Tax Tips & News | R&G Brenner (21)

Connecticut To Use Debit Cards For Refunds

2 minutes read

The State of Connecticut has indicated that it will stop issuing paper refund checks and instead will use Chase Bank debit cards. These cards will need to be activated before they can be used. CT taxpayers can opt-out and receive their refund by direct deposit, however they will not have the option to receive a check unless a taxpayer’s refund in exceeds $10,000, one is collecting refunds on behalf of the deceased or has an offshore bank account.

Lessons Learned From Mitt Romney’s Tax Return

8 minutes read

Republican candidate Mitt Romney recently bowed to pressure last week and released his 2010 tax return. What it showed is that Romney paid a little less than $3 million in taxes on $21.6 million of income. This equates to an affective tax rate of less than 14%–far below what the average taxpayer pays.

IRS Delaying Refunds For Early Filers

3 minutes read

IRS Delaying Refunds for Early Filers

If you are one of the millions of taxpayers who filed early this year, the IRS has emailed tax professionals that they may be delaying the release of refunds by about a week (or even more).

NJ & NY Ranked Worst Tax Climates For Business

2 minutes read

According to the Tax Foundation–a Washington D.C. based research firm–New Jersey & New York Sates were ranked the worst climates in the United States for business.

IBM’s Watson Assisting NY State To Catch Tax Cheats

2 minutes read

The name “Watson”–the IBM supercomputer that beat human Jeopardy champions handily–has become a fixture in today’s lexicon. So much so that the New York State Department of Taxation has partnered with IBM and is using the same technology developed for Watson to review tax returns. Thomas H. Mattox, the tax commissioner explained that their new systems incorporates the use of “business analytics” to determine the merit of tax returns. In other words, Watson is helping NY to catch cheaters.

R&G Brenner In NY Daily News

5 minutes read

Mr. Dennis Grogan–one of R&G Brenner’s Senior Tax Consultants & an Enrolled Agent at our Midtown Manhattan location–was recently interviewed by the NY Daily News. Here’s what he had to say about this upcoming tax season:

8 Tax Tips For Tax Year 2011

5 minutes read

Every year, taxpayers forfeit more than one billion dollars of their money to the government. Missed tax credits and deductions, choosing the wrong filing status, not filing at all and other errors all keep taxpayers from getting all they are due in tax refunds.

Penalties For NY Taxpayers Who Fail To File Electronically

2 minutes read

The New York State Department of Taxation wants all tax returns filed electronically this year. In years past, they have assessed penalties to Paid Income Tax Preparers as an “incentive” to file returns they prepare electronically. This year, they have gone one step further. New York is now assessing penalties directly to the tax payer as well as the tax preparer:

Last Minute Tax Savings For 2011

5 minutes read

Happy New Year!

With all the uncertainty the still remains regarding the tax code for 2011, there is still some steps you can take to help save or off-set some taxes. Here are 5 tips from small business advocate Barbara Weltman to help you out before the apple drops on 2011:

R&G Brenner’s New Look

1 minute read

R&G Brenner Logos Over Time

We’ve updated our look this year! Our old logo served us well over the last twenty years or so, but we felt it was time for a change. Over the course of the next year, we will be gradually phasing out our old green logo, and phasing in the new tricolor logo. Most of our 27 locations will be co-branded with both so as to not completely confuse our clients. We hope you like it as much as we do. Please feel free to let us know how we can continue to improve our...

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