IRS Warns Taxpayers Against Scammers
Taxpayers, beware of common tax scams that occur around tax season whether via email or via phone! The IRS continues to bring awareness to avoid you becoming a victim. [...]
Halting Notices Not A Simple Task
In local tax news, Gregory Twachtman, a Washington News Editor, posted the following article: The Internal Revenue Service said that certain changes to its collection policies, particularly when it [...]
2021 Tax Season Letter
Dear Clients, Friends, and Colleagues; Happy New Year! I hope you and your loved ones are healthy and looking forward to the end of this pandemic (fingers crossed!). As [...]
IRS backlog…Tax Season is Coming
The IRS is already facing a backlog and the 2021 tax season is about to start. CBS News reports more here: https://apple.news/AY92bgfQiS221oQq758lDig
The Child Tax Credit
Taxes are a huge issue in Washington right now and one way or the other, we know changes are coming. We will continue to report on proposals on the [...]
Mike’s Tax Bites – Tax Law Changes
There have been many changes to the tax laws in the last several months and with the coming tax season, I thought I would spend the next several blogs [...]
PPP- “Double Dip” allowed
Late in the evening of December 20th, Congress passed the Consolidated Appropriations Act. It is anticipated that President Trump will sign this act into law shortly. The Act provides [...]
Mike’s Tax Bites – Year End Planning
With the holidays approaching, I thought I would do a number of blogs on year-end planning as well as the potential tax changes under the new Biden administration. Today, [...]
Happy Memorial Day!
I can’t believe we are coming up to the Memorial Day weekend. This is always a good time to pause and reflect on the sacrifices of our brave heroes [...]
Taking care of business: recordkeeping for small businesses
We get asked this question frequently and it is an important issue….record keeping. The IRS gives very good guidance on when and why one should keep good accounting of [...]
Roth Conversions
Most of our clients have a significant portion of their wealth in IRAs and company retirement plans. There may be a benefit to moving money among different plans, each [...]
Fake IRS Calls Increase During Tax Season
Unfortunately, tax season always brings out the scammers. IRS just issued the following advice and reminders. If you should ever receive any contact from IRS, either real or a [...]