deadline - Linkenheimer LLP CPAs & Advisors

April 15 is the Deadline for More Than Just Your Income Tax Return

You know your 2025 federal income tax return is due April 15, 2026. But do you know what else has an April 15 deadline? If you don’t, you could miss out on valuable tax-saving opportunities or become subject to interest and even penalties.

Making 2025 contributions to an IRA

It may be 2026, but you can still make a 2025 contribution to a traditional or Roth IRA until April 15. For 2025, eligible taxpayers can contribute up to $7,000 ($8,000 if they’re age 50 or older). The limit applies to traditional and Roth IRAs on a combined basis.

If you contribute to a traditional IRA, you may be able to deduct the amount on your 2025 income tax return. But if you (or your spouse, if applicable) participate in a work-based retirement plan such as a 401(k) and your income exceeds certain limits, your deduction will be subject to a phaseout.

Roth contributions aren’t tax-deductible, but qualified distributions will be tax-free. Roth contributions are subject to an income-based phaseout, whether or not you (or your spouse) participate in a 401(k) or similar plan. If your Roth IRA contribution is partially or fully phased out, you can […]

By Linkenheimer LLP|2026-03-10T15:32:59+00:00March 10th, 2026|deadline, tax deadlines|0 Comments

Welcome to Tax Season 2026 – Let’s Get Started!

It’s that time of year again! Tax season is officially underway, and we’re ready to make this as smooth and stress-free as possible for you.

Your organizers and engagement letters are on their way. If you don’t receive yours within the next week or two, please give us a call—we want to make sure nothing gets lost in the shuffle.

Key Deadlines to Keep in Mind

To ensure we have enough time to prepare your returns (or file extensions if needed), please have your tax documents to us by:

February 2, 2026 – Business entities
March 1, 2026 – Individual returns, trusts, C-corps

These cutoffs give us the runway we need to review everything carefully and reach out with any questions before filing deadlines hit.

What You Can Do Now

Start gathering your documents. W-2s, 1099s, mortgage interest statements, charitable contribution receipts, investment summaries—the usual suspects. If you’re not sure what we need, your organizer will have a checklist.

Upload securely through your client portal. This is the fastest, safest way to get documents to us. If […]

By Linkenheimer LLP|2026-01-19T15:53:19+00:00January 19th, 2026|deadline, tax planning|0 Comments

Individual Q4 Estimated Tax Payment Reminder: January 15, 2026 Deadline

If you make quarterly estimated tax payments, mark your calendar: the final due date is January 15, 2026, which applies to income earned in the fourth quarter of 2025. This applies to self-employment income, investment earnings, rental income, capital gains, and any other income not subject to regular withholding. Year-end surprises like bonuses, stock dividends, or crypto gains may also require a payment.

Don’t forget about state estimated taxes. Most states that impose income tax also require quarterly estimated payments, and many follow the same January 15 deadline as the IRS—but not all. Check your state’s requirements to avoid unexpected penalties when you file.

The IRS strongly encourages electronic payment. You may pay online using IRS Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or by using a credit card, debit card, or digital wallet. (Internal Revenue Service) These options give you instant confirmation and eliminate mail delays. Missing this deadline can trigger underpayment penalties when you file your 2025 return.

Questions about what you owe or whether you need to make a payment? Give us a call before year-end so we can help you […]

By Linkenheimer LLP|2025-12-03T21:17:59+00:00December 3rd, 2025|deadline, estimated tax payments|0 Comments

The 2024 Gift Tax Return Deadline is Coming Up Soon

If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2024 gift tax return. And in some cases, even if it’s not required to file one, you may want to do so anyway.

Requirements to file

The annual gift tax exclusion was $18,000 in 2024 (increased to $19,000 in 2025). Generally, you must file a gift tax return for 2024 if, during the tax year, you made gifts:

That exceeded the $18,000-per-recipient gift tax annual exclusion for 2024 (other than to your U.S. citizen spouse),
That you wish to split with your spouse to take advantage of your combined $36,000 annual exclusion for 2024,
That exceeded the $185,000 annual exclusion in 2024 for gifts to a noncitizen spouse,
To a Section 529 college savings plan and wish to accelerate up to five years’ worth of annual exclusions ($90,000) into 2024,
Of future interests — such as remainder interests in a trust — regardless of the amounts, or
Of jointly held or community property.

Important: You’ll owe gift tax only if an exclusion doesn’t apply and you’ve used up your lifetime gift and […]

By Linkenheimer LLP|2025-03-10T15:46:04+00:00March 10th, 2025|deadline, gift tax|0 Comments

BOI Reporting Update: What You Need to Know

As of now, businesses are not required to file Beneficial Ownership Information (BOI) reports, following recent legal and legislative developments. Here’s what you need to know:

Current Status of BOI Reporting

According to an alert posted on FinCEN’s BOI reporting webpage, BOI reporting remains voluntary despite the U.S. Supreme Court’s recent decision to stay the preliminary injunction issued in Texas Top Cop Shop Inc. v. McHenry (U.S. Supreme Court, Case No. 24A653, January 23, 2025). This decision temporarily lifted one of the blocks against BOI reporting requirements.

However, another nationwide injunction issued in Smith v. U.S. Department of Treasury (U.S. Dist. Court, Eastern Dist. of Texas, Case No. 6:24-CV-336, January 7, 2025) still prevents the enforcement of BOI reporting rules. Notably, the Department of Justice has not yet appealed the decision in Smith, and it remains unclear if the new administration will pursue an appeal.

Legislative Efforts to Repeal BOI Requirements

In addition to the ongoing legal battles, two bills (H.R. 425 and S. 100) have been introduced in Congress aiming to repeal the Corporate Transparency Act, the legislation that created the BOI reporting mandate. These bills could significantly impact the future of BOI reporting […]

By Linkenheimer LLP|2025-01-28T15:05:07+00:00January 28th, 2025|deadline, filing deadline, New Tax Laws|0 Comments