NEW! VIRTUAL TAX PREP
Meet with our tax pro's via video chat and file your taxes from the comfort of your own home!
 
Book Appointment Now
Tax App Download - Apple
tax-app-download-google-play
Need to File an Amended Return?

Tax Tips & News: Tax & Financial News (17)

F.T.C Accuses American Tax Relief of Empty Promises

2 minutes read

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.

Read More

Estate Taxes: A Time to Give and Save

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.

Read More

Upcoming Changes Cause Tax Uncertainty

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.

Read More

Tax Cuts Over?

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.

Read More

Convert to a Roth IRA or Stick with your Traditional IRA…

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.

Read More

New Requirements for Federal Tax Return Preparers

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...

Read More

Exclusive Interview With TurboTax Whistle Blower

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...

Read More

What If Turbotax Makes a Mistake?

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:

Read More

Half of Americans Will NOT Pay Taxes in 2010

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.

Read More

States Are Crossing Borders to Collect Taxes

5 minutes read

The States are getting desperate. New York & Connecticut (among others) are gearing up to enforce a tax law usually reserved for the rich and famous. Athletes, for example, make millions upon millions of dollars and their travel schedules are well known. Therefore, when they travel to another state to play, that particular state taxes a prorated share of their annual income. Due to the financial crisis and state budgets crises, now the Joe-the-Plumbers of the world can expect to be taxed just...

Read More