Don’t Overlook The First-Time Penalty Abatement Waiver

Have you heard of the IRS’ First-Time Penalty Abatement (FTA) administrative waiver? Most people have not, and that even includes some tax professionals. This is unfortunate, because the program offers a high potential for saving taxpayers substantial cost in some situations. The FTA was established in 2001 as a way to reward filers with good… Read More »

Tips for Choosing the Right Tax Preparer

If anyone knows how complicated filing tax returns can be, it’s the IRS. After all, they make the rules! With that difficulty in mind, the agency recently emailed information about choosing wisely when selecting a tax preparer, and as a tax preparer myself, I strongly encourage this education. This is important, because no matter who… Read More »

Welcome to the 2016 Tax Filing Season

As of January 23, the IRS filing season is officially open. Hooray! You can now start filing your returns for 2016 any time. In a recent update email sent out by the IRS, they provided useful information about what’s new this year and what you can expect to find as you begin this joyous task.… Read More »

Resources for Small Business Owners from the IRS

Do you ever feel like running your business requires a degree in tax issues? That’s understandable, with all the requirements small business owners have to meet. Beyond helping you stay in compliance, having a good grasp of tax laws and responsibilities can help you run your business better. One great resource to help you stay… Read More »

Wife Math

A couple of months ago, my wife and I went to the mall with some friends. After walking around a bit she tells me she needs to do some running around and I should go to the bar and grab a beer. What husband would ever turn down a beer at the mall? About 40… Read More »

Don’t Fall for the Student Tax Scam!

If you’ve got a child or grandchild in college, you know how expensive it can be. Now criminals are attempting to make it even more expensive with a relatively new scam targeting college students and their parents. The fraudsters are claiming to be IRS representatives or police and demanding that victims pay up for a… Read More »

Crazy State Tax Laws

Many states are losing money so they are taxing their residents on a variety of different things. Below are just a few of these creative revenue-raisers that I thought were pretty interesting: Alabama: Playing Card Tax. Anyone who purchases or sells a deck of cards in the state of Alabama is subject to a tax.… Read More »

2014 Tax Planning – Individuals

In this season of thankfulness, I want to take a quick minute to thank each of you for trusting me to help with your tax and accounting needs over the past year. It means the world to my family and me to be able to work with all of you again this upcoming tax season.… Read More »

Summer Camp

Hello Mudda, Hello Faddah, Here I am at, Camp Granada, I know to send me here, cost you a lotta, So I am glad the IRS may give you a credita… As the kids get ready for summer camp you may be able to catch a little tax break for the cost of the camp.… Read More »