Marhamo Tax Advisor

If you are a resident in a federally declared disaster area, you may access retirement funds in a disaster: -Tax Payers may withdraw up to $22,000 from an IRA or other eligible retirement plan. -Amount exempt from the 10% early distribution tax. -May repay to a retirement plan or IRA within three years of the distribution. -Distribution may be included equally in income over three years Call or email us today for a complimentary consultation! Info@marhamotaxadvisor.com 813-322-5223 #tax #incometax #cpa #Tampa #Florida #Boston

Get ready for tax filing season 2025: -Access IRS Online Account for helpful information -Create an Online account https://lnkd.in/gX-s4wMf -Gather and organize tax documents - W2s, 1099s, 1098s, K-1s, Business PLs, Medical Expenses, Charitable Letters, Etc.. -Helpful IRS resources and online tools - These tools help individuals file and pay taxes, track refunds, access account information and get answers to many tax questions. Call or email us today for a complimentary consultation! Info@marhamotaxadvisor.com 813-322-5223 #tax #incometax #cpa #Tampa #Florida #boston

Are you required to file a Form 1099 or other information return? If you made a payment of at least $600 during the calendar year as a small business or self-employed (individual) to any of the below, you are most likely required to file an information return to the IRS. -Services performed by someone who is not your employee (including parts and materials) -Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish -Payments to attorneys (including law firms or other providers of legal services) The deadline to file is January 31, 2025. Call or email us today for a complimentary consultation! Info@marhamotaxadvisor.com 813-322-5223 #tax #incometax #cpa #Tampa #Florida #Boston

Congratulations to our Founder and Tax Practitioner, Danya on starting her Doctor of Business Administration program. She brings both, her tax expertise and her business knowledge to help our client’s business. #usf #dba #tax #business

Final 2024 quarterly estimated tax payment due Jan. 15 (May 1st for FL Taxpayers). Taxpayers who earn or receive income that is not subject to tax withholding, such as self-employed people or independent contractors, should pay their taxes quarterly to the IRS. The best way to make a payment is through IRS Online Account. Avoid a surprise tax bill at tax time and the underpayment of estimated tax by individuals penalty. Call or email us today for a complimentary consultation! Info@marhamotaxadvisor.com 813-322-5223 #tax #incometax #cpa #Tampa #Florida #Boston https://lnkd.in/gX-s4wMf

Did you get married during 2024? Essential tax tips for marriage status changes: -Report any name change the Social Security Administration. The name on a person's tax return must match what’s on file at the SSA. -Update address- Notify the U.S. Postal Service, any employers and the IRS of an address change -Check withholding -To avoid a surprise at tax time, use the IRS Tax Withholding Estimator and complete a new Form W-4 to give to your employer. -Review filing status options-Married taxpayers can choose to file their federal income taxes jointly or separately each year Call or email us today for a complimentary consultation! Info@marhamotaxadvisor.com 813-322-5223 #tax #incometax #cpa #Tampa #Florida #Boston

Check out our feature in Voyage Tampa Magazine! Link Below: https://lnkd.in/exvrrUJS #tax #incometax #cpa #Tampa #Florida #Boston

The IRS increased the standard mileage rate for business use in 2025; 70 cents per mile Beginning Jan. 1, 2025 Use of the standard mileage rates is optional. Taxpayers may instead choose to calculate the actual costs of using their vehicle. Call or email us today for a complimentary consultation! Info@marhamotaxadvisor.com 813-322-5223 #tax #incometax #cpa #Tampa #Florida #Boston

The deadline for 2024 last quarterly estimated payment is Jan. 15, 2025 Taxpayers with non-wage income may need to make estimated or additional tax payments. The Tax Withholding Estimator on IRS.gov can help wage earners determine if they need to make an additional payment to avoid an unexpected tax bill when filing their return. Call or email us today for a complimentary consultation! Info@marhamotaxadvisor.com 813-322-5223 #tax #incometax #cpa #Tampa #Florida #Boston

Get ready now to file 2025 taxes: View key information such as steps to make tax filing easier. Visit the IRS tax planning landing page : https://lnkd.in/gg9EuqHC Call or email us today for a complimentary consultation! Info@marhamotaxadvisor.com 813-322-5223 #tax #incometax #cpa #Tampa #Florida #Boston