IRS delays start of tax filing season to January 30


On January 8th, the IRS announced that it was delaying tax filing your 2012 tax return until January 30th.  However, certain forms won’t be available until late February or early March.  This means that most taxpayers can begin to file their 2012 tax returns on January 30th.  However, if you own a business or rentalContinue reading “IRS delays start of tax filing season to January 30”

Email from the IRS


I say this slowly for the Jets fans out there: THE IRS NEVER USES EMAIL!!!!!!!!!!!!!!!!!!!!!!!!!! Any email that you receive from the IRS is a scam.  Don’t open it or read it.  Delete it immediately.  See this announcement from the IRS. If it makes you feel better, you can forward the email to the IRS at phishing@irs.gov.

Strassel: Big Business Sells Out Small Business – WSJ.com


Here’s a great column from the WSJ about how Big Business has sold you out. Strassel: Big Business Sells Out Small Business – WSJ.com. I’ll have an update soon about how you can properly prepare your business for the fiscal cliff.    

Why does my accountant take so long


Or cost so much. Because: You never bring the information that I request.  Yes I need your W-2, 1099 and every other damned form you get; You want me to save to save you the most money.  Sometimes it takes meditation or a stroke of genius or a bottle of Jim Beam to find theContinue reading “Why does my accountant take so long”

Starting a small business – Income Tax


I hate paying taxes.  I hate when my clients have to pay taxes.  I hate when my clients say, “I’m happy that I make enough money to have to pay taxes.”  You really shouldn’t be.  Imagine what you could do with the money if you didn’t have to pay it – give to charity, investContinue reading “Starting a small business – Income Tax”

Starting a small business – Taxes Part 1


I should be finishing a third response to the IRS for a client under audit.  The response has me so angry and frustrated that I decided to start a new thread.  By the way, I’ve had 3 clients get audited in 10 years of having my own firm.  That’s 3 out of about 3500 taxContinue reading “Starting a small business – Taxes Part 1”