Next Step Wealth Management

Waiting on a Schedule K-1? You’re not alone.

K-1 forms report income from partnerships, S-corps, and certain investments. They’re typically due in mid-March, but they can’t be issued until the entity completes its own tax return. With increasingly complex tax rules and investment structures, delays are common which is why many investors end up having to file extensions.

A few simple steps may help:

• Ask the entity about expected timing
• Opt for electronic delivery if available
• Confirm your contact information is current
• Forward your K-1 to your CPA as soon as you receive it

And remember, filing an extension isn’t a red flag. It’s often just part of the process when K-1s are involved.

Last weekend, our crew traded the office for the Home & Landscape Show in Sacramento, helping out at the RRUFF Healing Heroes Program booth. A nice way to spend the day, connecting with others and supporting a great organization.

There's just one week left if you'd like to join Jenny of Vision Tax in helping to make Valentine's Day a little brighter for our seniors! ❤️ Cards have already been coming in—thank you!—but we'd gladly welcome more!

Helping Hands OV's 'Valentines for Seniors' program is an easy way to share some kindness with a senior who may not have family nearby to share the love. If you'd like to participate, simply create a few homemade Valentine’s cards and drop them by our office now through February 4, 2026. No envelopes are needed.

Please join us in spreading kindness to local seniors in care homes and assisted living communities, and making this Valentine’s Day a little sweeter.

As we move into 2026, economists are keeping an eye on several factors that could shape the year ahead. Growth held up better than many expected in 2025, but for a lot of households, higher costs are still very real.

Key questions remain: Will inflation continue to ease? How might the Federal Reserve respond if the job market shows signs of change? And will housing affordability gradually improve over time? There’s also growing attention on how artificial intelligence may influence productivity and employment, along with whether stock market gains can expand beyond a relatively small group of leading companies.

Overall, the outlook suggests a year that will be shaped less by dramatic shifts and more by gradual adjustments, as both businesses and consumers adapt to evolving economic conditions.


Source:

What will the U.S. economy look like in 2026? Experts weigh in on 5 key questions. From stubbornly high living costs to a softer labor market, economists say these are the forces that will shape the year ahead.