were definitely a few for us in the 2024 tax...
A Warning About Social Media Tax Advice for San Antonio Taxpayers
I’ve had plenty of San Antonio clients over the years come to me in a terrible position with their taxes because they trusted the wrong person’s advice or fell prey to a scam… or both. In fact, the third most commonly reported fraud is tax refund fraud, and...
Michael Essick’s Insights on Being a Financial Caregiver
And just like that, Tax Day is a week (or less, depending on when you’re reading this) away. Remember back in January when I said it would be here before you could blink?If you’re one of those who are waiting until the last minute, and my reminders haven’t been enough...
Michael Essick’s Guide to Filing an IRS Tax Extension
Did you experience any good April Fool’s jokes this week? I always love to hear about a good prank.Here’s one that’s actually not a joke (sorry)... We’re in the final stretch leading up to the April 15th personal filing deadline.It’s our Game 7 around here, and we’re...
Common Tax Penalties San Antonio Taxpayers Can Easily Avoid
Remember that frantic scramble to file your taxes on April 15th? Procrastination happens, especially with taxes.But a rushed job often leads to a botched job. Why? Because there’s no time to double check to make sure everything is right. Small mistakes can be a big...
10 Life Change Events You Should Share with Your San Antonio Tax Pro
Three weeks. Yeah, that’s roughly how long until April 15. If you’ve already filed your return, don’t check out – today’s article will help you know if you need to do things differently on next year’s return.But if you haven’t yet prepared your taxes… well, you’re...
3 Common Tax Return Mistakes San Antonio People Can Easily Avoid
According to a survey by the American Cleaning Institute, 80% of Americans plan to spring clean this year.What’s funny is that same percentage of people would rather spring clean than take care of their taxes.I get it.While I understand that sentiment (taxes take...
IRS Collection Notices Hitting Your San Antonio Mailbox?
One thing you don’t really want showing up in your Texas Hill Country mailbox (besides all of those dental office and windows installation ads) is a collection notice from the IRS.And, for two years, you had a reprieve thanks to the IRS halting many of their...
5 Income Tax Deductions San Antonio Taxpayers Overlook
Are we out of the inflation hole yet? (A curious mind wants to know…)Well, according to the Fed, they’re waiting a little bit longer to confirm that. The good news for now is no new interest rate hikes and maybe even some cuts down the road. That spells good...
Michael A. Essick, CPA, PLLC’s Top Tax Credits for a Newly Single Parent List
Last week, the IRS debunked some myths on 1099-K reporting.Remember, the IRS is planning to phase into the $600 reporting threshold for PayPal, Venmo, et al. Here’s how that breaks down (as of this writing):- Nothing will change for 2023. The threshold is...
Crypto Tax Reporting and Keeping San Antonio Investors Accountable
Picture this: You’ve been dabbling in cryptocurrency – Bitcoin, Ethereum, maybe even a few of those meme coins. You've made some decent trades, seen some gains. Life is good. But there's that nagging feeling in the back of your mind – did you handle the taxes on all...
Michael Essick’s Practical Guide to Stop Getting Spam Email
I hate to be THAT person (you know, a nag) but because we’re about to enter March, I want to put this reminder in front of you yet again: time to get your 2023 taxes filed. April 15 is about 6 weeks away. It seems like plenty of time but also not enough to take...