DW Hockman Financial Services, LLC

DW Hockman Financial Services, LLC D.W Hockman Financial Services, LLC is an Accounting Firm in Meridian, Idaho. https://www.dwhfs.com/ Celebrating 30 years of service!

D.W Hockman Financial Services, LLC is an Accounting Firm in Meridian, Idaho offering small to medium business accounting, bookkeeping, payroll, business, individual income tax preparation, tax planning and financial statement services. Our mission statement and goal is to “Minimize your Federal and State Taxes and Maximize your WEALTH.” We know that Taxes and Accounting can be complicated. Let our firm take care of the details for you so you have more time to devote to your business!

IRS Offer in Compromise (OIC) Program–Did You Know?People who cannot pay their tax bills in full may have options to res...
06/15/2026

IRS Offer in Compromise (OIC) Program–Did You Know?

People who cannot pay their tax bills in full may have options to resolve the situation. One of these options is the Offer in Compromise (OIC) program, which allows eligible taxpayers to settle their debts with the IRS for less than the full amount owed.

Anyone considering an OIC should first check whether they qualify using the IRS Pre-Qualifier tool online (link in comments). Eligible taxpayers may then submit an application. Applicants usually need to submit a $205 fee and an initial payment for the tax debt with their application, but the IRS may waive these requirements for applicants with lower incomes.

An OIC application requires detailed financial information and demands careful preparation. Beware of ads promising to settle tax debts quickly for a small fraction of the amount owed! Companies behind these ads, often referred to as OIC mills, may charge substantial fees while submitting applications for people who have little chance of qualifying.

For Idaho tax debts, relief options may differ from the IRS process. The Idaho State Tax Commission may consider settlements in some protested cases, and taxpayers who can’t pay in full may also be able to request a payment plan for Idaho income tax.

A trusted tax professional can help ensure that an OIC application is complete, accurate, and has a reasonable chance of acceptance.

Questions about IRS tax debt options? We’re happy to help! Call (208) 938-0701 or email [email protected]

Quarterly Estimated Tax Payments–ReminderIf you are making quarterly estimated tax payments to the IRS, the due date for...
06/08/2026

Quarterly Estimated Tax Payments–Reminder

If you are making quarterly estimated tax payments to the IRS, the due date for the April 1–May 31, 2026, payment period is coming up next Monday, June 15, 2026.

If you use IRS Direct Pay, payments can be made until 11:45 p.m. ET on the due date.

If you pay by credit or with debit card through an IRS-authorized payment processor, payments can be made until 11:59 p.m. ET on June 15th.

Payments should be made by the deadline, to avoid federal or state level underpayment penalties!

Follow DWHFS for practical tax tips that help you avoid filing mistakes.
Questions about estimated tax payments? Call (208) 938-0701 or email [email protected]

Summer Activities and Taxes – Did You Know?Summer is a time to relax and have fun, but some seasonal activities may have...
06/01/2026

Summer Activities and Taxes – Did You Know?

Summer is a time to relax and have fun, but some seasonal activities may have tax consequences. Being aware of them now may save you time and hassle later.

If your child attends a day camp so you can work or look for work, some of the cost may qualify for the Child and Dependent Care Credit. Be sure to keep records and obtain the camp's tax identification information. Idaho law may also give you a deduction of up to $12,000 for eligible expenses. (Overnight camps do not qualify for the credit.)

Students with summer jobs may be entitled to tax refunds if income tax is withheld from their pay. Adults earning income from seasonal, part-time, or gig work may not have enough tax withheld from their earnings. This can require additional withholding or quarterly estimated tax payments to avoid penalties. Be sure to file a return to report this income and claim any refunds you may be due.

Summer is also a popular wedding season. If you change your name after marriage, update your records with the Social Security Administration. If you move, update your address with the IRS by submitting Form 8822 (Change of Address) and submit a new Federal Form W-4 and State Form W-4 to your employer so your withholding reflects your current tax situation. Don’t forget to update USPS as well.

Follow DWHFS for practical tax tips that help you avoid filing mistakes.
Questions about summer tax changes? Call (208) 938-0701 or email [email protected]

National 529 Day – Did You Know?If you put money into a 529 education savings plan, earnings may be withdrawn federal in...
05/29/2026

National 529 Day – Did You Know?

If you put money into a 529 education savings plan, earnings may be withdrawn federal income tax-free when used for qualified education expenses. Qualified expenses can include tuition, fees, books, supplies, computers, and for students enrolled at least half-time, certain room and board costs.

While 529 contributions are not deductible for federal income tax purposes, many states offer a full or partial state income tax deduction or credit for contributions. Some states and plan sponsors may also offer special incentives around National 529 Day.

Recent law changes expanded the use of 529 plans. In 2026, up to $20,000 per year, per student, may be used for qualified K–12 education expenses at public, private, or religious schools. Prior years were generally limited to $10,000 annually.

Need a vacation from bookkeeping? Give us a call! - DWHFS Staff
05/28/2026

Need a vacation from bookkeeping? Give us a call! - DWHFS Staff

Never forget.
05/26/2026

Never forget.

Qualifying Dependents – Did You Know?In addition to your qualifying children and qualifying relatives, a number of other...
05/18/2026

Qualifying Dependents – Did You Know?

In addition to your qualifying children and qualifying relatives, a number of other individuals may qualify as your dependents for tax purposes. Important factors can include the person's income, the amount of support you provide, and how much of the year the person lives with you. Even a non-relative member of your household who lives with you year-round might be eligible as a dependent.

Follow DWHFS for weekly tax tips that help you avoid filing mistakes.

Questions about dependents? We’re happy to help - call (208) 938-0701 or email [email protected]

Health Savings Accounts - Did You Know?Changing jobs? If you have a health savings account (HSA), you can take it with y...
05/11/2026

Health Savings Accounts - Did You Know?

Changing jobs? If you have a health savings account (HSA), you can take it with you. Unlike flexible spending accounts (FSAs), which are employer-sponsored, your HSA belongs to you. You can continue using your HSA funds after leaving the job where you opened the account. However, you may make new HSA contributions only if you remain eligible to contribute. (Eligibility is month to month and requires HDHP coverage on the first day of the month for which contributions are made.)

To remain eligible, you must have an HSA-eligible high-deductible health plan (HDHP) and no disqualifying coverage. (You cannot be enrolled in Medicare for the months you contribute to your HSA, and you cannot contribute if you are claimed as a dependent on another person’s tax return.)

Our first partner in success is Mom, and today we honor her! Thank you to all mothers for being the steady guiding force...
05/10/2026

Our first partner in success is Mom, and today we honor her! Thank you to all mothers for being the steady guiding force that helps families thrive. Happy Mother’s Day! – DWHFS Staff

Receiving Online Payments - Did You Know?If you are self-employed, and receive payments through online payment processin...
05/04/2026

Receiving Online Payments - Did You Know?

If you are self-employed, and receive payments through online payment processing platforms, take care to separate business and personal transactions. You can do this by setting up separate business accounts on the platforms, or by using features that allow you to specify the purpose of payments. Otherwise, the platforms may over-report your income.

Address

3142 W Belltower
Meridian, ID
83646

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+12089380701

Website

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