Don’t Fall for Charity Scams Following Disasters

The IRS warns consumers not to fall for bogus charity scams. They often occur in the wake of major disasters like the recent tornadoes in the Midwest or the typhoon in the Philippines. Thieves play on the goodwill of people who want to help disaster victims. They pose as a real charity in order to […]

Your Annual Financial To-Do List

Things you can do before & for 2014. Provided by Milton Cooley   What financial, business or life priorities do you need to address for 2014? Now is a good time to think about the investing, saving or budgeting methods you could employ toward specific objectives. Some year-end financial moves may prove crucial to the […]

Financial Considerations for 2014

What changes should we consider making for next year? Provided by Milton Cooley 2014 is really not too far away. Fall is the time of year when the financially savvy start to look for ways to reduce their taxes and make year-end moves in pursuit of key financial objectives. What might the big picture hold? […]

IRS Warns Public of Scams Relating to Relief of Typhoon Victims

WASHINGTON ― The Internal Revenue Service today issued a consumer alert about possible scams taking place in the wake of Typhoon Haiyan. On Nov. 8, 2013, Typhoon Haiyan – known as Yolanda in the Philippines – made landfall in the central Philippines, bringing strong winds and heavy rains that have resulted in flooding, landslides, and […]

Temporary Tax Provisions Set to Expire in 2014

Some may be renewed, others may not be. Provided by Milton Cooley At the end of every year, certain federal tax breaks face a sunset. Some are renewed, some expire. As 2014 will soon start, here is a list of some of notable tax provisions that may go away next year – offering some opportunities […]

IRS Warns of Phone Scam

November 8, 2013 The IRS is warning the public about a phone scam that targets people across the nation, including recent immigrants. Callers claiming to be from the IRS tell intended victims they owe taxes and must pay using a pre-paid debit card or wire transfer. The scammers threaten those who refuse to pay with […]

Time-Saving Option Helps Small Businesses Under Audit

November 7, 2013 WASHINGTON — The Internal Revenue Service announced the nationwide rollout of a streamlined program designed to enable small businesses under audit to more quickly settle their differences with the IRS. The Fast Track Settlement (FTS) program is designed to help small businesses and self-employed individuals who are under examination by the Small […]

Healthcare reform is here to stay so get in where you fit in

I have been assisting a number of clients with the expected tax consequences of the Affordable Care Act also known as Obamacare and I am finding that for the most part people are either misinformed or uninformed.  There is also a great deal of fear and trepidation regarding the change to Obamacare.  Humans are predisposed […]

IRS Warns of Pervasive Telephone Scam

IRS YouTube Video: Tax Scams: English | Spanish | ASL WASHINGTON — The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country. Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. […]

IRS Announces 2014 Pension Plan Limitations

WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014.  Some pension limitations such as those governing 401(k) plans and IRAs will remain unchanged because the increase in the Consumer Price Index did not meet the statutory thresholds for […]