IRS Clarifies Taxpayer Identity Theft Procedures

IRS Clarifies Taxpayer Identity Theft Procedures

IRS has clarified several procedures that apply when there is identity theft, including when taxpayers should and should not file Form 14039, Identity Theft Affidavit. Circumstances under which taxpayers should file Form 14039 with IRS. The Form 14039 affidavit should...
401(k) Plan Scare Tactic Phone Calls – Don’t be Duped

401(k) Plan Scare Tactic Phone Calls – Don’t be Duped

Have you receive a telephone or email inquiry regarding your 401(k) plan from someone you do not know? All 401(k) plans have basic information including company name, trustee name, number of employees, fees paid and plan balances posted on the U.S. Department of Labor...
Tracking Your Business Mileage

Tracking Your Business Mileage

Do you use your personal vehicle in your business activities? This article offers options for tracking your deductible business mileage: https://www.uberkit.net/blog/7-best-free-mileage-tracking-apps/...
Avoiding Tax-Related Identity Theft

Avoiding Tax-Related Identity Theft

Wells Fargo Advisors has put out a flyer of tips to help reduce your chances of becoming a victim of tax-related identity theft. Click here to read the PDF.    ...
Seniors – IRS Impersonation is the Most Frequently Reported Scam

Seniors – IRS Impersonation is the Most Frequently Reported Scam

The most frequent incident of scams reported by senior citizens is IRS impersonation! On February 15, 2017, the US Senate Special Committee on Aging announced the top scams targeting our nation’s seniors in 2016. The number of calls to the Senate Aging Committee’s...
Growing Pains for Millennial Taxpayers

Growing Pains for Millennial Taxpayers

By Beth Pinsker, Lauren Young and Bernadette Baum Original article:  http://www.reuters.com/article/us-taxes-millennials-tips-idUSKCN0VQ1OS NEW YORK (Reuters) – The typical millennial tax client that accountant Jeffrey Gentner sees in Buffalo, New York is often...
Average Billing Rate Survey Results are In

Average Billing Rate Survey Results are In

Based on the Intuit Average Billing Rate Survey Results, this is what closely held businesses can expect to pay for accounting and bookkeeping services and support. 2015 Intuit Billing Rate Survey Designation of Survey Respondents Keep in mind that billing rates and...

IRS Form SS-8: What to do if you receive one!

Form SS-8 may be filed by either a worker/independent contractor or a business. This form seeks clarification as to whether a worker (or class of workers) is an independent contractor or an employee. A worker generally submits the request to determine that he is an...