Every year, as the IRS continues to make improvements in their processing and the security of electronically filed returns, they adjust the timing of the schedule for processing Form 1040

Wishing all of our clients and readers a wonderful Merry Christmas.

So you’ve been living in your home for a few years now and you’ve noticed that your mortgage balance is getting to an amount that you could possible pay off

What the hell just happened? Now that the elections are over for this cycle, are there any additional year end tax planning techniques that taxpayers should consider? The answer depends

This is the fourth in a series of posts covering year-end tax planning ideas for 2016.  Here we’ll discuss a grab bag of ideas covering a few different areas. Deferring

  Here in the third installment of the series of posts about year end tax planning, we’ll cover some strategies dealing with stock-based compensation. Employers that offer stock-based compensation typically

THE TAX RETURN PREPARATION PROCESS Many of my clients are working with a CPA for the first time and often want to know what the process is for getting their

We get the following two questions from prospective clients, Are you accepting new clients? and What is “the process” for getting our returns completed? We will answer the first question

One of the questions we get from our self-employed and single-member LLC clients is: “I’ve been told that I should be an S-Corporation because it will save me a lot

This is the second in a series of posts addressing year-end tax planning topics for 2016.  Topics addressed in this post deal mostly with various capital gain issues. As with

In 2015, legislation was enacted that modified the due dates of some types of tax returns, beginning with 2016 tax returns (so tax returns prepared and due during the 2017

Yesterday (Sept 22, 2016) we received an alert from the IRS alerting tax preparers to yet another phony IRS tax scam. Given the fact that these tax scams are getting

One question we receive a few times a year is whether a W-2 employee who is already covered by a retirement plan through their employer at work (for example, a

As we near the end of September and the beginning of October, it’s not too early to begin thinking about year-end tax planning for 2016. This post is the first

In a previous blog post we discussed how taxes “seem” to increase when you go from being a wage earner to being self-employed. The analysis in that article assumed that

The majority of small business we deal with operate either as sole-proprietorships or single-member LLCs (SMLLCs).  This form of business ownership has a big advantage as it is simple and

  All US individual taxpayers are subject to the estimated tax rules. However, most individual taxpayers do not make quarterly estimated tax payments because the withholding on their wages is

Independent Contractor or Employee? An area of IRS scrutiny for the past twenty years has been whether individuals working for a business are independent contractors or employees. Contrary to what