Tax ALERT! – Hotmail Users Targeted For Tax Scam
RED BANK NJ — I am warning taxpayers of a new email scam targeting Hotmail users that is being used to steal personal and financial information. The phishing email [...]
Tax Memo – Have “Unreimbursed Business Expenses?”, Ask For A Raise Immediately
Many employees pay for business related expenses that their employer does NOT reimburse. These are called Unreimbursed Business Expenses and they are taken as a deduction on Schedule A, [...]
Interview with Chris Whalen, CPA Trump’s Tax Plan Will Pass! What Steps To Take BEFORE January To Minimize Your 2017 Taxes
Listen to this informative interview with Chris Whalen, CPA where he discusses: Trump’s Tax Plan Will Pass! What Steps To Take BEFORE January To Minimize Your 2017 Taxes Click [...]
Tax Memo – NJ Sales Tax Rate Is 6.625% on January 1, 2018
Starting January 1, 2018, the Sales and Use Tax rate will decrease from 6.875% to 6.625%. Please prepare to update your records accordingly. The new tax rates will be: Atlantic [...]
Trump Tax Plan – Make Your 4th State Estimated Payment By December 31, not January 15
Trump's Tax Plan May Eliminate Your State Tax Deduction Be sure to make your 2017 4th State Estimated Payments BEFORE December 31, so you can deduct them on your [...]
Memo – NJ MAMApreneur Networking
To my female entrepreneur clients and colleagues, I discovered a female-only networking group that is worth checking out. Click on this link to learn more NJ MAMApreneur Networking [...]
Memo – (In The Black) Friday
(In the Black) Friday is coming! To all my procrastinator clients out there, who have been waiting to get their year-to-date information together, this Friday is not a shopping [...]
Memo – Were You a Client of MVP Financial or Scott Newsholme?
If you were a former client of MVP Financial or Scott Newsholme, I urge you to contact my office immediately. I have had a stream of their former clientele [...]
Memo – Tax Records Lost? Rebuild Them Using This Informative Memo
Reconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. After a disaster, taxpayers might need certain records to prove their loss. [...]
Trump Tax Plan – Alimony Deduction, For Cases Settled after 2018, is ELIMINATED under Trump Tax Plan
Are you going through a divorce? Might there be alimony as part of your settlement? Will it not be settled before 12/31/2018? Trump's tax reform plan will eliminate the [...]
Tax Memo – Read The Entire Tax Cuts and Jobs Act
THESE PROPOSED TAX CHANGES ARE THE MOST SIGNIFICANT I HAVE SEEN IN MY CAREER. My team is actively monitoring this situation and how it may impact your family and [...]
Memo – If You Will Not Have Full Year Health Coverage in 2017, Read This Memo Now
The current law dictates that taxpayers who do not have (MEC) Minimum Essential (Health) Coverage, may have to pay a penalty when filing their tax returns. MEC is any [...]
Memo – Top 10 Tax Facts if You Sell Your Home
Do you know that if you sell your home and make a profit, the gain may not be taxable? That’s just one key tax rule that you should know. [...]
Still Not Filed Your 2016 Taxes? Time is Running Out! October 15th Is Quickly Approaching!
The last day to file your 2016 tax returns on time is October 15! If you have a history of tax filing procrastination and have not filed your 2016 [...]
Memo – Alimony – Paying It? Receiving It? You Need Tax and Financial Planning
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 [...]
Tax Memo – Newlywed? Finish that Champagne, Then Read These Important Tax Tips
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 [...]
Tax Memo – Seniors and Retirees – This Memo’s For You
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 [...]
Tax Memo – Shared Economy Issues – UBER, AIRBNB & Other Entrepreneurs
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 [...]
Tax Memo – IRS Expands Individual Online Info Available
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 [...]
Tax Memo – Filing Taxes Late? Be Ready for Interest and Penalties
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 [...]
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 – 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 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 [...]
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 [...]
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 [...]
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 [...]