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We’ve gone digital! Upload your tax documents online!

We have implemented and improved our tax systems and programs with a new digital encrypted tax preparation and filing service called Link by Intuit that helps us to practically eliminate electronic theft. You may now upload (securely) most of your tax documents through our web system to speed up and track the progress! I encourage you do do so. Call or email us to get started!  Watch the video here.  Link Frequently Asked Questions 1- What is Link?  Link is an online portal that makes it easy for you to upload your tax documents and data and send them to us in a timely, secure, and organized way. 2- How do you get your tax documents to us? We will initiate an email invitation to you through Link.  Once you receive and accept this invitation you will be able to complete your personalized checklist and upload your tax documents from any computer or mobile device.  The checklist helps you monitor the progress and know when you have completed the uploads.  Once complete, you’ll have everything you need to get started. 3- How secure is Link? Link utilizes 256-bit encryption and stores all data on U.S. servers. Learn more about our security measures…  Please update your client profile here so we can get started! More questions? Contact us here.  ...

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Let’s Talk About Tax Refunds!

Let’s face it… We all want to get our tax refund as quickly as possible but I would like to set realistic expectations. Although the IRS claims that most refunds will be deposited within 25-days from the date the refund was approved, there are things that slow the process down. We deal with this all of the time and have taken every practical step to speed up the process and eliminate potential hassle and headaches. We use the industry’s leading tax processing software that also allows us to collect your tax preparation fee immediately eliminating further payment and accounting...

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What if An IRS Letter Arrives?

The IRS mails millions of letters to taxpayers every year for many reasons.  Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS: 1.Don’t Panic! Simply responding will take of most IRS letters and notices. 2.Read the entire letter carefully. Most letters deal with a specific issue and provide specific instructions on what to do. 3.Compare it with the tax return. If a letter indicates a changed or corrected tax return, the taxpayer should review the information and compare it with the original return. 4.Only reply if necessary. If you do receive a notice please forward a copy to our office to determine if a response if required. 5.Respond Timely. Taxpayers should respond to a letter with which they do not agree.  They should mail a letter explaining why they disagree.  They should mail their response to the address listed at the bottom of the letter. The taxpayer should include information and documents for the IRS to consider.  The taxpayer should allow at least 30 days for a response. When a specific date is listed in the letter, there are two main reasons taxpayers should respond to the date: To minimize additional interest and penalty charges; and To preserve appeal rights if the taxpayers does not agree. Our office can respond to the IRS on your behalf as well. Don’t Call. For...

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Let’s Talk About Tax Law

Some key filing dates have changed.  Employers are required to file W-2s with the federal government by January 31st.  up from the prior deadlines of February 28th for paper returns and March 31st for e-filings. This earlier deadline matches the date for sending copies of the forms to employees.  The January 31st date also applies to 1099s reporting non- employee compensation.  This due date for most regular corporations is 3 ½ months after year end and March 15th for calendar year firms.  Those needing more time can request a six-month extension.  The deadline for S firms and cooperation’s with a June 30th fiscal year has not changed. The 2017 standard mileage rate for business driving falls to 53 ½ cents a mile, a 0.5 cent drop.  The rate decreases to 17 cent a mile for travel for medical purposes and job-related moves.  However, the rate for charitable driving remains at 14 cent a mile. Two business tax breaks have been reinstated.  Small start ups can opt to claim $250,000.00 of R & D (Research & Development) to offset payroll taxes instead of their regular income tax liability.  The election is available to companies in business for five (5) years or less that have gross receipts under five million dollars.  Businesses that hire the long term unemployed get a tax credit.  The work opportunity tax credit is expanded to cover employers that hire people who...

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2017 Tax Year Brackets (Jan. 1 – Dec. 31, 2017) Tax Return Due on April 17, 2018

Tax Rate  Single Married/Joint & Widow(er) Married/Separate   Head of Household 10% $1 to $9,325 $1 to $18,650 $1 to $9,325 $1 to $13,350 15% $9,325 to $37,950 $18,650 to $75,900 $9,325 to $37,950 $13,350 to $50,800 25% $37,950 to $91,900 $75,900 to $153,100 $37,950 to $76,550 $50,800 to $131,200 28% $91,900 to $191,650 $153,100 to $233,350 $76,550 to $116,675 $131,200 to $212,500 33% $191,650 to $416,700 $233,350 to $416,700 $116,675 to $208,350 $212,500 to $416,700 35% $416,700 to $418,400 $416,700 to $470,700 $208,350 to $235,350 $416,700 to $444,550 39.6% over $418,400 over $470,700 over $235,350 over...

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2018 Consumer Alert on Tax Scams

Note that the IRS will never… Call to demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer. Generally, the IRS will first mail if you owe any taxes. Threaten to immediately bring in local police or law-enforcement groups to have you arrested for not paying. Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say they owe you. Ask for credit or debit card numbers over the phone. Private Debt Collection The IRS began a new private collection program of certain overdue federal tax debts selecting four contractors to implement it. The IRS will always notify a taxpayer before transferring their account to a private collection agency (PCA).  First, the IRS will send a letter to the taxpayer and their tax representative informing them that their account is being assigned to a PCA and giving the name and contact information for the PCA.  This mailing will include a copy of Publication 4518.  What you can Expect When the IRS Assigns Your Account to a Private Agency. Only four private groups are participating in this program:  CBE Group of Cedar Falls, Iowa; Conserve of Fairport, NY; Performance of Livermore, Calif; and Pioneer of Horseheads, NY.  The taxpayer’s account will only be assigned to one of these agencies, never to all four.  No...

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Most Recent Scams

IRS – Impersonation Telephone Scam An aggressive and sophisticated phone scam targeting taxpayers, including recent immigrants, has been making the rounds throughout the country. Callers claim to be the employee of the IRS, but are not. These con artists can sound convincing when they call. They use fake names and bogus IRS identification badge numbers. The may know a lot about their targets, and they usually alter the caller ID to make it look like the IRS is calling. Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest, deportation or suspension of a business or driver’s license. In many cases, the caller becomes hostile and insulting. Or, victims may be told they have a refund due to try to trick them into sharing private information. If the phone isn’t answered, the scammers often leave an “urgent” callback request. Note that the IRS will never 1) call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill; 2) demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe; 3) require you to use a specific payment method for your taxes, such as a prepaid debit...

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Did You Know?

We can deduct all preparation fees from your refund We can file your State and Federal returns electronically We can accept all major credit cards for payment We can make appointments after hours if you are unable to make it to our office during regular business hours. We prefer that you make copies of your original documents that we use to prepare your returns before they are mailed to us. When a return is prepared in our office I will review approximately 80% of them even if I did not prepare the return myself. If we make an error we normally have 3 years from the due date of the return to correct the error. We are listed on Dunn & Bradstreet with the highest rating possible for a small business. We have a website that you can visit 24 hours a day and send us your tax questions. I attend a National Tax Forum given by the IRS each year to interact with IRS managers, commissioners and tax payers advocate groups to ensure we have the most up to date knowledge of the inner workings of the IRS. We can form most corporations (LLC, S-Corp, C-Corp, General Corp Etc.) within 10 days including filing with each state. We are part of the Better Business Bureau with an A+ rating. Part of your Social Security may be taxable. Even if you file...

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