Due Diligence You may notice that your tax preparer is asking you a lot of additional questions this year. Why is that? The IRS identified several areas of concern for fraud and identity theft. A few years ago, they started requiring tax professionals to complete formalized due diligence for taxpayers who took the earned income… Read more
Please click here to read an article on bogus IRS phone calls.
Please click HERE to read an article on some precautions you can take to keep your personal information secure.
Please click HERE to print out the 2016 3 page questionnaire!
Have you heard the latest changes in charitable contributions? The IRS has put out some new information regarding charitable contributions and the eligibility to claim these deductions. Please click HERE to read the article or watch the video below!
New Social Security Service About a third of people who receive social security benefits have to pay income tax on those benefits. At the end of each year, the Social Security Administration mails a Social Security Benefit Statement (SSA-Form 1099) showing the total benefits received. Social security beneficiaries who misplaced or didn’t receive their SSA-1099… Read more
Tax Insight – March 2015 Important Tax Dates & Information First quarter individual estimated tax payments are due April 15. The deadline for filing a Form 1040 or an extension and paying any tax due is April 15. Facts About Health Care Coverage in 2015 This is the first year that taxpayers are experiencing… Read more
TAX INSIGHT February 2015 Important Tax Reminders • Form W-2, Form 1099 and other tax information forms are required to be mailed by January 31. If you do not receive the forms by February 16, let me know. • The IRS began accepting e-filed individual tax returns on January 20. • The IRS expects… Read more
TAX INSIGHT January 2015 Be Prepared for Your Tax Appointment When we meet to discuss your 2014 tax situation, you’ll save time and money by coming prepared. Common items that you should provide, if applicable, include: • Medical expenses such as prescriptions, dental and medical insurance premiums. You’ll also need documentation of your health… Read more
Congress extends tax breaks in year-end legislation (Click Here to View as PDF Document) In its final session of the year, Congress extended a long list of tax breaks that had expired, retroactive to the beginning of 2014. But the reprieve is only temporary. The extensions granted in the Tax Increase Prevention Act of 2014… Read more