Allegiant Tax Services

10/16/2026

Sports betting comes with IRS strings. Know them and plan accordingly.

As sports betting grows in popularity, the IRS is paying attention. Do you know how your winnings and losses are taxed?

10/16/2026

The mental load of grocery runs, doctor's appointments, and keeping everyone on top of homework is real, but it does not automatically qualify you to file as head of household.

The IRS has specific requirements for filing statuses, and they start with your marital status on the last day of the year. From there, head of household generally depends on things like whether you paid more than half the cost of keeping up your home and whether a qualifying person lived with you for more than half the year.

The reason this matters is that your filing status can meaningfully change your tax outcome, from your standard deduction to the rates that apply.

So when we ask what can feel like nosy questions, who lived with you, who paid for what, and what your relationship status was during the year, that is why. The details are what determine the correct status.

If you are not sure which filing status fits your situation, we can help. 727.312.6999

10/12/2026

You have probably heard that the United States has a pay-as-you-go tax system. Here is what that actually means for you.

When you are an employee, your employer withholds federal income tax from each paycheck, which generally satisfies the requirement to pay taxes as you earn, assuming your Form W-4 is filled out correctly.

When you are self-employed, that responsibility shifts to you, in the form of estimated taxes. These are paid roughly every quarter, and working out the right amount is one of the things we help clients figure out, so payments stay on track and underpayment charges stay off the table.

There is also a second piece to know about. Self-employed people are responsible for self-employment tax, which covers Social Security and Medicare that an employer would normally split with you.

These two responsibilities are a big part of why working with a qualified professional makes a difference once you go out on your own. The rules are manageable, but they are easy to miss when no one is withholding on your behalf.

If you have recently become self-employed and want to get ahead of this, we can help. 727.312.6999

10/09/2026

If you have review Trump Accounts...good. If not read these important tips.

If you have not looked into Trump accounts, do not put it off. Here are some tips.

10/09/2026

Ready to live a more balanced life as a business owner?

One of the easiest ways to literally buy back your time is to hire a bookkeeper! Not only are you going to quit stressing when tax season comes you'll be able to confidently make financial decisions all year round.

You didn't go in to business to be a bookkeeper but I did!

Click the link in the bio to learn how I can save you time + money when we work together.

10/07/2026

If you own an S corporation, this is worth knowing.

Among tax professionals, word is circulating from recent IRS conference sessions that the agency expects to begin using AI within the next 12 to 18 months to identify S corporations where owners take distributions without running payroll. Details are still emerging, but the direction is consistent with what we have seen for years.

Why it matters: when an S corp owner actively works in the business, the IRS expects that owner to receive a reasonable salary through payroll before taking distributions. Because distributions are not subject to payroll taxes, paying yourself only through distributions is a pattern the IRS has long paid attention to.

Reasonable compensation is not a new area of focus. It has been on the IRS radar for several years, and it is something we regularly review with our S corp clients. What appears to be changing is the scale. Automated review could make it easier to spot returns that show distributions with little or no wages.

A few questions worth asking now:
Are you running payroll for yourself?
Is your salary in line with what someone in your role would typically earn?
Is the way you set your compensation documented?

There is no single formula for reasonable compensation, and the right answer depends on your role, your industry, and your business. If you would like help reviewing your setup, we are glad to talk it through. 727.312.6999

10/07/2026

Now is the time to visit your tax obligation. Here are some areas worth your attention.

Fall is now upon us meaning there are only three months left to consider making smart moves to manage your tax obligation. With this in mind, why not review the tips included here to see if there is an area or two worthy of your attention. Plus consider a deeper dive into the long held idea of creat...

10/05/2026

Remember extending your taxes back in the spring and deciding to deal with them later? Later is officially here.

October 15 is the final deadline to file an extended individual return, and it tends to arrive faster than expected. If you filed an extension with us, now is the time to wrap up the last few steps so we can get your return filed with room to spare.

Three things move it across the finish line:

→ Upload any tax documents still outstanding
→ Reply to any open questions waiting in your inbox from us
→ Sign your e-file authorization once your return is ready

Getting these in early gives us time to review everything properly, rather than racing the deadline.

If you have questions about your extended return or what is still needed, we can help. 727.312.6999

10/02/2026

Here are key happenings and announcements from the IRS that you should understand.

Here are recent changes as announced by the IRS that will impact most of us.

10/02/2026

If you filed a joint return, expected a solid refund, and then watched part of it go toward a debt that was not yours, "injured spouse" is probably what your search results turned up.

Here is what that means. When a joint refund is applied to certain debts that belong to only one spouse, the other spouse may be able to recover their share. Those debts typically include things like past-due child support or certain federal or state tax debt.

Injured spouse relief is the process for getting back your portion of the refund. If part of the refund traces to your income, your withholding, your estimated payments, or refundable credits you qualify for, you may be able to request that share using Form 8379.

It is worth knowing this exists, because many people assume the whole refund is simply gone. Often, part of it can be recovered.

If you think this situation applies to you, we can help you sort out your options. 727.312.6999