Bean Counting Firm Inc

05/27/2026

All about the baseball! A great time in Sacramento at Sutter Health Park watching the Seattle Mariners!

04/16/2026

What your tax advisor does on tax day….2 weeks of 10 key tape was longer than 8 parking places! 😂

12/02/2025

11/14/2025

An update for you from the IRS

"At the IRS, backlogs in tax filings from those who filed for extensions will take "two to three months to catch up," said Gibson Jones, president of the National Treasury Employees Union Local 98 in Memphis. With more than 40 days of untouched mail at the IRS, he added, taxpayers expecting refunds should anticipate delays.

So, this means....anything you sent to the in the past month will be part of this backlog. Follow up! You may have to resend as well

09/25/2025

Good info for college athletes!

Kick off your college sports career on the right foot by making sure you don't fall into unnecessary tax trouble. NCAA rules allow student-athletes to benefit from their Name, Image and Likeness. Student-athletes are making money in a number of different ways, including guest appearances, sponsorships, endorsements, and as content creators/influencers. Don't forget that any income from these activities is taxable. Learn more: https://ow.ly/522150WZE7s

09/09/2025

The US Treasury and IRS have published a preliminary list of occupations that customarily receive tips as a step in implementing the One Big Beautiful Bill Act's "No Tax on Tips" provision. They include:

• Food and Beverage: Bartenders, wait staff, baristas, hosts, chefs, bakers
• Entertainment & Events: Casino dealers, dancers, musicians, DJs, digital creators, ushers
• Hospitality: Baggage porters, concierges, hotel desk clerks, maids
• Home Services: Electricians, plumbers, HVAC techs, appliance repairers, cleaners
• Personal Services: Aides, planners, photographers, tutors, nannies, pet caretakers
• Appearance and Wellness: Massage therapists, barbers, hairdressers, fitness instructors
• Recreation and Instruction: Golf caddies, tour pilots, guides, self-enrichment teachers
• Transportation and Delivery: Taxi/rideshare drivers, delivery workers, bus drivers, movers

The US Treasury and IRS are currently soliciting public feedback on the preliminary list and the final list is due by October 2, 2025.

We here at Bean Counting Firm are staying up to date with this change and are here to help with any questions you might have. You can reach us at 530-893-0859.

08/22/2025

Important Update for Tax Clients: Enhanced Child and Dependent Care Tax Credit!

The OBBBA (Opportunity for a Better Budget and Balanced America Act) has introduced major improvements to the Child and Dependent Care Tax Credit (CDCTC) — and it could mean more money back in your pocket this tax season!

What’s New?
• The maximum credit rate has increased from 35% to 50%.
• The income-based phase-down has been restructured, meaning most families now qualify for a larger percentage of their eligible expenses.

Here’s a look at the updated credit rate based on your Adjusted Gross Income (AGI):

AGI $15,000 Previous Rate 35% New Rate 50%

AGI $25,000 Previous Rate 30% New Rate 45%

AGI $45,000–$206,000 Previous Rate 20% New Rate 35%

AGI Over $206,000 Previous Rate 20% New Rate 20%

Filing Requirements:
• Married couples must file jointly to claim the credit.
• Separated spouses may qualify as "unmarried" under certain conditions.

This is a great opportunity for families to maximize their tax savings. Be sure to keep all receipts and documentation for childcare and dependent care expenses!

Got questions? We’re here to help, contact Bean Counting Firm Inc at 530-893-0859!

08/19/2025

Important IRS Update for Taxpayers!

If you’re mailing in your 3rd quarter estimated tax payment, please be aware that the IRS has changed its mailing address!

Send payments to:
Internal Revenue Service
P.O. Box 1300
Charlotte, NC 28201-1300

Also, a heads-up for the future: Starting September 30, 2025, you will no longer be able to send or receive payments by check to the IRS. All payments will need to be made electronically after that date.

Got questions? Feel free to reach out!