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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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: [...]
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 [...]
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 [...]
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?” [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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, [...]
Click on the memo name to open. Podcast – A.I. / Robotics Companies Will Be Limited Due To HCF IRS Direct Deposit Letter – CP53E [...]
Errors can delay your refund or the IRS could end up denying your EITC claim. Watch out for these common errors when claiming EITC. COMMON EITC ERRORS Claiming a child [...]