Memo – Tips to Prepare for Hurricanes, Floods and Other Natural Disasters
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 [...]
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.Memo – Debt Consolidation Options When Banks Have Rejected You
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 [...]
Memo – Benefits of Real Estate Investing
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 [...]
Memo – Title Insurance – Things You Need to Know
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 [...]
Tax Memo – Early Withdrawals from Retirement Plans
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 [...]
Memo – Trump Tax Plan Update #1
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 [...]
Tax Memo – IRS Now Using Private Debt Collectors Sometimes
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 [...]
It’s April 15th and Your Taxes Aren’t Done! Now What?
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 Memo – Form 2106 – Employee Business Expenses – Top Tips
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 [...]
Memo – Disability Income Planning – Vital For Your Family
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 [...]
Tax Memo – It’s April 1st (My Birthday) Only 14 Days Until Tax Day!
It’s April 1st (my birthday, really) Do You Know Where Your Income Taxes Are? Only 14 days until April 15th!! Call Me So I Can Get Your Extensions Done. Click [...]
Tax Memo – Extensions DO NOT Postpone Paying Your Taxes Due on April 15th
It is a common misconception that getting an extension of time to file your tax returns, form 4868, also extends the time that any taxes you owe are also due. [...]
Tax Memo – IRS Refund Myths Debunked & Where’s Your Refund?
I want to remind you about some basic tips to keep in mind about your refunds. During the early parts of the tax season, early filers are anxious to get [...]
Tax Procrastinators! Yes You! April 15th Is Quickly Approaching!
If you have a history of tax filing procrastination, call me immediately for CPA Therapy Sessions. The IRS got more than 131 million tax returns last month. Was yours [...]
Tax Memo – Debt Cancellation May be Taxable
If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who [...]
Memo – FAKE NEWS! (well, fake tax news)
Everyday I get questions related to things people have heard about taxes on the radio, television or internet. Most of these are FAKE (tax) News. Here are the top offenders: [...]
Memo – Real Estate Agents – Trump’s Tax Plan Is Great For You
Take a good look at this man. Trust him? Maybe not.. But I do know..... Real Estate Agents - Trump means larger home sales for you! Realtors should be considering the tax [...]
Interview – Trump Tax Planning with Chris Whalen, CPA
Click here to request a consultation or ask me a question. Please reach out to me without hesitation with any tax, business or accounting question, and to [...]
Memo – Reasons to Consider Refinancing Now, As Opposed to Later
Do you own a home AND… additional debt? As interest rates continue their climb upward, I have been asking myself, “Why would anyone still want to refinance their home mortgage?” [...]
Memo – Are You Being Bernie Madoff-ed?
Do you own a business, or are you involved in a business partnership or an investment and have concerns about how those investments or your business interests are being [...]
Tax Memo – Dangerous W-2 Phishing Scam Evolving
URGENT ALERT! Please forward this email, after reading it yourself of course, to your employer's Human Resources Department. Chris Whalen, CPA is issuing an urgent alert to all employers that the [...]
Tax Memo – File A NYS Return? You Must Now Give Your Driver’s License #
Overview Beginning in Tax Year 2015—following the lead of the IRS—New York began to capture taxpayers’ driver license or state-issued ID (non-driver ID) information for their electronically-filed personal income tax [...]
Memo – Special Needs Child Approaching 18?
If you have a special needs child approaching the age of 18, I strongly urge you to call me so I can put you in touch with an attorney [...]
Memo – Subcontractors v. Employee Classification – There Are Rules!
Many business owners make the mistake of believing that they can simply choose who to classify as a subcontractor and who as an employee. This is not true! There [...]
Tax Memo – Is Your Gift Taxable?
If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax. Here are [...]
Mortgage Memo – FHA To Cut Mortgage Insurance Premiums
One Last Cut To FHA Premiums The annual premium paid by borrowers on mortgages backed by the Federal Housing Administration (FHA) is going down by a quarter of a percent. [...]
Tax Memo – 2017 Mileage Rate is 53.5 cents Per Mile
2017 Standard Mileage Rates for Business, Medical and Moving Announced WASHINGTON — The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs [...]
Memo – W2 Missing? Here’s What To Do
More and more I am hearing from clients whose former employers are failing to send them W2s. You don’t have to feel helpless in this situation. There are specific steps [...]
Tax Memo – 2017 NJ Sales Tax Rate is now 6.875%
For 2018 Sales Tax Rates, please click here Tax Memo – NJ Sales Tax Is Changing January 1, 2018 NOTICE SALES AND USE TAX RATE CHANGE 6.875% SALES AND USE [...]
Tech Memo – Parents, Teens and Smartphones
Is your a teenager carrying a smartphone? Please read this urgent and informative memo. Please share this with other parents you know. If you need any direction regarding these issues, [...]