Welcome to Seber Tans, PLC
Choosing the right accounting firm is one of the most important business decisions you will make. Any firm can add up the numbers and tell you where you’ve been, but Seber Tans will help you focus on where you want to go. In Southwest Michigan, the firm that unites professional expertise with creativity and vision is Seber Tans. With a team of experienced professionals on our staff, we can provide the capabilities of a large national organization, plus the personal attention of an independent firm. Clients choose us because we offer much more than off-the-shelf solutions. We will listen, ask questions, and learn all we can about your current situation. From that input, we’ll find creative solutions to help you focus on your opportunities rather than your obstacles. Join us and see why our clients trust us for their accounting, tax, and business advising needs.
5 potential tax breaks to know before moving a parent into a nursing home
If you have a parent moving into a nursing home, taxes are probably not on your mind. However, there may be tax breaks. For example, the costs of qualified long-term care are deductible as medical expenses to the extent they, along with other medical expenses, exceed 7.5% of adjusted gross income (AGI). If your parent qualifies as your dependent, you can include medical expenses you incur for your parent along with your own when determining your medical deduction. Premiums paid for a qualified long-term care insurance contract are deductible as medical expenses (subject to limitations based on age) to the extent they, along with other medical expenses, exceed the percentage-of-AGI threshold. ... See MoreSee Less
The tax traps of personally guaranteeing a loan to your corporation
If you’re considering guaranteeing a loan to your closely held corporation, it’s crucial to understand the tax consequences. Acting as a guarantor, endorser or indemnitor means if the business defaults, you could be responsible for repaying the loan. If the business does default, and you make good on the obligation, the payment of principal or interest generally results in either a business or a nonbusiness bad debt deduction. If it’s a business bad debt it can be totally or partly worthless, and it’s deductible against ordinary income. If it’s a nonbusiness bad debt, it’s deductible as a short-term capital loss (subject to certain limits). Contact us to help ensure the best tax results. ... See MoreSee Less
The IRS released new guidance yesterday, September 23, on how refunds and payments will work starting September 30.
www.irs.gov/newsroom/irs-to-phase-out-paper-tax-refund-checks-starting-with-individual-taxpayers
Payment Side
The IRS says that, “until further notice,” taxpayers should continue to use existing forms and payment procedures through December 31 (including for extended 2024 returns).
No clear cutoff for when checks to the IRS will be disallowed has been published. They promise to issue guidance for 1/1/26 & beyond.
Refund Side
Beginning Sept. 30, 2025, most IRS tax refunds to individual taxpayers will no longer be issued by paper check.
Refunds, and most other federal government payments, will be primarily delivered via direct deposit.
For those who don’t have bank accounts, there are prepaid debit cards or digital wallets. There will be “limited exceptions” that haven’t been disclosed.
In the 2025 filing season, 93% of refunds already went by direct deposit/electronically; only 7% were paper checks.
We will continue to release guidance as it comes. If Seber Tans does not already have your bank account information on file and you’re entitled to a refund for the 2025 tax year, please prepare to provide it. ... See MoreSee Less