Tax Tips from Tax Services of Tennessee

Waiting until the last minute to prepare your taxes can create unnecessary stress and costly mistakes. Missing documents, overlooked deductions, and unexpected tax balances are much easier to address when you start early. At Tax Services of Tennessee , we encourage individuals and business owners to plan ahead. Early tax preparation gives you time to organize your records, understand what you may owe, and address potential tax issues before a deadline arrives. Whether you need an individual return, Schedule C, partnership, S corporation, C corporation, rental property, estate, trust, or nonprofit return , getting started early can make the process much easier. Don't wait until the last minute. Let us help you get prepared. Tax Services of Tennessee 📞 615-933-8292 🌐 taxservicesoftennessee.com WE PLAN. YOU PROSPER.

  Partnership tax returns can become complicated quickly, especially when multiple owners are involved. At Tax Services of Tennessee , we help partnerships and multi-member LLCs throughout Brentwood, Franklin, Nashville, and Middle Tennessee with professional tax preparation. We prepare Form 1065 partnership returns and Schedule K-1s and help business owners understand partner contributions, distributions, business expenses, and other partnership tax matters. If you and a business partner own a company together, proper tax preparation can help keep the business—and each partner's individual tax reporting—on track. Need help with a partnership or multi-member LLC? Tax Services of Tennessee 📞 615-933-8292 🌐 taxservicesoftennessee.com WE PLAN. YOU PROSPER.

Churches and ministries have unique tax and financial responsibilities. At Tax Services of Tennessee , we help churches and religious organizations throughout Brentwood, Franklin, Nashville, and Middle Tennessee with tax compliance, bookkeeping, and financial reporting. Although churches are generally not required to file an annual Form 990, they may still have responsibilities involving payroll, W-2s, 1099s, minister compensation, housing allowances, unrelated business income, and proper recordkeeping . Having accurate books and understanding the special tax rules that apply to churches can help church leaders avoid costly mistakes and stay focused on their ministry. Need help with your church or ministry? “We also provide nonprofit tax preparation for charities, ministries, and other tax-exempt organizations.” Tax Services of Tennessee 📞 615-933-8292 🌐 taxservicesoftennessee.com  Non Profit Tax Preparation WE PLAN. YOU PROSPER

Nonprofit organizations have important tax and reporting responsibilities. At Tax Services of Tennessee , we help nonprofits, charities, ministries, and tax-exempt organizations throughout Brentwood, Franklin, Nashville, and Middle Tennessee stay compliant and organized. We assist with Form 990, 990-EZ, 990-N, 990-PF, and 990-T , along with nonprofit bookkeeping and tax compliance. Churches have special tax rules and are generally not required to file an annual Form 990, but they may still need assistance with bookkeeping, payroll reporting, W-2s, 1099s, and other tax matters. Need help with your nonprofit or ministry? Tax Services of Tennessee 📞 615-933-8292 🌐 taxservicesoftennessee.com WE PLAN. YOU PROSPER.

  Missing Your W-2? Here’s What to Do Before Filing Your Tax Return https://taxservicesoftennessee.com If you are ready to file your 2025 tax return but cannot find or never received your Form W-2 , don't simply leave those wages off your return. Your W-2 reports important information, including your wages and the federal income tax, Social Security tax, and Medicare tax withheld from your paycheck. Employers are required to provide employees with a W-2, and the IRS recommends contacting your employer first if yours is missing. Start by contacting your current or former employer and asking for another copy. If you moved during the year, make sure the employer has your correct mailing address. You can also check your IRS Individual Online Account for available 2025 wage and income transcript information. Keep in mind that the IRS transcript may not contain all of the state and local information that appeared on the original W-2. What If the Employer Will Not Give You a W-2? If ...

  https://taxservicesoftennessee.com Missing a 1099-NEC? You May Still Need to Report the Income If you are self-employed or an independent contractor and are still waiting for a Form 1099-NEC , you may be wondering whether you can file your tax return without it. The important thing to understand is that not receiving a 1099-NEC does not make the income disappear . The IRS says taxable income generally must be reported even when you do not receive a tax form reporting it. If you believe you should have received a 1099-NEC, first contact the business or payer and ask for a copy. You can also check your IRS Individual Online Account for available wage and income transcript information. The IRS notes that 2025 wage and income transcripts may include Form 1099-NEC information, although a form may not appear if the payer has not submitted it to the IRS. If you still cannot obtain the form, don't automatically leave the income off your return. Use your own records—such as bank depo...