March News To Know

Dear Clients & Friends,

The March 16 deadline for S-Corporations and Partnerships is here. If we have not yet received your business tax documents, your return will likely need to be placed on extension.

If you are still gathering information, please let us know your status as soon as possible so we can plan accordingly.

Early submission helps us keep the process timely, accurate, and as smooth as possible. For individual filers, the tax deadline remains April 15, 2026.

For S-Corp & Partnership Owners

• If we have not received your 2025 business documents, your return will likely be placed on extension.
• Please send your finalized financials and supporting documents as soon as possible to help minimize delays.
• Keep in mind: an extension to file is not an extension to pay any tax due.

For All Filers

When you receive your completed return, please review it carefully before signing. Be sure to confirm:

• Bank account numbers for refunds or payments
• Current address and all names listed on the return
• Income and deductions reported
• Any balance due, refund, or estimated tax payments
• If anything looks incorrect or you have questions, please contact us before signing and returning the signature pages. A careful review helps avoid filing delays and refund issues.

IRS Moving Away From Paper Checks

The IRS has announced that it is phasing out paper refund checks for individual taxpayers and continuing its shift toward electronic payments and direct deposit. The IRS has said direct deposit remains the fastest and most secure way to receive a refund and mailed refunds can take significantly longer. If you need help setting up electronic payment or refund options, please reach out to our team.

Retail

With tax season underway, now is the time for retail business owners to review inventory methods, manage sales tax filings, and prepare for potential credits or deductions. Staying on top of these details helps you maximize profit and avoid costly compliance issues.

Medical & Dental Offices

Efficient practice management is key this time of year. We help medical and dental practices navigate payroll, equipment depreciation, and regulatory changes—while ensuring your year-end financials are accurate and ready for tax preparation.

Warmly,

The CJBS Team