Tax Memo – W2 and 1099 Filing Deadlines have changed for 2016
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 [...]
Tax Memo – Five Tips on Estimated Tax Payments
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 [...]
Tax Memo – Do You Have Qualifying Health Care Coverage?
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 [...]
EBook – NJ Real Estate Exit Tax by Chris Whalen, CPA
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 [...]
Tax Memo – Back to School Tax Tips
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 [...]
Tax Memo – IRS Tax Refunds – Your Questions Answered
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 [...]
Memo – A Trump Presidency is Better for the Middle Class and Business
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 [...]
Memo – The IRS Will NOT Call You! Scam Phone Calls Are on The Rise!
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 [...]
Tax Memo – 10 Tips on Amending a Tax Return
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 [...]
Memo – My New Website is Live!
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. [...]
Tax Memo – Five Tips For Starting a Business
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 [...]
Tax Memo – Charitable Contributions – Do These Trigger an IRS Audit?
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 [...]
Tax Memo – Need Your IRA Money Early? You Can Avoid Penalties
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 [...]