By The Book

07/27/2024

Support law enforcement 100%…defund the police and catch and release needs end now.

06/05/2021

Never think you can outsmart Uncle Sam.....

The owner/operator of a Jersey Shore asphalt and concrete maintenance company must spend a year and a day in federal prison after shorting the IRS $435,270.58 in payroll taxes.Donato DiPasquale, 57, of Brick has already paid up $307,404 of…

02/14/2021

A friendly reminder to all those who think there are secret or special deductions only certain preparers know about...here’s what happens. The one point the article doesn’t talk about is how all the taxpayers who used these unscrupulous preparers had to pay back all the unpaid tax with interest and most likely penalty as well. Morale of the story,,,.do it yourself or use a CPA.

A twice-convicted tax preparer who helped New Jersey clients scam the IRS out of $1.6 million is headed to federal prison for the next five years.Joseph Kenny Batts, 52, of Elkridge, MD became the third of five men sentenced for preparin...

02/10/2021

TV Commercials make you think everything in life can be a do-it-yourself project.....Bottom line is if you have no clue as to what the final product, in this case, a tax return should look like...how can you blindly accept what the computer spits out?

Working with a trained tax expert can net many benefits for taxpayers, including peace of mind that their return is accurate and compliant with IRS policies. It is ultimately the taxpayer who is responsible for the information on their ...

01/21/2021

Be Aware

ALERT: No sooner did the second round of stimulus checks start going out than a new wave of scams began, authorities said.With COVID-19 still rampant and tax filing season near, thieves have been busy tricking honest Americans out of the...

05/21/2020

One of the most common questions received

People are panicking about how their stimulus payments might affect their tax returns. Here's what you need to know.

04/13/2020

Recently all to common a question.

Some companies have already started receiving relief funds. If you haven't, here are some options if you're growing anxious.

03/21/2020

In Summary, Lead, follow or just get out of the way....

Six things you needed to start doing yesterday. By Allan Koltin There is now a new way to keep score, and it is becoming the new normal...

03/20/2020

What the tax extension really means

The Internal Revenue Service (IRS) has announced that the due date for making tax payments has been pushed to July 15, 2020.

03/20/2020

An update on many of the common questions the COVID-19 virus has raised

Small employers particularly should err on the side of caution. We consulted our community of employment law, HR, and small business experts, and they recommend taking action in three areas:

03/09/2020

Even as an Independent contractor, your travel to and from a regular workplace for an indefinite period of time will be considered non-deductible commuting.

The case of Deborah Louise Biegalski v. Commissioner, T.C. Summ. Op. 2019-35 (Dec. 3, 2019)(Judge Colvin) teaches a useful lesson in the difference between deductible business travel and non-deductible commuting for taxpayers who work as independent contractors. The wrinkle in this case was that the...

03/02/2020

I remind everyone to take every question on your return seriously

Did you do any crypto in 2019, yes or no? If you check no, but IRS later finds it, you could face big trouble. You have to answer and file under penalties of perjury, and the IRS is unforgiving. Just look at offshore accounts, where the IRS won big time on just such a question.