RED BANK NJ —The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricanes Harvey and Irma [...]
It is difficult to keep track of when personal and business tax returns are due. This pdf file gives you all the information you need. Click on the link [...]
Millions of people enjoy hobbies that are also a source of income. From catering to cupcake baking, crafting homemade jewelry to glass blowing -- no matter what a person’s [...]
I get so many calls like this: "Chris, if my elderly parent suddenly needs to go into a nursing home, how can I protect their assets?" "Chris, what [...]
For Immediate Assistance For food, clothing, evacuation/transportation assistance, or other immediate assistance, please contact: The American Red Cross: (www.redcross.org/find-help) or call toll free 1-866-438-4636; or 2-1-1 Texas (www.211texas.org) or dial 2-1-1 [...]
Chris Whalen, CPA Note: Don't roll the dice with your taxes! The best bet you can make is to choose the best CPA! You must report all gambling winnings as [...]
My firm specializes in the income tax and financial implications of divorce. If you are in any stage of a divorce, and have not sought the advice of a [...]
Paying for Long Term Care is something everyone needs to plan for and understand. There is so much misinformation out there about Long Term Care Insurance, I decided to [...]
Spring showers bring summer flowers and weddings typically aren’t far behind. Newlyweds have a lot to think about and taxes might not be on the list. However, there is [...]
My Retiree and Senior client base continues to grow, and with that comes special tax planning needs. There is so much information out there on taxes and from so [...]
Note From Chris Whalen, CPA: This memo includes important information for all entrepreneurs as well as those participating in the Sharing Economy. If you use one of the many [...]
First, I have to say in my almost 30-year career I have never seen such enthusiasm and positive public sentiment among my entrepreneur clients and overall positive consumer confidence. [...]
Please listen to this informative episode of The Street Level Business Podcast with Chris Whalen, CPA
Red Bank, NJ – The Internal Revenue Service today warned people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to [...]
Do you spend your days consumed with worry over your income taxes? Do you worry that every knock on your door or caller on your phone could be the [...]
Chris Whalen, CPA Note: The IRS Online tools can be very frustrating. Most of my clients give me a Power of Attorney so I can do this research for [...]
Note from Chris Whalen, CPA - Even if you cannot pay your tax, FILE YOUR TAXES ON TIME. You can always apply for an installment plan. Many taxpayers don't [...]
On Nov. 11, 2003, President Bush signed into law the Military Family Tax Relief Act of 2003. Among its provisions are these tax breaks related to military personnel: Death [...]
The Internal Revenue Service can send agents to your home or business unannounced. The incidence of this is on the rise. But how can you determine if that person [...]
RED BANK, NJ — Hurricane Preparedness Week is only one 7 days in May, May 7 to 13, but this is far too short in my opinion. Every week should [...]
What do you do when you have a financing or debt consolidation need and you have hit dead ends with traditional lenders, banks, etc? You may believe that debt [...]
This Memo has important information for everyone. Please share this with your networks and contacts. As entrepreneurs find success with their primary business ventures, and employees salaries increase, many [...]
What is Title Insurance? and why is it important that you choose your own Title Insurance Agent more than ever? When buying a property, Title Insurance is purchased to [...]
Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax [...]
The following is an analysis of President Trump's proposed tax plan as presented on Wednesday April 26, 2017. Note from Chris Whalen, CPA - The information presented here is [...]
Red Bank, NJ — Starting this month, the Internal Revenue Service will begin sending letters to a relatively small group of taxpayers whose overdue federal tax accounts are being [...]
Don’t Worry! Call Me So I Can Get Your Extensions Done. (732) 673-0510 Click here to request a consultation or ask me a question. Please reach out to me without [...]
Tax Reform Update: After 2017 Unreimbursed Business Expenses will no longer be deductible along with all other Miscellaneous Itemized Deductions. After you finish read this memo, make sure you [...]
Many people don’t realize the risk of becoming disabled as the result of an illness or injury at some point in their lives – or how it can affect their ability [...]