Memo – Coronavirus Individual Stimulus Payments Information
Do you have questions or concerns right now? Call me on (732) 673-0510. Quick Note: Was your stimulus debit card or check lost or stolen? Call this number 800-240-8100 [...]
Memo – Drive Up Tax Meeting Area Available During Coronavirus Outbreak, Social Distancing Friendly
I have established a Drive Up Tax Meeting Area in my parking lot for clients who want social distancing, but still need to meet with me to get their [...]
Memo – Coronavirus Stimulus Bill Details For Businesses
I have consolidated this information into one memo. Please Click Here To Open It Questions? Concerns? Call me on (732) 673-0510. Please reach out to me without hesitation with [...]
Coronavirus Live Tax Update With Chris Whalen, CPA
Do you have questions or concerns right now? Call me on (732) 673-0510. Please reach out to me without hesitation with any tax, business or accounting question, and to [...]
Memo – SBA Business Disaster Loan FAQ
Do you have questions or concerns right now? Call me on (732) 673-0510. For Corona Virus related disaster loans you will be applying under the Economic Injury Disaster Loans [...]
Memo – Scheduled Tax Payments Can Be Canceled, In Case You Want To Take Advantage Of The July 15th Extension
Prior to the tax filing and payment extensions, many taxpayers set up electronic payments on or before April 15th to pay taxes due for 2019. But now, with the [...]
Memo – Chris Whalen, CPA Is Open And Operating At 100% Tax Season Level And Is Ready To Get Your Returns Done
I wanted everyone to know that my CPA firm is open and operating at 100% tax season level. We are prepared to prepare your returns, and most importantly, answer [...]
Memo – State Tax Filing Guidance For Coronavirus Outbreak
Click the link below and search for your state for the latest state level tax deadline changes related to the Coronavirus outbreak. STATE TAX DEADLINE CHANGES RELATED TO THE [...]
Memo – Coronavirus Business Interruption Loans Being Offered By The SBA
My team is ready to assist you in this process. I have consolidated this information in this memo. Please click the link to be redirected. https://www.chriswhalencpa.com/cares-act-coronavirus-relief-bill You will want [...]
Memo – Tax Filing & Tax Payment Deadlines Extended To July 15th, June 30 If NJ Resident
The IRS has extended the due date for your 2019 tax returns to July 15, 2020, June 30 if you are NJ Resident They have also extended the date [...]
QUARANTINED FOR CORONAVIRUS? ORGANIZE YOUR TAX INFO!
Your government ordered Coronavirus Quarantine is a great time to start gathering your income tax data. I prepared the checklist below to help you get started. As always, if [...]
Memo – IRS Is Increasing Home Visits! How To Avoid Them Knocking On Your Door
To listen to the podcast version of memo click here —> Podcast Version You may have read in the news lately that the IRS is going to be stepping up [...]
Article – Chris Whalen, CPA Interviewed On Student Loans And Consumer Debt
Please read this informative ROI-NJ article where Chris Whalen, CPA discusses: The Student Loan and Consumer Debt Problem I am mentioned in the middle of the page in the [...]
Memo – 5 Reasons Why You Should Have A CPA Prepare Your Income Taxes
To listen to the podcast version of memo click here —> Podcast Version Let me premise this memo with the following: If you only have W-2s, with no dependents, and [...]
Interview – Tax and Business Update with Chris Whalen, CPA & David Crossan January 2020
Please listen to this informative podcast / informative, where Chris Whalen, CPA discusses: Tax and Business Update with Chris Whalen, CPA & David Crossan January 2020 Topics: Independent Contractor [...]
Memo – Understanding Charitable Donations Of Cryptocurrency
In 2014, the IRS declared that virtual currency is treated as property for Federal income tax purposes and providing examples of how long standing tax principles applicable to transactions [...]
Memo – Is Your Income Mostly CASH? Follow These Steps To Legitimize Your Business And Stop Worrying
To listen to the podcast version of memo click here —> Podcast Version I get calls every day with many varied income tax and business related questions. Quite often, people [...]
Memo – January 15th, 2020 Is The Last Day That You Can Make An On-Time Estimated Tax Payment For 2019 Income Taxes
To listen to the podcast version of memo click here —> Podcast Version This memo is for my self-employed clients and colleagues. Many of you don't know that you need [...]
Memo – Does Your CPA / Tax Preparer Keep Your Personal Data In The Cloud?
Your income tax data is the ultimate prize for an identity thief. Would you be shocked to learn that most CPAs store your tax data in the cloud and [...]
Memo – Steps To Confirm You Are An Independent Contractor (Subcontractor) Or Are Paying One
To listen to the podcast version of memo click here —> Podcast Version There is much confusion today about who is an employee and who is an Independent Contractor. Yes, [...]
Memo – Crypto Traders, The IRS Is Gaining Access To Your International Accounts
To listen to the podcast version of memo click here —> Podcast Version Main take away to this memo is as follows. If you have NOT properly accounted for your [...]
Memo – Rental Real Estate Now May Qualify For The (QBI) Qualified Business Income Deduction
To listen to the podcast version of memo click here —> Podcast Version This memo is extremely important tax news for anyone with positive income from rental properties. When was [...]
Memo – For 2020, 1099-NEC Replaces 1099-MISC For (NEC) Non-Employee Compensation
To listen to the podcast version of memo click here —> Podcast Version This goes into effect in 2020. So, for my subcontractor clients used to getting a form 1099-MISC [...]
Memo – The Work Opportunity Tax Credit Can Save Your Company Thousand$
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment. WOTC [...]
Memo – How can WeWorks’ Problems Benefit Your Company?
To listen to the podcast version of memo click here —> Podcast Version We've all been hearing how WeWorks is on the verge of bankruptcy or total collapse. How can [...]
Democratic Candidates, Will You Sign This Contract With The American People To Never Raise Taxes If Elected?
Questions? Concerns? Call me on (732) 673-0510. Get my memos in your inbox by clicking here ---> http://eepurl.com/7rJdT Click here to request a consultation or ask me a [...]
Memo – Partner or Stockholder? Are You Given A Full Copy Of That Company’s Tax Return At Year End?
To listen to the podcast version of memo click here —> Podcast Version Many of my clients are the main partner of their partnerships or their corporations. Some of my [...]
Memo – Analysis of Elizabeth Warren’s Wealth Tax
To listen to the podcast version of memo click here —> Podcast Version Like many Democrats, Elizabeth Warren openly espouses raising taxes on the rich. You will hear them say [...]
Memo – 2019 FLSA Overtime Final Rule Changes: 5 Key Facts
The Department of Labor (DOL) issued changes that substantially increase the minimum salary requirement for certain exemptions under the Fair Labor Standards Act (FLSA). The final rule is scheduled [...]
Tax Memo – Is Sugar Baby Income Taxable?
To listen to the podcast version of memo click here —> Podcast Version I published a comprehensive book on running your Sugar Baby or OnlyFans Business and how to handle [...]