CMM Financial Consultants

08/13/2026

💰 Social Security & Taxes: Know Before Tax Filing Season!

This is important information to know—and act on now. Every tax filing season, it is painful to see my clients who are retirees surprised by a tax bill because they have other taxable income that pushes their combined income above the applicable Social Security thresholds, making a portion of their Social Security benefits taxable.

Social Security benefits generally aren’t automatically subject to federal income tax withholding. However, Form W-4V allows you to request federal tax withholding directly from your Social Security payments.

For 2026, you can choose 7%, 10%, 12%, or 22% withholding. The percentage applies to your gross Social Security benefit, not simply the portion that becomes taxable.

👉 Don’t wait until tax filing season to find out you owe. If you receive Social Security along with wages, a pension, retirement distributions, or other taxable income, it’s important to review your projected tax liability and determine whether voluntary withholding makes sense for you.

📌 Tax planning today can help prevent an unpleasant surprise tomorrow.

At CMM Financial Consultants, we believe retirement income should be planned—not guessed.

04/23/2026

CMM shows you the numbers!!! This is the outcome when clients follow our expert strategy.
Taxation is all about balancing assets and liabilities, deductions, credits, and deciphering the tax codes unique to your situation. 💸👍

04/14/2026

It’s Monday, and we have 2 more days until the tax deadline!

The IRS doesn’t warn you twice—that’s why I’m sounding the alarm!

Tax deadlines will cost you thousands if you ignore them or stay non-compliant. If you haven’t filed your taxes for this season or still have past-due returns, don’t wait.

Connect with CMM Financial Consultants for the professional tax experience you or your business deserve.

02/20/2026

The markets are reacting sharply, and we’re experiencing significant volatility. We’re clearly in uncharted territory, with conditions unlike anything we’ve seen before. Risk levels are elevated, and uncertainty is driving us closer to a potential danger zone.

Traders reacted to the latest gross domestic product report, which badly missed estimates.

12/23/2025

How banks define a “large” check and why that matters?

To you, a large check might be a year-end bonus or the proceeds from selling a used 2021 Toyota RAV4. To your bank, “large” is defined by federal rules and internal risk models that decide how much of that money you can touch and when. Under Regulation CC, a deposit is treated as a Large item once it is greater than $6,725, and any amount over that threshold can be held longer than a routine paycheck. That is the first key dividing line: below it, your money usually moves on a standard schedule, above it, the bank has more leeway to slow things down.

There is a second, much bigger line that matters for government reporting. Under the Rules for Cash Deposit, $10,000 is the magic number that triggers a Currency Transaction Report to the IRS when you deposit Cash or checks. Banks are required to flag Banks Must Report Large Deposits, and those reports typically include your name, account number, and Social Security number. That does not mean you did anything wrong, but it does mean very big checks live in a different regulatory world than a standard paycheck.

What happens the moment you deposit a large check
Once you hand over a sizable check at a branch, ATM, or through mobile deposit, the bank’s first move is to accept it “for collection,” not to treat it as cleared cash. Behind the scenes, the institution starts verifying that the account on the other end exists, that it has enough money, and that the check is not obviously altered or counterfeit. As one detailed explanation of What Actually Happens When You Deposit a Large Check makes clear, the bank is essentially checking three basic things: that the routing and account numbers are valid, that the signature and amount look consistent, and that there is no obvious red flag in the transaction history.

12/08/2025

As we celebrate this festive season, many Financial and Tax Professionals — including CMM Financial Consultants — are working diligently to understand the latest tax laws and policy changes. The updates included in the Big Beautiful Bill (BBB) may offer valuable benefits depending on your tax bracket and filing status.

Based on our early analysis, the BBB includes several positive changes that could provide short-term advantages before they begin to phase out. This is exactly why partnering with a knowledgeable tax professional is essential. Strategic tax planning and careful identification of deductions can potentially save you thousands of dollars and ensure nothing is overlooked.

CMM Financial Consultants is here to help you navigate these changes with confidence and clarity.

10/10/2025

https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill

IR-2025-103, Oct. 9, 2025 — The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2025-32 provides details about these annual adjustments.

10/04/2025

I was encountering difficulties transferring and restoring files to my new Windows 11 Dell Tower.
Nevertheless, CMM Financial is now fully operational, IT upgraded, secured, and prepared for the last quarter of 2025, with tax season rapidly approaching. ✅️🏛📗

08/26/2025

Trump says he's firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Source: The Associated Press

WASHINGTON (AP) — President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, an unprecedented move that constitutes a sharp escalation in

08/08/2025

The IRS Federal Income Tax Return extension (Form 4868) expires in just 10 weeks—on October 15, 2025.

Now is the time to connect with your Registered Tax Professional to ensure you remain compliant.

At CMM Financial Consultants, I’m making sure our clients fully understand their options, the tax process, and their filing status. In other words… I’m hard at work in the Tax Lab!!