Paul Mueller CPA LLC

Paul Mueller CPA LLC If you are looking for a blend of personal service and expertise, you have come to the right place! Our rates are affordable. We are experienced and friendly

We offer a broad range of services for business owners, executives and independent professionals. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional. We can also assist if you find yourself on the wrong side of the IRS. We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through.

When a married couple files a joint federal tax return, both spouses are fully responsible for the total tax due. The IR...
09/03/2025

When a married couple files a joint federal tax return, both spouses are fully responsible for the total tax due. The IRS can collect the full amount from either spouse, including extra tax, penalties and interest after an audit. Under certain conditions, you may seek “innocent spouse relief.” To qualify, the IRS will examine whether you knew about (or had reason to know about) the understatement and whether it would be unfair to hold you liable for the full amount due. This relief may apply regardless of the status of your marriage. Contact us at (308) 754-4557to see if you’re a candidate.

Stay-at-home parenting can be a tough gig. But building your own retirement nest egg when you don’t work outside the hom...
09/02/2025

Stay-at-home parenting can be a tough gig. But building your own retirement nest egg when you don’t work outside the home doesn’t have to be. In 2025, spouses can contribute up to $7,000 to a tax-advantaged spousal IRA. Both traditional and Roth spousal IRAs are available, and if you’re age 50 or older, you can make an additional catch-up contribution of $1,000 in 2025. One caveat: If your spouse has a 401(k) plan through work, you may not be able to deduct spousal IRA contributions on your joint tax return (depending on income). Contact us at (308) 754-4557 to discuss options.

Do you use a vehicle for business purposes? You may be able to deduct related expenses using one of two methods: the sta...
09/01/2025

Do you use a vehicle for business purposes? You may be able to deduct related expenses using one of two methods: the standard mileage rate or the actual expense method. The standard mileage rate offers simplicity: You just multiply business miles driven by the IRS rate, which is 70 cents per mile in 2025. Prefer tracking every cost? Use the actual method to deduct gas, oil, maintenance, insurance and more. Choose the method that saves you the most time and money! Contact us at (308) 754-4557 to help decide what's best for your situation.

As you likely know, marital status affects many federal tax filing requirements, including your standard deduction, cred...
08/29/2025

As you likely know, marital status affects many federal tax filing requirements, including your standard deduction, credit eligibility and tax owed. However, you may not know that informally separated couples are considered married by the IRS. Unless you became divorced or legally separated by Dec. 31, you must file as married filing jointly or married filing separately for the tax year. If, on the other hand, you finalized a divorce or legal separation during the year, you should file as single or head of household (if eligible) for the entire year. Annulments may be subject to different filing rules. Contact us at (308) 754-4557 with questions about your situation.

Thinking about saving for a child’s education? A Section 529 plan is a tax-advantaged option. There are two types: savin...
08/27/2025

Thinking about saving for a child’s education? A Section 529 plan is a tax-advantaged option. There are two types: savings plans and prepaid tuition plans. The right plan for you depends on factors such as your financial goals, where the child might attend school, and what costs you want to cover. Let’s review your options together. Call us at (308) 754-4557.

If you sell your home, you may be eligible for a major tax break: A tax exclusion for up to $250,000 of gain on the sale...
08/26/2025

If you sell your home, you may be eligible for a major tax break: A tax exclusion for up to $250,000 of gain on the sale ($500,000 for joint filers). But there are several requirements. One is that the home must be your principal residence. If you’re thinking about selling a vacation home, consider whether you could convert it to your principal residence first to take advantage of the gain exclusion. Or convert it to a rental property for different tax-saving opportunities. Let’s talk about your options. Contact us at (308) 754-4557.

Few estate planning subjects are as misunderstood as probate. It’s a legal procedure in which a court establishes the va...
08/25/2025

Few estate planning subjects are as misunderstood as probate. It’s a legal procedure in which a court establishes the validity of your will, determines the value of your estate, resolves creditors’ claims, provides for the payment of taxes and other debts, and transfers assets to your heirs. Depending on applicable state law, probate can be expensive and time consuming. There are strategies to avoid (or minimize) probate. For smaller estates, title assets in a manner that allows them to be transferred directly to your beneficiaries outside your will. Contact us at (308) 754-4557 with questions.

Not everyone is legally required to file a tax return, so it may be tempting to skip it. But if you had federal income t...
08/22/2025

Not everyone is legally required to file a tax return, so it may be tempting to skip it. But if you had federal income tax withheld, made estimated payments or qualify for a refundable tax credit, you could be missing out. The Child Tax Credit is for those with qualifying children under age 17. The Credit for Other Dependents is for those who support certain others, including their parents or children 18 and older. Both of these credits begin to phase out at income limits that are fairly generous. If you paid higher education costs for yourself or an eligible student, you may qualify for an education credit. Contact us at (308) 754-4557 or learn more from the IRS: https://bit.ly/3RNQJeB

Struggling with tax debt? An Offer in Compromise (OIC) might be the solution if you’re eligible. The IRS allows qualifie...
08/20/2025

Struggling with tax debt? An Offer in Compromise (OIC) might be the solution if you’re eligible. The IRS allows qualified taxpayers to settle their debt for less than the full amount owed. If you're facing financial hardship, an OIC can help you get back on track while avoiding overwhelming penalties. The process requires proper documentation, negotiation and a $205 nonrefundable application fee. Be aware that most offers aren’t accepted. But in the right situation, it can significantly reduce an individual’s tax burden. Contact us at (308) 754-4557 to see if you’re a candidate.

Static budgets can quickly fall out of sync with reality in today’s volatile markets. Rolling forecasts offer a smarter,...
08/19/2025

Static budgets can quickly fall out of sync with reality in today’s volatile markets. Rolling forecasts offer a smarter, more flexible approach, updating your projections throughout the year to reflect real-time changes in your business, industry and market. They complement your annual budget and help you make better decisions, faster. Want to improve your forecasting and budgeting? Let’s talk. Call us at (308) 754-4557.

The IRS generally follows strict collection processes but acknowledges that some people face real hardships. In such cas...
08/18/2025

The IRS generally follows strict collection processes but acknowledges that some people face real hardships. In such cases, the IRS may assign a tax debt to “currently not collectible” status until the debtor’s financial condition improves. While the debt remains unpaid, the total will continue to rise due to penalties and interest. Also, a federal tax lien may be filed, giving the government an interest in the individual’s assets. The IRS doesn’t grant this status lightly. It demands extensive financial proof, which can feel like an uphill climb. Contact us for help with tax debt at (308) 754-4557.

What should you do if you receive a tax refund that’s more than you’re entitled to? Or what if you receive one that you’...
08/15/2025

What should you do if you receive a tax refund that’s more than you’re entitled to? Or what if you receive one that you’re not entitled to? Handling these situations largely depends on the details. A paper check refund should be voided and returned within 21 days of receipt to the address in the link below. But suppose you cashed the check. In that case, submit a personal check within 21 days to that address. If the refund was by direct deposit, contact your bank to have them return the deposit. Also, contact the IRS at the phone number in the link. A check for an amount different than expected should include a brief explanation. For more information, contact us at (308) 754-4557 or visit: https://bit.ly/4bIFVXW

Address

710 7th Street
Saint Paul, NE
68873

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Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

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+13087544557

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