3 minutes read
Estate planning is about organizing your assets which can prevent family fights and make sure that your well earned monies do not go to the government after death. Estate planning can be complex involving various legal documents; but now is the time to take advantage of record tax savings and discuss the options with your Tax Consultant, Financial Advisor and Attorney.
1 minute read
There is a lot of uncertainty pertaining to tax rates and cuts to previous provisions this year. Specifically the Estate Tax, Alternative Minimum Tax, Investment Taxes and Income Tax Rates in general are in question. There is a good possibility that Congress will cut out previous provisions which will cause an increase for the upper 2% of tax payers.
2 minutes read
It seems that the end of the year brings with it great uncertainty about our taxes. Tax cuts enacted by Congress in 2001 and 2003 are set to expire, this could mean higher taxes for some Americans.
3 minutes read
This year conversions from Traditional to Roth IRA’s were way up due to the elimination of income limitations that were previously applied to the conversions. But is converting to a Roth IRA a good idea when it comes to your income taxes? In some cases it is a smart move to convert now and in others the tax implications are far too great.
2 minutes read
The IRS has confirmed that the proposed New Requirements for Federal Tax Return Preparers will begin by the end of this year and will be enforced for the coming tax season in 2011. Tax Return Preparers will be required to register with the IRS by obtaining a Preparer Tax Identification Number (PTIN) which is unique to each Tax Preparer and will allow the IRS to track how many returns and which returns each individual tax preparer prepares each year. Return preparers will be charged an...
1 minute read
Thanks to the efforts of Mr. Charles Freret, the following fax was sent by the Vice President of TurboTax. If you are a taxpayer that has used Turbotax and filed with a 1099R for tax years 2007, 2008 or 2009, you should contact Mr. Meighan via fax at 858-408-2714
14 minutes read
Last week, I did a blog post about Mr. Charles Freret who went on a one-man crusade to expose a flaw in the popular do-it-yourself tax program: Intuit’s TurboTax. You can read that article & post here. After Mr. Freret read the aforementioned post, he contacted R&G Brenner and agreed to sit down for an exclusive interview. Mr. Freret’s story of persistence to discover the truth is incredible. What he uncovered along his journey is TurboTax is miscalculating tax returns on a large scale. And...
2 minutes read
Well tax day is finally here! It’s been a rough year for all american taxpayers due to the economic crises; including the employees and associates of R&G Brenner. Therefore I would like to thank all R&G Brenner associates for their hard work, 12 hour work days and tireless efforts. Without these experienced professionals, as well as all of our valued and loyal clients, R&G Brenner would not and could not be what it is today. Thank you all.
5 minutes read
TurboTax–the leading do-it-yourself tax software estimated to be used by 40 million taxpayers in 2010–is miscalculating tax returns:
4 minutes read
All is not well at the IRS. According to the Tax Policy Center–and what is surely to exacerbate the Federal budget crisis-47% of American households will pay ZERO federal income taxes this year.