Mike Bell Taxes

Mike Bell Taxes Mike Bell Taxes, Real Estate and Financial Services is here to help you with tax problems, real estate services and career planning. We are here to serve you.

Our objective is stated clearly in our mission statement. It is all about you. It's about you paying the lowest legal amount possible in taxes. It's about you keeping as much of your money as possible. It's about you stretching your hard earned dollars through flexible budgets. It's about you living the highest possible lifestyle you can afford to live by making sound money choices, key career cho

ices, and wise investment and savings choices. We provide all of that through our vast experience, our training, and expertise, and by keeping you current on matters that affect you directly. We encourage you to follow your passion in owning your own business and give you the tools to do it successfully.

06/04/2026

You pay for EVERYTHING!
Don’t ya just LOVE IT?

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.

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 need additional withholding or quarterly estimated tax payments.

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 and submit a new Form W-4 to your employer so your withholding reflects your current tax situation.

National 529 Day – Did You Know?If you put money into a 529 education savings plan, earnings may be withdrawn federal in...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If you put money into a 529 education savings plan, earnings may be withdrawn federal income tax-free when used for qualified education expenses.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.

05/29/2026

Concentrate on making more and more money and don’t focus on more dedications. DEDUCTIONS ARE OVERRATED.

05/28/2026

Concentrate on making more money because tax deductions only give you back a small percentage of the money you spend on them.

05/26/2026

This is a pilot I did for an upcoming series to raise awareness on how over taxed we’ve become as a nation and possible action we can take to get our financial freedoms back.

Qualifying Dependents – Did You Know?In addition to your children and parents, a number of other individuals may qualify...
05/18/2026

Qualifying Dependents – Did You Know?

In addition to your children and parents, a number of other individuals may qualify as your dependents for tax purposes. Important factors can include the person's income, how much support you provide, and how much of the year the person lives with you. In some limited cases, even a non-relative who lives with you year round as a member of your household may qualify as a dependent.

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 usually tied to your employer, 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. To remain eligible, you generally must be covered by an HSA-eligible high-deductible health plan (HDHP) and have no disqualifying coverage.

This pie is the $1 quadrillion (1,000,000,000,000,000) dollar US economy.  And the PROOF that we are all being over taxe...
05/08/2026

This pie is the $1 quadrillion (1,000,000,000,000,000) dollar US economy. And the PROOF that we are all being over taxed is that the small slice that represents all of us and all of our corporations are the only ones being taxed to support the whole world.

The rest of that pie doesn’t pay taxes. Those are billions of transactions that do not get taxed. If they were taxed the highest tax bracket would be 1/2 of 1% or .005.

On $100,000 income your Federal tax liability would be $500. Yes, that’s a period at the end of my argument.

Time to EXPAND THE TAX BASE IN AMERICA to include all bank transactions, NOT INCOME.

Receiving Online Payments - Did You Know?If you are self-employed and receive payments through online payment processing...
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 overreport your income.

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