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The Internal Revenue Service has been plagued with phishing schemes in recent years. Taxpayers beware that the IRS will never contact you via email, so anything that you receive via email that says it is from the IRS is actually not.
3 minutes read
Last week H&R Blocks stocks plummeted to the lowest they’ve been since 2001, after news that the national chain may not be able to offer Refund Anticipation Loans (R.A.L.) for the upcoming tax season. More recently the stocks are teetering up and down as news about their legal dispute with H.S.B.C., the bank they use to offer Refund Anticipation Loans, continues to be discussed.
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The ladies of R&G Brenner walked to raise funds and awareness for Strides Against Breast Cancer at Jones Beach.
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To taxpayers who have outstanding I.R.S debts, the promise of debt relief is one that is quickly welcomed. However, those of us in the tax business know that such relief is not easily attained and any resolution involving income tax will require a lot of hard work and time. Even after putting in much effort a good outcome is still not guaranteed. Beware of companies that make the audit or tax abatement process seem easy, because it is anything but.
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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.
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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.
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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.
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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.
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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...
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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