TMTW # 486 Upcoming Tax Due Dates

July 15

Employers: Deposit Social Security, Medicare and withheld income taxes for June if the monthly deposit rule applies.

Employers: Deposit nonpayroll withheld income tax for June if the monthly deposit rule applies.

July 31

Employers: File a 2025 calendar-year retirement plan report (Form 5500 or Form 5500-EZ) or request an extension.

Employers: Report Social Security and Medicare taxes and income tax withholding for the second quarter of 2026 (Form 941) and pay any tax due if all of the associated taxes due weren’t deposited on time and in full.

August 10

Individuals: Report July tip income of $20 or more to employers (Form 4070).

Employers: Report Social Security and Medicare taxes and income tax withholding for the second quarter 2026 (Form 941), if all associated taxes due were deposited on time and in full.

Tax and Money Tip of the Week:
Section 179 or bonus depreciation:  What’s best after OBBBA?

June 30, 2026 | No. 485

Great article on optimizing depreciation.

Click here to view the article

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.


Mark Vitek, CPA/PFS, CFP®
…until next time.

Tax and Money Tip of the Week #484
Happy 4th of July!
July 1st, 2026 

Wishing you and your family a Happy 4th of July!

The United States will celebrate its 250th anniversary on July 4, 2026, marking a historic milestone since the signing of the Declaration of Independence.

Our offices will be closed on Thursday and Friday July 2nd and July 3rd and will reopen on July 6th.


Questions or Comments? You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Tax and Money Tip of the Week:
Your HSA – designate a spouse beneficiary to save taxes

June 23, 2026 | No. 483

A great article from Financial Advisor Magazine

Click here to read the article

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.


Mark Vitek, CPA/PFS, CFP®
…until next time.

Tax and Money Tip of the Week:
Skip the backdoor Roth IRA:
Here’s the math for high earners

June 16, 2026 | No. 482

An article on high-earning taxpayers thinking twice before chasing the backdoor Roth IRA.


Click here to read the article

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.


Mark Vitek, CPA/PFS, CFP®
…until next time.

Your stock market portfolio can represent a little gold mine of opportunities to reduce your 2025 income taxes when you take advantage of the tax code’s offset game. The tax code contains the basic rules for this game, and once you know the rules, you can apply the correct strategies. In addition to saving taxes with the game of offset, you can also avoid paying taxes on stock appreciation by gifting stock to charity, your parents, and your children who are not subject to the kiddie tax.
Click Here to read a detailed article regarding this.