Tax Tips & News: Tax Preparation

Tax Copies or IRS Transcript? How to Get Them and Which is Better.

3 minutes read

Keeping copies of your tax returns is essential for at least three years. However, if you accidentally dispose of some of that paperwork too soon, there's no need to panic. You can request a tax transcript from the IRS at no charge, and it serves as a valid alternative to your original tax return. Whether you need it for a home loan application or college financial aid, obtaining an IRS transcript is a straightforward process. Here’s how you can get your IRS transcript hassle-free.

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DIY Tax Software vs. Tax Professionals: Which is the Better Choice?

3 minutes read

When it comes to preparing your taxes, you have a few options. One option is to use do-it-yourself tax software—such as TurboTax, H&R Block or TaxAct—which can be a convenient and affordable way to file your taxes. However, there are some risks associated with using DIY tax software that all taxpayers should be aware of. Alternatively, you can choose to work with a dedicated tax professional from R&G Brenner, who can provide you with expert guidance and ensure that your taxes are prepared...

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How To Find The Right Tax Professional For Me

4 minutes read

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The True Cost of Do-It-Yourself Taxes

4 minutes read

Fellow tax professional Dave Ramsey recently preformed a survey of 2000 taxpayers; about half of who prepared their own returns, and the other half who had them prepared professionally. This is what he found:

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R&G Brenner Receives 2011 Best of Business Award

1 minute read

The Small Business Community Association (SBCA) has selected R&G Brenner Income Tax to receive the 2011 Best of Business award in the field of Income Tax Preparation for the NY Metro Area.  This is the second time that R&G Brenner has received this award. Thanks to all of R&G Brenner’s hard working associates and staff who made this award possible. And a special “thank you” goes out to all R&G Brenner clients. Is is due to your loyal patronage that R&G Brenner will be celebrating it 71st...

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New R&G Brenner Midtown Office Location!

1 minute read

I am pleased to announce the location of our new Midtown Manhattan office!

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Same-Sex Couples Face Tax Hurdles

3 minutes read

This past June, New York became the 6th state to legalize same sex marriage. Regardless of ones individual beliefs concerning same-sex marriage, this much is clear: Tax laws–which are already complex & confusing–are that much more baffling for same-sex couples. This is mainly due to the fact that the Federal Government does not recognize same-sex unions. Same-sex couples must file separate federal returns, however they can file jointly in New York State and some other states that recognize...

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Tax Benefits Increase for 2012

4 minutes read

Even in the face of severe federal & state deficits, many tax benefits are due to raise for tax year 2012 (calendar year 2013).  By law, tax provisions are required to keep pace with inflation.  The new dollar amounts affecting most taxpayers are:

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October 17th Deadline for Tax Return Extensions Approaching

1 minute read

Oct. 17 is a key deadline for millions of individual taxpayers who requested an extension to file their 2010 tax returns. The IRS expects to receive millions of tax returns from taxpayers who used Form 4868 to request a six-month extension to file their returns.

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Free Tax Prep Sites: Inaccurate Returns & Privacy Breach Concerns

4 minutes read

The old adage that “you get what you pay for” is compounded when applied to free income tax preparation…In fact, a free tax return may cost taxpayers more than they bargained for.  The title of a report filed by the Treasury Inspector General for Tax Administration (TIGTA) sums it up frankly: Accuracy of Tax Returns, the Quality Assurance Processes, and Security of Taxpayer Information Remain Problems for the Volunteer Program.

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