Thomas R. Daye & Associates CPAs, Inc.

30/03/2026

Friendly Reminder for Our Clients! Just a quick heads-up about the new post mark rules that are now in effect. To make sure your mail gets processed and delivered on time, we strongly recommend mailing your items as early as possible each day!
Why it matters:
Dropping off mail later in the day could result in a later postmark
This may affect processing times and delivery schedules
Mailing early helps everything go smoothly

We want all your mailings to arrive right when you need them! If you have any questions about the new rules or need help planning your mailing schedule, feel free to message us or give us a call. We're here to help! Thanks for being such great clients — we appreciate you!

23/04/2025

Are you having the right amount withheld from your pay?
Check here:

Check your W-4 tax withholding with the IRS Tax Withholding Estimator. See how your withholding affects your refund, paycheck or tax due.

15/04/2025

Be sure to send any money that is due and get those returns filed! HAPPY TAX DAY!

14/04/2025

TOMORROW!!!

14/04/2025

30/01/2025

My financial advisor sent out an email today which I thought that I should share as he is giving very sound advice. Thank you for allowing me to share this with our followers, Stewart from FlahertyColvin.

It seems that everyday investors are turning to financial influencers, or ‘fin-fluencers’ to learn how to manage their finances, but experts say that rooting out misinformation – and there is a lot of it – is challenging. Many social media content creators are branding themselves as money experts.

A growing number of them are facing accusations of promoting high-risk assets or simply sharing unqualified advice. One big problem is that regulations are not only unclear, but hard to enforce, especially across international borders. In the first half of 2023 the Federal Trade Commission fraud claims of nearly $350 million were related to false investment opportunities.

As one investor who lost everything commented, “Be careful who you are listening to.” Amen to that advice.

30/04/2024

If Biden is re-elected, you may want to adjust your Federal Withholding for next year. Biden has promised to allow the Trump Era tax cuts to expire next year. This will effect you in some way.

Here is a easy to understand article that may help:

President Trump created a sweeping tax overhaul, which rewards the wealthy and corporations the most, has fizzled among voters.

30/11/2023

04/10/2023

A FEMA national alert test will take over phones across the country Today.

The federal government will test its nationwide Emergency Alert System on Oct. 4 at 2:20 p.m., leading to cell phones receiving notifications at the same time across the country.

29/09/2023

OCTOBER 16 is coming up!
________________________________________
Oct. 16 tax filing extension deadline nears for millions of taxpayers
WASHINGTON — The Internal Revenue Service today reminded taxpayers about the upcoming tax filing extension deadline. To avoid a possible late filing penalty, those who requested an extension to file their 2022 tax return should file their Form 1040 on or before Monday, Oct. 16.
Disaster-area taxpayers in most of California and in parts of Alabama and Georgia also have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments.
Those with an IRS address of record in other areas covered by Federal Emergency Management Agency disaster declarations and those returning from a combat zone may have additional time to file. They include:
• Taxpayers affected by flooding in Illinois and Alaska. They have until Oct. 31, 2023, to file.
• Those affected by flooding in Vermont. They have until Nov. 15, 2023, to file.
• Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. 24, 2024, to file various individual and business tax returns. This list continues to be updated regularly. Taxpayers potentially affected by recent storms should visit the disaster relief page on IRS.gov for the latest information.
• Members of the military and others serving in a combat zone. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due.
IRS Free File and other online resources
IRS Free File is available through Oct. 16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software. It’s available to any person or family with an adjusted gross income (AGI) of $73,000 or less in 2022. Taxpayers can use IRS Free File to claim the Child Tax Credit, the Earned Income Tax Credit, and other important credits. IRS Free File Fillable Forms is available for taxpayers whose 2022 AGI was greater than $73,000 and are comfortable preparing their own tax return.
Taxpayers can get answers to many tax law questions by using the IRS's Interactive Tax Assistant tool. Additionally, taxpayers can view tax information in several languages by clicking on the "English" tab located on the IRS.gov home page.
The IRS Online Account feature provides information to help taxpayers file an accurate return including AGI amounts from last year’s return, estimated tax payment amounts and refunds applied as a credit.
Schedule and pay electronically
Taxpayers can file anytime and schedule their federal tax payments up to the Oct. 16 due date. They can pay online, by phone or with their mobile device and the IRS2Go app. Some other key points to keep in mind when filing and paying federal taxes electronically include:
• Convenience. Electronic payment options are easy and flexible. Taxpayers can pay when they file electronically using online tax software. Those who use a tax preparer should ask the preparer to make the tax payment through an electronic funds withdrawal from a bank account.
• IRS Direct Pay. This feature allows taxpayers to pay online directly from a checking or savings account for free and schedule payments up to 365 days in advance. An IRS Online Account is needed, however, to use IRS Direct Pay.
• Pay by card. Payments can be made with a credit card, debit card or a digital wallet option. These are available through a payment processor. The payment processor, not the IRS, charges a fee for this service.
• IRS2Go. The IRS2Go mobile app provides access to mobile-friendly payment options, including Direct Pay and debit or credit card payments.
• Electronic Federal Tax Payment System (EFTPS). Convenient, safe and easy, EFTPS allows for payments online or by phone using the EFTPS Voice Response System. EFTPS payments must be scheduled by 8 p.m. ET at least one calendar day before the tax due date.

21/03/2023

More and more people are filing their tax return just to discover that someone else already did and stole their refund. Please consider registering for a Pin to protect yourself from tax thieves.

Find out what an IRS-issued Identity Protection PIN is and how to get one if you are eligible.