Tax Memo – Owe Back Taxes? Your Passport May Be At Risk
If you have seriously delinquent tax debt, IRC § 7345 authorizes the IRS to certify that debt to the State Department for action. The State Department generally will not [...]
About Chris Whalen, CPA
I’m Chris Whalen, CPA. For over thirty years I have been the owner and Managing Member of a Certified Public Accounting and Business Advisory firm providing a full range of income tax, accounting and advisory services for individuals and businesses. I am licensed in all states and serve clients throughout the country but extensively in Red Bank, Middletown, Rumson, Colts Neck, Holmdel, Monmouth County and Ocean County.Interview With David Crossan, CFP
Listen to this informative interview with Chris Whalen, CPA as he discusses: 20% Deduction – Qualified Business Income Check Adequacy of Deductions Expanded Use Of 529 Funds Tax Postcard [...]
Podcast – NJ Short Term Rentals Now Subject to Sales Tax & State Occupancy Fees
This law is repealed BUT – THIS WILL NOT BE RETROACTIVE TO 10/1/2018. From 10/1/2018 through August 9, 2019, there is still an obligation to pay the short term rental [...]
Tax Memo – NJ Short Term Rentals Now Subject to Sales Tax & State Occupancy Fees
This law is repealed BUT - THIS WILL NOT BE RETROACTIVE TO 10/1/2018. Important Notice to Sellers and Purchasers of Transient Accommodations Amendments to the Sales and Use Tax [...]
Tax Memo – Tax Planning Is The Most Important Part of Financial Planning
To listen to the podcast version of this memo click here –> Podcast Version Of course the CPA you choose is the most significant professional choice you can make. ;-) [...]
Podcast – Trump Tax Reform – Alimony Tax Treatment Is Changing
Click the video below to listen to this informative podcast with Chris Whalen, CPA where he discusses: Trump Tax Reform - Alimony Tax Treatment Is Changing Get my memos [...]
Memo – Tax Cuts and Jobs Act – Section 199A – Deduction for Qualified Business Income FAQs
Basic questions and answers on new 20-percent deduction for pass-through businesses Below are answers to some basic questions about the new 20-percent deduction for pass-through businesses. Also known as [...]
Memo – 529 Plans Get New and Exciting Options
529 plans are a great vehicle to save for college tuition. Tax reform has enhanced and expanded the use of 529 funds. What is a 529 plan? A 529 [...]
Memo – 2017 Taxes Still Not Done? Time Is Running Out To File!
If your 2017 Business or Personal Tax Returns are note done yet, please contact me as time is running out to file on time. Call me now (732) 673-0510 [...]
Interview – Topics Discussed – NJ Tax Amnesty, Alimony Changes, Tax Post Card, Timing Charitable Giving, Qualified Business Income
Listen to this informative interview with Chris Whalen, CPA as he discusses NJ Tax Amnesty, Alimony Changes, Tax Post Card, Timing Charitable Giving, Qualified Business Income Get my memos [...]
Podcast – Trump Tax Reform – Post Card – 7 Forms Instead of 1 Is Simplification?
Listen to this informative podcast from Chris Whalen, CPA as he discusses Trump Tax Reform - Post Card - 7 Forms Instead of 1 Is Simplification? Get my memos [...]
Tax Memo – Are You Eligible For Trump’s Passthrough Tax Reduction?
Trump's Tax Plan includes a Qualified Business Income (QBI) Deduction. This deduction gives up to a 20% deduction on certain business income and uses sometimes complicated formulas. This deduction [...]
Tax Memo – Disabled People Can Put More Into ABLE Accounts, May Also Get More Saver’s Credit
People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit [...]
Tax Memo – ITIN Expiring? Renew It ASAP
What is an ITIN? An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are [...]
Tax Memo – Latest Depreciation Rules
The Tax Cuts and Jobs Act, signed Dec. 22, 2017, changed some laws regarding depreciation deductions. Do you have questions? Call me: 732-673-0510. Businesses can immediately expense more under [...]
Memo – Business Owners, Your Quickbooks Files Are Your Property, Not Your Accountant’s
Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Questions? Concerns? Call me on (732) 673-0510. Important Update! NY SUPREME COURT ORDERS CPA TO PROVIDE [...]
SEMINAR – May 30, 2018 “Structuring Optimal Shore Investment and Rental Property Strategies Under The 2018 Tax Act.”
Weds., May 30, 2018, 6pm LBI - Ocean County Library 217 S Central Ave Surf City, NJ 08008 RSVP to: chriswhalencpa@gmail.com Get my memos in your inbox by clicking [...]
Interview – Chris Whalen, CPA with Joel Markel, Preferred Company 2018-0501
Listen to this informative interview with Chris Whalen, CPA as he discusses the 2018 tax changes with Joel Markel. Get my memos in your inbox by clicking here ---> http://eepurl.com/7rJdT [...]
Tax Memo – NJ Tax Amnesty 2018 Is Here!
This memo has been updated. Please click here to read the latest NJ Amnesty Information -----> Memo – NJ Amnesty Letter – Did You Get One? Do you, or [...]
Memo – Beware of Radio/Internet Ads Promising Tax “Relief”
It is extremely rare that the IRS, or any state, will reduce your tax liabilities when you have the ability to pay them in the future. The radio and [...]
Radio Interview – Crypto Currency, NJ Refunds, Payroll Deductions, Unreimbursed Expenses
Listen to this informative interview where Chris Whalen, CPA discusses: Cryptocurrency NJ Refunds Delayed Checking The Adequacy of Your Payroll Deductions Unreimbursed Expenses Get my memos in your inbox [...]
Tax Memo – Some NJ Refunds Are Very Delayed This Year
Some NJ refunds are severely delayed this year. I have inquired with The Division of Taxation several times, but they have yet to give me a definitive reason why. [...]
Interview – Crypto (Virtual) Currency and Income Taxes
NOTE: If viewing this memo on a phone or tablet, use landscape mode. I was featured in an article for ROI-NJ on Crypto (Virtual) Currencies and Income Taxes. Page [...]
Crypto Memo – Yes, You Should Report Your Cryptocurrency Trades On Your Tax Return
Purposefully not reporting or misreporting your Crypto related income is Tax Evasion at a minimum, and Tax Fraud at worst. I follow many crypto podcasts, forums and newsletters and [...]
Crypto Memo – Coinbase To Report User Information To The IRS, Other Exchanges Will Follow Suit
In response to a court order, Coinbase is reporting information on some of its users. If you have crypto transactions you haven't properly accounted for over the past several [...]
Memo – Can’t Pay Your Taxes? – There Are Options!
If you are going to attempt to use the IRS Website to establish an installment plan, I urge to call me before you start so I can give advice [...]
Memo – The Tax Savings From Tax Reform Could Offset The Rise in Mortgage Rates
We have seen an uptick in mortgage rates and this has people believing they can afford less of a house. This is quite often untrue, as the tax savings [...]
Watch my Youtube interview with Styxhexenhammer666
Watch my Youtube interview with Styxhexenhammer666 "A Chat With Chris Whalen, CPA Re: Trump Tax Plan, SALT, Income Tax Brackets, etc" Get my memos in your inbox by clicking [...]
Tax Scam Alert – Scammers Sending Erroneous Refunds Then Calling to Return Money to a Collection Agency
Red Bank, NJ — I wanted to warn taxpayers of a quickly growing scam involving erroneous tax refunds being deposited into their bank accounts. I will also provide a [...]
Tax Memo – Common IRS Tax Filing Myths
Red Bank, NJ — With the 2018 filing season in full swing, I wanted to offer taxpayers some basic tax and refund tips to clear up some common misbeliefs. [...]