Donor Advised Fund

This is another in a series of short blog posts about tax planning changes related to the 2017 Tax Act (now commonly referred to as “TCJA” – the 2017 Tax

Share
2016 Tax Return Processing Timing

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

Share
Year-end tax planning for 2016 – Part 4

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

Share
The tax return preparation process explained

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

Share
New client to FlaneryCPA? Start here…..

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

Share
Using an S-Corporation won’t necessarily save you taxes

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

Share
Upcoming Changes to Return Due Dates

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

Share
Watch out for phony IRS scams

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

Share
Self-employed vs Employee: Where Did My Taxes Go?

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

Share