One Savvy Coach

When you donate to causes that you're passionate about, it's important to know that you're donating to a legitimate organization. You can check an organization's tax-exempt status using the Tax Exempt Organization Search tool. Use the tool to make sure your charitable donations are tax deductible and go to an organization with valid tax-exempt status.

Check the status of your favorite charity at www.irs.gov/teos.

💸GEORGIA REBATE CHECKS | The Georgia Department of Revenue says the refunds are are being sent out in phases. Here’s what to know: http://www.11alive.com/article/news/local/when-will-georgia-taxpayers-get-their-rebate-checks/85-86dd8cdb-8000-4d41-9263-cf0868d6a01b?utm_medium=social&utm_source=facebook_11Alive

City of South Fulton to Open 90 Day Amnesty Window to Help Unlicensed Businesses Join the City’s Growing Economy:

The City of South Fulton is launching a new Business Amnesty Initiative aimed at accelerating entrepreneurship, strengthening the local economy, and helping businesses quickly come into compliance with the City’s Business License Code.

Introduced by Mayor Carmalitha Gumbs and unanimously approved by City Council, the program provides a limited-time opportunity for businesses operating without a valid business license to officially register with the City without paying late fees, interest, or penalties.

The initiative will run from April 1 through June 30, 2026, giving business owners a clear pathway to formalize operations and fully participate in the City’s growing economy.

Visit https://www.cityofsouthfultonga.gov/m/NewsFlash/home/detail/948 to learn more.

🚨 1099-NEC NOTICE FOR BUSINESS OWNERS

If you pay contractors in your business, this is for you 👇🏽

✔️ STEP 1: ALWAYS collect a W-9 FIRST
Before you send a single payment, request a completed Form W-9.
This tells you:
• Who you’re paying (legal name)
• Tax ID (SSN or EIN)
• Their business type (this determines if a 1099 is required!)

💰 STEP 2: Know the REAL threshold
If you pay a contractor $600 or more during the year, you are generally required to issue a 1099-NEC.
🚫 Not $2,000
🚫 Not “whenever you feel like it”
✔️ $600 is the rule

📄 WHEN you MUST issue a 1099-NEC:
• Payments for SERVICES (not products)
• To individuals, sole proprietors, or partnerships
• To LLCs that are NOT taxed as an S Corp or C Corp
• Total payments = $600+

🚫 WHEN you typically do NOT issue a 1099-NEC:
• Corporations (S Corps & C Corps)
• When you’re buying products only
• Payments made via credit card or third-party apps (those are reported separately)

💡 PRO TIP:
Don’t assume — VERIFY.
The W-9 will tell you exactly what to do. That one form can save you penalties later.

⏰ DEADLINE REMINDER:
1099-NECs must be sent to recipients AND filed by January 31st

💼 Bottom line:
Collect your W-9s early, track your payments, and don’t wait until tax season to clean it up.

Because the IRS doesn’t accept “I didn’t know” as an excuse.

Georgia lawmakers passed a bill that would eliminate pennies from cash transactions, rounding totals to the nearest nickel if signed by Governor Brian Kemp.

📸- goodfreephotos.com

The IRS has stopped issuing paper checks for tax refunds, potentially delaying payments for nearly 830,000 Americans this season.
READ MORE ⬇️

Employees say they haven’t been paid in months, and their taxes weren’t paid to the IRS 2wsb.tv/4rHkH4x

Look!!

Jacksonville woman sentenced to 18 months, ordered to pay $1.8M in tax fraud case A Jacksonville woman was sentenced to 18 months in federal prison for aiding and assisting in the filing of a false tax return. Survalarie Harris, who operated Tax Genie Tax Service, was also ordered to pay over $1.8 million in restitution for tax losses caused to the United States.

If I could lend one piece of advice for these times we're living in...
🗣️INSURE YOUR FAMILY MEMBERS