MCT Accounting & Tax Services

24/03/2026

www.mctaccounting.com

17/03/2026

05/03/2026

Many people believe something like this:

“If I earn more money, I’ll jump into a higher tax bracket and pay that higher rate on all my income.”

That’s not how the system works.
In the U.S., income is taxed in layers, not at one single rate.

Example (simplified):
If someone earns $70,000, their income may be taxed like this:
• The first portion at 10%
• The next portion at 12%
• The remaining portion at 22%
Only the income inside each bracket is taxed at that rate.

Why This Matters
Understanding tax brackets can help you make smarter decisions about:
✔ Income planning
✔ Retirement withdrawals
✔ Investment strategies
✔ Estimated tax payments
✔ Business profit management
✔ Timing bonuses or distributions
For business owners and self-employed professionals, this knowledge can make a real difference in how much tax you ultimately pay.

Business Owners: Pay Attention
Your tax bracket can influence decisions like:
• Electing S-Corporation status
• When to take owner distributions
• When to purchase equipment
• Retirement contributions
• Whether to defer or accelerate income
Without proper planning, growing your business income could unintentionally move you into a higher bracket.

Common Mistakes We See
• Misunderstanding marginal tax rates
• Not adjusting withholding after income increases
• Underestimating taxes on 1099 income
• Ignoring quarterly estimated payments
• Failing to plan for business profit growth
These mistakes often lead to unexpected tax bills.

Smart tax planning changes the outcome.
With the right strategy, taxpayers may legally reduce their tax burden through:
• Retirement contributions
• Business deductions
• Income timing strategies
• Entity structure planning

💥 Tax planning today can prevent tax problems tomorrow.

27/02/2026

Gym time!

27/02/2026

Seguimos preparandonos. Mariatainea

26/02/2026

IRS Update on Reporting Tax Fraud

The IRS has officially launched a new online portal where individuals can report suspected tax fraud. This is a major upgrade from the old process, which required filling out paperwork and mailing it in.
With the new system, information can be submitted quickly and securely online. It also helps the IRS connect related complaints, especially when multiple people have been impacted by the same scam. By grouping cases together, investigators can see the bigger picture and respond more effectively.
This change has been a long time coming. Many leaders within IRS Criminal Investigation had hoped to modernize this process, and it’s great to finally see it happen.
This is very positive news for anyone affected by tax fraud.

https://www.irs.gov/help/report-fraud

25/02/2026

Missing a payment can put your Installment Agreement into default. And once that happens, the shield you had from enforced collection can disappear. Levies become possible again. Notices come faster. Your negotiating power gets thinner.

If you see it coming, act before it snowballs.

1. Don’t go silent.
Avoiding the issue only makes it worse. When you stop communicating, the IRS assumes the agreement no longer reflects your true ability to pay.
2. Revisit your numbers immediately.
Was the payment amount unrealistic from day one? Has your income dropped or expenses increased? Is this a short-term cash flow dip or a deeper financial shift? Get clear on the facts.
3. Stay compliant with current taxes.
File on time. Pay what you can toward new balances. Falling behind on current obligations makes it much harder to modify an existing agreement.
3. Know this: you can request a modification.
Installment Agreements are not set in stone. If your financial situation changes, you can ask for an adjustment. The IRS will consider a revised payment when the updated financials justify it.
But the key is strategy.
Don’t just call and say, “I need a lower payment.”
Come prepared with updated income, expenses, and a clear financial analysis that supports the change.
Most people misunderstand this part:
A default isn’t just a missed payment. It’s a shift in leverage.
Handled early and properly, it can be corrected.
Ignored, it becomes expensive.

Here’s what many people overlook:

A default doesn’t mean you failed.
It usually means the payment amount didn’t align with your real financial situation.
When you try to maintain a payment that isn’t truly affordable, you often set yourself up for another default. But when you adjust the agreement using accurate, updated financial information, you regain stability and control.
Bottom line:
If your Installment Agreement isn’t working anymore, don’t wait for the IRS to take action.
Reevaluate your numbers, stay current on your tax obligations, and request a modification before the IRS makes changes for you.

23/02/2026

Do you know the difference between a superseaded and an amended return?
Here it is:

A superseding return is basically a do-over that you file before the deadline is up. If you submitted your original return and then realize you need to make changes, you can file another complete return on time. That new return replaces the first one, and it’s treated as if it were the original filing from the start.

An amended return is different. It’s filed after the deadline, including any extensions, has already passed. Instead of replacing the original return entirely, it updates or corrects what was previously reported. Once the amended return is processed, the IRS treats that updated version as the official return on file.
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Call us 561-460-9694

We are here to help you

09/02/2026

IRS announces tax relief for taxpayers impacted by severe storms and flooding in the State of Montana; various deadlines postponed to May 1, 2026

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27/01/2026

FS-2026-01, January 2026 — This Fact Sheet provides answers to frequently asked questions about the new deduction for qualified overtime compensation, such as who may be eligible to claim the deduction, including federal employees, and where to find supplemental information on eligibility and othe...

20/01/2026

IMPORTANTE ACTUALIZACIÓN – CHILD TAX CREDIT (2025)
Con la nueva OBB3 Act 2025, hay un cambio clave que no puedes ignorar 👇
👶 Para reclamar el Child Tax Credit:
El niño y al menos uno de los padres deben tener un SSN válido
El SSN debe ser válido para empleo
El SSN debe haberse emitido antes de la fecha límite del tax return, incluso si hay extensión
⚠️ Ojo con esto:
Si se omite el SSN, el IRS lo tratará como un error matemático o clerical y puede ajustar la declaración automáticamente, sin enviar un aviso previo de deficiencia.
📅 ¿Desde cuándo aplica?
👉 Para años fiscales que comienzan después del 31 de diciembre de 2024
💡 Moraleja: un pequeño detalle puede costarte un crédito grande.
Antes de filing, revisa bien los SSN.
📩 ¿Dudas? Escríbeme y lo revisamos juntos.