Identity Theft is on the rise nationally. If you have been victimized, there are steps that you can immediately take to protect yourself and mitigate your future losses. These steps start [...]
I am encouraging my clients to consider a mid-year tax withholding checkup following several new factors that could affect their refunds in 2017. Taking a closer look at the taxes being withheld [...]
Please read and share this informative memo. Click Here To Read The Memo Please reach out to me without hesitation with any tax, business or accounting question, and to schedule [...]
Note from Chris Whalen, CPA: The New Overtime Rules Impact EVERYONE, employers and employees alike. So please take a moment and see how this may impact you, your family and [...]
I get this question almost everyday. Many people miss out on medical deductions for two reasons: They believe that they will not have enough to reach the minimum based on [...]
The IRS Has Eased Rules on the timing of IRA and Pension Rollovers The Internal Revenue Service today provided a self-certification procedure designed to help recipients of retirement plan distributions [...]
Fall marks the beginning of charitable gift giving season. Remember, your donation or gift must be made by December 31 in order for it to be deductible in the current [...]
If you receive an email that seems to be from the IRS, DO NOT OPEN IT. DO NOT CLICK ON ANY ATTACHMENT. The IRS will not email any taxpayer. The [...]
A decade ago, few of us had heard of identity theft. Now, most of us know someone who has been a victim. And of course, a large portion of ID [...]
For 2016, there are new filing deadlines for W2s and 1099-Misc forms as follows: Form Recipent Due Date Government Copy Due Date W2 January 31, 2017 January 31, 2017 [...]
You usually will have taxes withheld from your pay if you are an employee. However, if you don’t have taxes withheld, or you don’t have enough tax withheld, you may [...]
The individual shared responsibility provision requires you and each member of your family to have basic health coverage – also known as minimum essential coverage – qualify for a health [...]
Click HERE to read my free EBook on NJ Exit Tax. Please reach out to me without hesitation with any tax, business or accounting question, and to schedule a consultation. Tax [...]
With the start of school just around the corner, parents should be aware of the following tax breaks and deductions available for qualifying expenses. Private School Tuition and School Uniforms [...]
Here are the top 21 questions I get regarding IRS Refunds. Q1: How quickly will I get my refund? The IRS issues most refunds in less than 21 calendar [...]
From an income tax, accounting and business perspective, Donald Trump was the clear choice for president. That is why I endorsed him well before the election. My feelings are [...]
The IRS is warning consumers about a "sophisticated" phone scam targeting taxpayers, including recent immigrants, nationwide. Victims are told they owe money to the IRS and that they must pay [...]
Use the right form That would be the Form 1040X, Amended U.S. Individual Income Tax Return. It must be paper-filed, and the box at the top showing which year is [...]
www.chriswhalencpa.com Please take a look and give me your comments. They are much appreciated! Please reach out to me without hesitation with any other tax, business or accounting question. [...]
Understanding your tax obligations is one key to business success. When you start a business, you need to know about income taxes, payroll taxes and much more. Here are my [...]
I get this question often, especially this time of year. Many of us are very generous, but hesitate to claim all of that charitable generosity as an itemized deduction on [...]
Author’s Note: This memo discusses Substantially Equal Periodic Payments (SEPP) as a strategy to avoid early withdrawal penalties. There are other ways to avoid early withdrawal penalties. Please call [...]