Mike Ornelas, EA - Sacramento Tax Resolution

06/10/2026

𝘾𝙤𝙪𝙡𝙙 𝙨𝙢𝙖𝙡𝙡 𝙧𝙚𝙘𝙤𝙧𝙙𝙠𝙚𝙚𝙥𝙞𝙣𝙜 𝙢𝙞𝙨𝙩𝙖𝙠𝙚𝙨 𝙥𝙪𝙩 𝙢𝙮 𝙣𝙤𝙣𝙥𝙧𝙤𝙛𝙞𝙩 𝙖𝙩 𝙧𝙞𝙨𝙠?

Yes, the IRS wants to see that nonprofit funds are being used for the organization’s tax-exempt mission, not for private benefit.

That means the records need to clearly show:
• What money came in
• Where it went
• Whether restricted funds were used as promised
• Whether expenses were tied to the mission
• Whether Form 990 matches the actual activity

A nonprofit audit doesn’t always start with fraud. Sometimes it starts with records that look incomplete, inconsistent, or hard to explain.

If your organization’s records feel messy, reach out before it turns into a bigger issue.

06/09/2026

Entrepreneurship is a big thing in our economy right now, especially with the major influx of content creators over the past few years.

But being an entrepreneur doesn't mean you need to wait for a big “aha” moment to start a successful business.

Sometimes a business idea simply comes from paying attention, asking better questions, and finding a need to fill.

Want help processing your business idea? Let's talk it out in the comments.

https://www.inc.com/yuvaltal/you-dont-need-a-eureka-moment-to-start-a-company/91285000

06/08/2026

𝙄𝙛 𝙄'𝙢 𝙗𝙚𝙝𝙞𝙣𝙙 𝙤𝙣 𝙥𝙖𝙮𝙞𝙣𝙜 𝙩𝙖𝙭𝙚𝙨, 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙛𝙤𝙘𝙪𝙨 𝙤𝙣 𝙥𝙖𝙮𝙞𝙣𝙜 𝙢𝙮 𝙥𝙧𝙚𝙫𝙞𝙤𝙪𝙨 𝙮𝙚𝙖𝙧'𝙨 𝙗𝙖𝙡𝙖𝙣𝙘𝙚 𝙛𝙞𝙧𝙨𝙩?

If every available dollar in your business is going toward a previous year's tax balance, but it makes you struggle to pay this year’s estimated payments, your debt will snowball.

And getting behind like that will make it harder to get approved for a payment plan or keep the one you already have. The IRS really likes you to stay on top of current requirements while also taking care of past due ones.

So, before you put all of your emphasis on tackling old balances, figure out what you need to set aside for the current year first.

Look at:
• Profit/income from the current year
• Federal tax you've already paid
• Estimated payments you've already made
• State estimated tax requirements
• An estimate of income you expect for the rest of the year

Those details will help you get a clearer picture of where your current obligation sits, so that you can know what amount and payment plan makes sense for the previous year's debt.

That can be overwhelming, so if you'd like some professional guidance (or handling), DM us to start that conversation.

06/05/2026

A few of the biggest tax debt traps new business owners fall into:
• Setting up the wrong business structure
• Not paying the employer part of taxes
• Missing estimated tax payments

If you're going to start a business, make sure we get a talk scheduled so you can stay out of trouble.

Not all startups require a lot of capital to launch. These small-business ideas come with minimal startup costs.

06/04/2026

𝙒𝙝𝙖𝙩 𝙙𝙤 𝙄 𝙙𝙤 𝙞𝙛 𝙄'𝙢 𝙗𝙚𝙝𝙞𝙣𝙙 𝙤𝙣 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙮 𝙚𝙨𝙩𝙞𝙢𝙖𝙩𝙚𝙙 𝙩𝙖𝙭 𝙥𝙖𝙮𝙢𝙚𝙣𝙩𝙨?
Your first step you want to take even before making a payment or setting up a payment plan is to get the full picture of your situation. To do that, you'll need to gather the following:

• IRS notices
• State notices
• Prior-year tax returns
• Proof of estimated payments
• W-2 withholding records
• Any payment plan paperwork you already have

This will help you figure out what you really owe, for which years those payments are owed, and whether you have accumulated penalties and interest as part of your balance.

If you'd rather have an experienced tax specialist look at this for you, that's where we come in. Comment 𝗧𝗔𝗫 𝗛𝗘𝗟𝗣 below if you want to set up a time to talk this one out and get a plan of action for moving forward.

06/03/2026

𝙒𝙝𝙮 𝙙𝙞𝙙 𝙢𝙞𝙨𝙨𝙞𝙣𝙜 𝙚𝙨𝙩𝙞𝙢𝙖𝙩𝙚𝙙 𝙩𝙖𝙭 𝙥𝙖𝙮𝙢𝙚𝙣𝙩𝙨 𝙩𝙪𝙧𝙣 𝙞𝙣𝙩𝙤 𝙖 𝙗𝙞𝙜𝙜𝙚𝙧 𝙄𝙍𝙎 𝙥𝙧𝙤𝙗𝙡𝙚𝙢 𝙛𝙤𝙧 𝙢𝙮 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨?

Because the IRS problem didn’t stop with the old balance.

If your business missed estimated payments this year while you were trying to catch up on last year’s tax debt, you may now have two problems at once:
1. An old balance that’s still collecting penalty and interest
2. A new balance building for the current year

Before you decide what to pay first, you need to know:
• Which tax years have balances
• Whether each balance is federal, state, or both
• How much is tax versus penalty and interest
• Whether payments were credited to the right year
• Whether this year’s estimates are already falling short

Those numbers tell you what you’re actually trying to fix.

Then you can build a payment plan that deals with the old debt without creating a new one.

If you want help setting up a payment plan, send us a DM so we can work with you.

06/02/2026

𝙒𝙝𝙖𝙩 𝙝𝙖𝙥𝙥𝙚𝙣𝙨 𝙞𝙛 𝙮𝙤𝙪 𝙥𝙖𝙮 𝙦𝙪𝙖𝙧𝙩𝙚𝙧𝙡𝙮 𝙩𝙖𝙭𝙚𝙨 𝙡𝙖𝙩𝙚?

If you miss a quarterly estimated tax payment, the IRS treats it as an underpayment. Meaning you may owe an added charge for paying late, plus interest that keeps building until the amount is paid.

So no, one missed estimated payment doesn’t mean the IRS is going to send you a notice, but they do start to keep track.

Quarterly tax payments may apply when you have income that isn’t covered through regular withholding, such as self-employment income, investment income, rental income, retirement income, or passthrough income.

If you missed an estimated payment, don’t ignore it until it's time to file your taxes. Paying late before the tax deadline will still be better than waiting until you file.

06/01/2026

𝙃𝙤𝙬 𝙙𝙤 𝙮𝙤𝙪 𝙥𝙧𝙚𝙛𝙚𝙧 𝙩𝙤 𝙧𝙚𝙘𝙚𝙞𝙫𝙚 𝙛𝙚𝙚𝙙𝙗𝙖𝙘𝙠 𝙤𝙧 𝙧𝙚𝙘𝙤𝙜𝙣𝙞𝙩𝙞𝙤𝙣?

Some people appreciate a quick note. Others value a private conversation, a public shoutout, or clear next steps they can act on.

The same goes for recognition.

A simple “thank you” can mean a lot, but it means even more when it’s given in a way the other person actually receives well.

So here’s a good question to ask your team, your clients, or even yourself:

When someone wants to acknowledge your work, what feels most encouraging to you?

05/29/2026

𝙒𝙝𝙖𝙩 𝙨𝙝𝙤𝙪𝙡𝙙 𝙄 𝙙𝙤 𝙗𝙚𝙛𝙤𝙧𝙚 𝙛𝙞𝙡𝙞𝙣𝙜 𝙛𝙤𝙧 𝙗𝙖𝙣𝙠𝙧𝙪𝙥𝙩𝙘𝙮?

Before you file for bankruptcy, get your records together and look at the tax consequences. Start here:
1. Gather all tax records (recent tax returns, IRS transcripts, IRS or state notices, and any prior 1099-C forms, etc).
2. Review whether you may be insolvent (comparing what you owed with what you owned on the relevant date).
3. Review timing issues. This may include unfiled tax returns, recent tax debts, or creditor payments made before bankruptcy.

Last step...

Talk with us before you file. A bankruptcy filing can affect more than your debt. It can also affect what shows up on your tax return, and we can help you think through that part before the paperwork is submitted.

05/28/2026

𝘾𝙖𝙣 𝙢𝙮 𝙨𝙩𝙪𝙙𝙚𝙣𝙩 𝙡𝙤𝙖𝙣𝙨 𝙗𝙚 𝙙𝙞𝙨𝙘𝙝𝙖𝙧𝙜𝙚𝙙 𝙞𝙣 𝙗𝙖𝙣𝙠𝙧𝙪𝙥𝙩𝙘𝙮?

Yes, student loans can be discharged in bankruptcy, but it’s not automatic like credit card debt.

You have to prove that repaying the loans would create an undue hardship for you and your family.

For federal loans, your financial records may be reviewed before you ever go to trial. If the Department of Justice agrees that your situation meets the hardship standard, they can agree to the discharge.

Before filing, gather your records and know what kind of loans you have:
• Federal loans
• Private loans
• A mix of both

If you want to talk further about how discharged student loans affect your tax situation, comment "HELP" below.