Category Archives: Uncategorized

Each year, millions of taxpayers receive letters and notices from the Internal Revenue Service for a variety of reasons. Listed below are several things to know about IRS notices, in case one shows up in your mailbox. 1. Don’t panic. … Continue reading →

In recent years, electronic filing and payment options have increased the timeliness and accuracy of tax returns and reduced the burden on taxpayers.  However, the law provides that the IRS  can assess a penalty on taxpayers who fail to file … Continue reading →

From the office of Carol McAtee & Associates, C.P. A. inSt. Petersburg,FL-The following is an update of the Gov’t Shutdown: IRS Halts Tax Liens and Levies during Shutdown WASHINGTON,D.C.(OCTOBER 10, 2013) The Internal Revenue Service is putting the brakes on … Continue reading →

   The Internal Revenue Service has temporarily stopped sending out tax refunds, and the Tax Court has suspended operations during the federal government shutdown, as lawmakers in Congress continue their battle over delaying or defunding “Obamacare” for a year. The IRS … Continue reading →

  From Carol McAtee & Associates, CPA office in St. Petersburg, FL-   Keep copies of all filed tax returns as a part of your tax records.  They can help in the preparation of future tax returns and will be needed … Continue reading →

From our CPA office in St. Petersburg, FL- The Internal Revenue Service has released guidance on issuing tax refunds to same-sex married couples in the wake of the Supreme Court’s decision striking down the Defense of Marriage Act. The Treasury … Continue reading →

The Affordable Care Act (ACA): From our CPA office in St. Petersburg, FL -The following is an update of The Affordable Care Act (ACA) that we wanted to extend to our readers.  Included in this update is a government website … Continue reading →

From our CPA office in St. Petersburg, FL – The IRS has released 2013 inflation adjusted figures for several tax benefits, including the gift tax exclusion and the nanny tax. Listed below are the new limits 1. Annual gift tax … Continue reading →

From our CPA office in St. Petersburg, FL – Members of the United States military and their families face many life challenges based on the duties, expenses, and transitions of the military lifestyle. As such, active members of the U.S. … Continue reading →

From our CPA office in St. Petersburg, FL – With tax rates potentially set to increase at year end and fewer tax breaks available, traditional Individual Retirement Accounts are a great way for taxpayers to lower their tax bill. And … Continue reading →