-
Follow Us!
-
Recent Posts
Recent Comments
Archives
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- June 2018
- November 2017
- October 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- November 2013
- October 2013
- September 2013
- January 2013
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- August 2011
- July 2011
- June 2011
- March 2011
- February 2011
- January 2011
- December 2010
- August 2010
Categories
Meta
Category Archives: Taxes
Timely Mailed = Timely Filed…Or Does It?
Last week we introduced the Mailbox Rule. This week we tell a tale of how serious it is when “timely mailed = timely filed” meets “he said-she said”. This is a story, sad but true. Many years ago in 2005, … Continue reading
Posted in Court Cases, General Interest, IRS, Supreme Court, Tax Court, Taxes
Leave a comment
The Mailbox Rule
Taxpayers mail all sorts of things other than tax returns. There are other information returns, petitions, and payments, all of which are crucially important to arrive at the IRS on time. Taxpayers use USPS, DHL, FedEx and UPS. Taxpayers drop … Continue reading
Posted in General Interest, IRS
Leave a comment
2020 Legislative Changes to Efiling
On July 1, 2019, President Trump signed into law the Taxpayer First Act of 2019 (TFA), designed to improve the IRS’ interactions with us taxpayers by enacting changes to the IRS’s organizational structure, customer service, enforcement procedures, management of information … Continue reading
Posted in Business Taxes, Individual Taxes, IRS, Taxes
Comments Off on 2020 Legislative Changes to Efiling
We Are, After All, IRS Customers
The IRS as usual is patting its own back on how great they did customer service-wise during the 2019 tax season. The National Taxpayer Advocate (NTA) recently released its Annual Report to Congress and as is every year the reviews … Continue reading
Posted in General Interest, IRS
Leave a comment
Series. Part 4 of 4. 2020 Legislative Changes to Retirement Plans.
This is the last of our four-part series: 2020 Legislative Changes to Retirement Plans. Just about two months ago, on December 20, 2019 President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) approved by the … Continue reading
Posted in Retirement Planning, Tax Planning
Leave a comment
Self-employed Plans – SEP IRAs and SIMPLE
Series. Part 3 of 4. Self-employed Plans: SEP IRA and SIMPLE. We have talked about retirement vehicles: Traditional & Roth IRAs. Last week we talked about a garage they can be parked in: Employer-provided retirement plans. In this second to … Continue reading
Employer-provided Plans: 401Ks, 403Bs, and 457Bs.
Series. Part 2 of 4. Employer-provided Plans: 401Ks, 403Bs, and 457Bs. In this series of four, we are talking about various tax advantageous retirement and savings vehicles and their maximum contribution amounts. We hope that you check on your progress … Continue reading
Individual Retirement Accounts: Traditional & Roth
In this series of four, we will look at various tax advantageous retirement and savings vehicles and their maximum contribution amounts for 2020. We hope that you check on your progress towards maxing it out. Let’s start with the well-known … Continue reading
Posted in Individual Taxes, Retirement Planning
Leave a comment
Year-end To-do List.
Here’s a what to do before December 31st checklist to help you prepare for upcoming tax return preparation. REINFORCING THE BASICS. Keep in mind that the standard deduction is still increased resulting from the 2017 TCJA; therefore, you may or … Continue reading
Posted in Accounting, Business Taxes, Individual Taxes, Taxes
Tagged Business taxes, Individual Taxes, S-Corp Shareholder
Leave a comment
Hitting Those Year-end Numbers-Business Taxpayers.
If you’re thinking 2019 profit has resulted in a bit more taxable income than you would like here are a few things you can do to do a bit of business tax planning. You can also call Carol and make an … Continue reading