Nixon & Nixon Legacy LLC

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Nixon & Nixon Legacy is currently hiring tax preparers no experience needed! We will train you!

10/21/2026

TEXAS BUSINESS OWNERS! LET ME PUT Y'ALL UP ON SOMETHING!

Now, I know everybody loves hearing the words TAX RELIEF, but before you get too excited, you better understand what that relief actually means!

The IRS announced temporary penalty relief involving dyed diesel fuel, and Texas has temporarily relaxed certain restrictions on using that fuel on public highways.

But HOLD ON!

Just because they're giving you a break on certain penalties does NOT mean the fuel is tax-free!

Let me break it down.

If you're in trucking, construction, agriculture, or another business that uses diesel fuel, here's what you need to know.

• The federal penalty relief runs from October 1 through December 31, 2026.

• Texas has temporarily allowed certain highway uses of dyed diesel.

• That Texas diesel fuel tax? 20 cents per gallon on taxable highway use. STILL APPLIES!

• And yes, you still need to keep up with your fuel purchases and business records.

See, this is why I keep telling business owners that you can't just hear something on Facebook and run with it!

You have to understand the WHOLE situation.

Because the same government that gives you relief can still expect you to pay the taxes you legally owe!

And we are NOT about to be out here creating unnecessary tax problems over something we could've handled correctly the first time.

At Nixon & Nixon Legacy, we're about protecting your business, keeping your records straight, and making sure you understand what's going on with your taxes.

Tax season is coming, but your tax responsibilities don't wait until January!

10/19/2026

TAX TALK: YOUR TAX PREPARER SHOULD BE ASKING QUESTIONS!

And I'm going to tell you WHY!

The IRS just announced that Tax Professional Awareness Week begins October 19, 2026.

One of the big topics?

Making sure tax preparers properly verify certain tax credits and filing statuses BEFORE submitting returns.

Now, let me explain something.

If your tax preparer asks you questions about your children, income, living arrangements, education expenses, or business records, don't automatically assume they're being difficult!

In many situations, those questions are part of their legal responsibilities.

Here's what you need to know.

The IRS has special due diligence requirements involving:

• Earned Income Tax Credit (EITC)

• Child Tax Credit (CTC)

• American Opportunity Tax Credit (AOTC)

• Head of Household filing status

• Additional Child Tax Credit and Credit for Other Dependents

Paid tax preparers must follow IRS requirements when determining eligibility for these benefits.

And PLEASE understand something!

Just because you claimed a child last year does NOT automatically mean you qualify to claim that child this year.

Just because somebody else received a certain refund amount does NOT mean you're entitled to the same amount.

And just because somebody promises you a big refund doesn't mean the return is being prepared correctly!

Every tax situation is different.

At Nixon & Nixon Legacy, we believe in asking the right questions, reviewing the information provided, and helping clients understand their tax situation.

We're preparing for the upcoming filing season, and we want our clients prepared too!

Start gathering your income documents, dependent information, education records, and business records when applicable.

Because we're not guessing when it comes to your taxes!

Questions about getting tax-ready?

Message Nixon & Nixon Legacy.

Tax Preparation | Tax Planning | Bookkeeping | More

10/17/2026

TAX TALK: THE IRS IS ISSUING AUTOMATIC REFUNDS!

And this time, we're talking about the Adoption Tax Credit!

The IRS just announced that it has started issuing refunds affecting more than 50,000 taxpayers.

YES, you read that correctly!

Some adoptive families may be receiving additional money because of unused Adoption Tax Credits from previous years.

Here's what you need to know.

On October 16, 2026, the IRS announced that certain unused Adoption Tax Credits from 2020 through 2024 may now increase the refundable portion of the credit for tax year 2025.

But PAY ATTENTION!

This special adjustment applies to the 2025 tax year ONLY.

Here's the breakdown:

• The IRS is automatically reviewing certain eligible 2025 tax accounts.

• Some taxpayers may receive an additional refund without filing an amended return.

• The refundable portion is limited to $5,000 per qualifying child, subject to eligibility requirements.

• Not everybody who adopted a child will qualify.

• The IRS expects most eligible adjustments to be completed by the end of 2026.

And here's something IMPORTANT.

If your account qualifies for this automatic adjustment, the IRS says you generally do NOT need to file an amended return just to receive it.

The IRS will send a notice explaining any adjustment.

Keep that notice with your tax records!

And PLEASE don't assume everybody is getting $5,000.

Your actual refund could be smaller, and some adjustments may reduce taxes owed instead of producing a refund.

At Nixon & Nixon Legacy, we believe taxpayers should understand the credits they're entitled to.

Because leaving money on the table is NOT the goal!

Did you adopt a child or claim an Adoption Tax Credit in a previous year?

Message Nixon & Nixon Legacy with the word ADOPTION.

Tax Preparation | Tax Planning | Bookkeeping | More

10/16/2026

TAX TALK: DO YOU HAVE MARKETPLACE HEALTH INSURANCE?

If you receive help paying for your health insurance through the Marketplace, I need you to pay attention!

The IRS and Treasury just announced proposed changes involving the Premium Tax Credit.

And YES, this is something taxpayers need to understand!

Here's what's happening.

On October 14, 2026, the IRS announced proposed regulations addressing who qualifies for the Premium Tax Credit and how eligibility is verified.

The Premium Tax Credit helps eligible taxpayers pay for health insurance purchased through the Health Insurance Marketplace.

But here's what I really need y'all to understand.

YOUR HEALTH INSURANCE AND YOUR TAX RETURN ARE CONNECTED!

Here's what you need to know:

• If you receive advance Premium Tax Credit payments, you generally must reconcile those payments when filing your federal tax return.

• Form 1095-A provides important information about your Marketplace coverage.

• Form 8962 is used to calculate and reconcile your Premium Tax Credit.

• Changes in household income or family size can affect the amount of credit you're eligible to receive.

• The newly announced IRS regulations are PROPOSED. They are not all final requirements.

And PLEASE don't assume that because your insurance premium is low, everything is automatically correct when tax season arrives!

Keep your Marketplace information updated.

Save your tax documents.

And make sure you understand how advance credit payments can affect your refund or balance due.

At Nixon & Nixon Legacy, we believe in educating taxpayers BEFORE filing season.

Because surprises belong at birthday parties, NOT on your tax return!

Tax Preparation | Tax Planning | Bookkeeping | More

Source: IRS News Release IR-2026-121

10/14/2026

TAX TALK: OWE THE IRS? PLEASE READ THIS!

Just because you owe the IRS money does NOT mean you have no options!

The IRS recently reminded taxpayers about something EVERYBODY should understand.

YOU HAVE RIGHTS!

The IRS Taxpayer Bill of Rights includes the right to a fair and just tax system.

And here's what that means for you.

• You may qualify for an IRS payment plan if you cannot pay your tax bill in full.

• You may qualify for assistance from the Taxpayer Advocate Service if you're experiencing financial hardship or certain unresolved IRS problems.

• Some taxpayers may qualify for an Offer in Compromise, which allows eligible taxpayers to settle certain tax debts for less than the full amount owed.

• The IRS must follow legal limits when collecting unpaid taxes.

• Your financial circumstances may matter when the IRS evaluates certain collection options.

Now, PLEASE understand something.

An Offer in Compromise is NOT automatic.

And just because somebody promises they can settle your IRS debt for pennies on the dollar does NOT mean you qualify!

Every situation is different.

If you receive an IRS notice, don't throw it away.

Read it, check the deadline, and find out what options may be available.

At Nixon & Nixon Legacy, we believe taxpayers should understand their rights AND their responsibilities.

Tax Preparation | Tax Planning | Bookkeeping | More

Questions about getting tax-ready or understanding an IRS notice?

Message Nixon & Nixon Legacy.

Source: IRS Tax Tip 2026-73, October 7, 2026.

10/13/2026

TAX TALK: WORKED OVERTIME IN 2026?

When you receive your 2026 W-2 in 2027, pay attention to Box 12, Code TT.

This is where employers report qualified overtime compensation under the new reporting requirements.

But here's what you need to understand: Not all overtime pay qualifies for the deduction.

Eligible taxpayers may qualify for a deduction of up to $12,500, or $25,000 for married couples filing jointly. Income limits and other requirements apply.

Keep your pay stubs, review your W-2, and don't assume every overtime dollar is tax-free.

Nixon & Nixon Legacy is here to help you understand your tax situation before you file.

Questions? Message Nixon & Nixon Legacy.

10/11/2026

🚨 TAX TALK: THERE’S A NEW K–12 SCHOLARSHIP TAX CREDIT COMING IN 2027

The IRS and Treasury recently released proposed rules for a new federal tax credit that may be worth up to $1,700 for eligible taxpayers who make qualifying CASH contributions to approved scholarship-granting organizations.

And yes, TEXAS has elected to participate.

Here’s what you need to know:

• The program begins January 1, 2027.
• The credit is for qualifying cash donations only.
• It is a NONREFUNDABLE federal tax credit, which means it may reduce taxes owed, but it does not automatically create a refund.
• Not every donation will qualify.
• This is NOT a credit for 2026 tax returns.
• The IRS rules released October 1 are proposed, so some implementation details may still change.

And listen — just because you have a child in school does NOT mean you automatically qualify.

This is a credit tied to eligible donations.

At Nixon & Nixon Legacy, we believe in helping taxpayers understand the rules before filing season gets here.

Questions about how this new credit may work?

Message Nixon & Nixon Legacy.

10/06/2026

October 15th is coming fast..lets finish out this year and get these returns done!!

02/03/2026

If you didn’t pay an upfront filing fee, just know we’re working now and getting paid later (often 45-60 days). And if the government shuts down, IRS processing and response times can slow down even more. Please be patient - we’re not ignoring you, we’re working to get your return filed correctly and accepted.

01/13/2026

Tax Filing Reminder for Parents & Guardians

If you’re claiming credits for a child, the IRS requires your tax preparer to ask questions and document proof about:

Who the child lived with
Support provided
School or medical records
Relationship and residency
This is called Due Diligence.

It’s not personal. It’s not optional.
It helps protect your refund and avoid IRS delays or letters.
Please provide accurate information and requested documents so your return can be filed correctly the first time.

Educational purposes only.

Address

Spring, TX
77373

Telephone

+18326740008

Website

http://nixonnixonlegacyllc.com/

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Vernier & Associates, PLLC
2441 High Timbers Drive, Ste 110, The Woodlands

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