August 14, 2015

Protecting American’s from Tax Hikes Act of 2015 was signed into law by the President on Friday December 18th, 2015.  The Act makes many popular tax breaks permanent and extends others through 2019. 

Some permanent tax provisions of particular interest for individu...

“The IRS called me out of the blue…now what?”

We are getting this question frequently at our office and felt a responsibility to communicate some important information to our clients and friends. As a general rule, the IRS does not call taxpayers. Con artists pretending...

January 3, 2015

We hope everyone enjoyed the holiday season and we wish you a healthy and prosperous New Year. We are gearing up for another successful filing season and are available if you have any questions as you accumulate your information. Congress extended a number of expiring...

September 18, 2014

As tax professionals, we are asked each year by our clients:

  • Will I get audited?

  • What if I get audited?

  • How can I avoid getting audited?

The IRS will audit hundreds of thousands of individual tax returns this year. That number represents a small percenta...

August 15, 2014

Self- employed individuals have the perks of being their own boss such as making their own hours and determining what work to take on.  On the flip side, they also have the responsibility that comes with operating a business, along with the added expense of self-employ...

On July 2nd, the Treasury Department announced it would delay the requirement for businesses with more than 50 employees to provide health insurance or pay a penalty until 2015.  Hence, the so called "play or pay" mandate.  The Affordable Care Act employer shared respo...

January 4, 2014

We hope everyone had a happy holiday season and we wish you a healthy New Year. The first of the year reminds us income tax returns will again be due very soon and we are here to help everyone transition into what we hope will be a successful filing season. The Interna...

January 5, 2013

We hope everyone is settled into the New Year. We want to remind you of important filing deadlines for this month.

  • W-2s and 1099s are due to the recipient by January 31, 2013. The IRS is becoming more strict on 1099 filings so please contact us if you have any quest...

January 3, 2013

For tax years beginning January 1, 2013, the tax law imposes a 3.8 percent surtax on certain passive investment income of individuals, trusts and estates. For trusts and estates, the amount subject to the tax is the lesser of (1) undistributed net investment income or...

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