Arbuckle Phayer Accounting Group, LLC

10/17/2025

New tax deduction limit could present a planning opportunity.

With recent law changes, itemizing your deductions may now make sense once again.

10/10/2025

Fair market value is often one of the IRS's go-to items when auditing you. Here is what you need to know.

Determining the value of items on your tax return is always open to interpretation. You do not want that to happen to you during an audit, as it can lead to additional taxes and penalties. Here are some tips to help defend your Fair Market Value (FMV) determinations.

10/03/2025

Get tip income or know someone who does? Read this NOW!

Now is the time to review the preliminary list of approved tax-free tip occupations. If your job is not included, you must register your suggestion in the next few weeks.

09/26/2025

When in doubt, ask for tax help. Here is when you should do this.

All too often taxpayers take action that will cost them dearly when they file their tax return. With a little planning, however, the IRS can still receive its fair share but not a dollar more. Here's what you need to know.

09/19/2025

Sometimes there is interest income even when you don't think there is.

The IRS often sees the transfer of funds as a loan, whether there is a loan agreement or not. This also means there is an implied term and interest payment. When the IRS says a transaction is a loan, what interest rate do they use? Enter AFRs. Here is what you need to know.

09/12/2025

Here's how to make sense out of the America Opportunity Credit vs the Lifetime Learning Credit and the Student loan interest deduction.

The cost of a higher education is going through the roof. To make matters more complicated the tax code has numerous provisions to help offset educational expenses. But there are so many...here are some ideas to help you get the biggest tax break.

09/05/2025

Reminder: 3Q estimated taxes are due Monday, September 15. Here are some things to consider.

If you have not already done so, please plan to make your third quarter estimated tax payment. The due date is Monday, September 15th.

08/29/2025

How you treat investment losses can turn an investment loser into a tax winner. Read on...

Effectively using your investment losses can make a big impact in your taxable income. Why? These losses could offset income that is barely taxed, or it could offset income taxed at 37% or higher! Here are some ideas to make those losers into winners on your tax return.

08/22/2025

The One Big Beautiful Bill Act (OBBBA) makes a number of changes impacting the business landscape. Here are some tips.

Recent law changes require a new look for your business. Here are some tips.

08/15/2025

The OBBBA of 2025 makes overtime tax-free. But the devil is in the details. Here are some tips.

08/08/2025

Give your child a jump-start on retirement. Open a Roth IRA as soon as they start earning money to take advantage of compound interest and favorable tax treatment.

Want to give your child or grandchild a jump-start on their retirement? Here's a tip that will help them learn the value of investing and maximize the tax benefits.

08/01/2025

Ouch! Government overspending is reported each year in our 1040 IRS instruction booklet. Here's what it looks like for the most recent fiscal year for which info is available. It doesn't look good!

As taxpayers, it makes sense to understand how our government spends our money. Here are the most recent inflows and outflows as reported by the IRS in this year's 1040 instruction booklet.