CERTIFIED PUBLIC ACCOUNTANT
One of the most frightening thoughts many taxpayers have is the idea of being audited by the IRS. Due to budget cuts, the number of annual audits appears to be declining among taxpayers who earn less than $200,000. However, higher-earning taxpayers, especially those with incomes of $1 million or more,... Continue reading →
Retirement should be a time to relax, travel, spend time with friends and family, and enjoy the fruits of many years of labor. However, for many Americans, retirement planning may not be at the forefront of their minds when at the start of their careers. Fortunately, even workers who are... Continue reading →
As of May 2013, the IRS now requires all employer identification number (EIN) holders to provide updated responsible party information. A revised version of Form 8822-B is now available. The revised form includes instructions describing the frequency and manner in which taxpayers who are affected by the new requirement must... Continue reading →
Although the process of applying for Social Security Benefits may seem straightforward, it is a decision that requires careful consideration. There are many intricacies that can directly impact the annual amount an applicant will ultimately receive. Through careful Social Security planning, married couples can especially take advantage of strategies that may... Continue reading →
When considering Social Security benefits, it is important to know that benefits are calculated using the highest 35 years of indexed earnings and wages, including zero-earning years. In addition, knowing the following prior to applying for Social Security benefits can also be monumentally helpful: Receiving Benefits The earliest age at... Continue reading →
