Interview – Trump Tax Planning with Chris Whalen, CPA
Click here to request a consultation or ask me a question. Please reach out to me without hesitation with any tax, business or accounting question, and to [...]
About Chris Whalen, CPA
I’m Chris Whalen, CPA. For over thirty years I have been the owner and Managing Member of a Certified Public Accounting and Business Advisory firm providing a full range of income tax, accounting and advisory services for individuals and businesses. I am licensed in all states and serve clients throughout the country but extensively in Red Bank, Middletown, Rumson, Colts Neck, Holmdel, Monmouth County and Ocean County.Memo – Reasons to Consider Refinancing Now, As Opposed to Later
Do you own a home AND… additional debt? As interest rates continue their climb upward, I have been asking myself, “Why would anyone still want to refinance their home mortgage?” [...]
Memo – Are You Being Bernie Madoff-ed?
Do you own a business, or are you involved in a business partnership or an investment and have concerns about how those investments or your business interests are being [...]
Tax Memo – Dangerous W-2 Phishing Scam Evolving
URGENT ALERT! Please forward this email, after reading it yourself of course, to your employer's Human Resources Department. Chris Whalen, CPA is issuing an urgent alert to all employers that the [...]
Tax Memo – File A NYS Return? You Must Now Give Your Driver’s License #
Overview Beginning in Tax Year 2015—following the lead of the IRS—New York began to capture taxpayers’ driver license or state-issued ID (non-driver ID) information for their electronically-filed personal income tax [...]
Memo – Special Needs Child Approaching 18?
If you have a special needs child approaching the age of 18, I strongly urge you to call me so I can put you in touch with an attorney [...]
Memo – Subcontractors v. Employee Classification – There Are Rules!
Many business owners make the mistake of believing that they can simply choose who to classify as a subcontractor and who as an employee. This is not true! There [...]
Tax Memo – Is Your Gift Taxable?
If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax. Here are [...]
Mortgage Memo – FHA To Cut Mortgage Insurance Premiums
One Last Cut To FHA Premiums The annual premium paid by borrowers on mortgages backed by the Federal Housing Administration (FHA) is going down by a quarter of a percent. [...]
Tax Memo – 2017 Mileage Rate is 53.5 cents Per Mile
2017 Standard Mileage Rates for Business, Medical and Moving Announced WASHINGTON — The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs [...]
Memo – W2 Missing? Here’s What To Do
More and more I am hearing from clients whose former employers are failing to send them W2s. You don’t have to feel helpless in this situation. There are specific steps [...]
Tax Memo – 2017 NJ Sales Tax Rate is now 6.875%
For 2018 Sales Tax Rates, please click here Tax Memo – NJ Sales Tax Is Changing January 1, 2018 NOTICE SALES AND USE TAX RATE CHANGE 6.875% SALES AND USE [...]
Tech Memo – Parents, Teens and Smartphones
Is your a teenager carrying a smartphone? Please read this urgent and informative memo. Please share this with other parents you know. If you need any direction regarding these issues, [...]
Chris Whalen, CPA – Master Memos & Podcasts Listing
Click on the memo name to open. Podcast – Abolish The IRS? Not So Fast, Not So Simple | Alison Morrow Interview Memo – Business [...]
Tax Memo – Earned Income Tax Credit – Avoid These Common Errors!
Errors can delay your refund or the IRS could end up denying your EITC claim. Watch out for these common errors when claiming EITC. COMMON EITC ERRORS Claiming a child [...]
Tax Memo – Tax Tips for Newlyweds
Before the memo begins, please read this important message. President Elect Trump is planning a major Tax Overhaul in 2017! Now is the time for YOU to plan, NOT after the [...]
Memo – Great Xmas Gift for Dads and Dad-To-Be!
Have a Dad or Dad-to-Be on your Christmas List? Not sure what to get them? I have your answer! Foxhole Father - The Field Guide For Fathers Click here [...]
Tax Memo – Year End Tax Tips! Trump is Coming!
Note From Chris Whalen, CPA: This memo relates to 2016 so it is slightly outdated. Please call me directly to discuss current rates and income tax strategies. 732-673-0510. 2016 [...]
Tax Memo – Students Beware! – New Scam Is Targeting You!
The Internal Revenue Service issued a new warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax that they call the “federal student tax.” [...]
Memo – Think You’re Middle Class? You Probably Aren’t
Do you think you are “middle class?” Most likely you are not, although your parents and grandparents were. From an economic, tax and family perspective we have been degraded closer [...]
Tax Memo – Beware of Fake IRS Tax Bill Notices
Chris Whalen, CPA is issuing a warning to all taxpayers of fake IRS tax bills they may receive related to the Affordable Care Act. We have received numerous reports of [...]
Tax Memo – 2017 Pension Plan / IRA / 401K Limitations
Highlights of changes for 2017 401(k) Contribution Limit Remains Unchanged at $18,000 for 2017. The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), [...]
Post 2016 Election Roundtable with Chris Whalen, CPA
Join Chris Whalen, CPA and Ted Hicks as they discuss how the election of Donald Trump may impact the future our families, businesses and country. Please reach out to me [...]
Memo – Underground Storage Tank? Don’t Panic, You Might be Covered
Old storage tanks can present significant and complex problems. Discovering a leaking underground storage tank can be nightmare for property owners, particularly in New Jersey. New Jersey requires disclosure of [...]
Tax Memo – Does Your CPA Keep Your Personal Information In The Cloud?
Where does your CPA / Tax Preparer store your personal financial data? Do you know? We all hear constantly of "cloud based" servers being hacked and millions of identities [...]
Tax Memo – Tax Benefits Increasing in 2017
The IRS has announced the tax year 2017 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. The tax year 2017 [...]
Memo – In A 401K? Check Your Fees TODAY
Information in this Memo: Why consider fees? What are 401(k) plan fees and who pays for them? What fees are associated with my investment choices in a 401(k) plan? [...]
Election Memo – NJ Voters – VOTE YES TO DEDICATE GAS TAX TO TRANSPORTATION ONLY
On November 8, New Jerseyans will have an opportunity to vote on an amendment to the New Jersey constitution that would mandate that all revenue raised by the state's motor [...]
Tax Memo – FBAR – Things You Need to Know
Do you have any money or assets outside the U.S.? Seems like a pretty straightforward question, doesn’t it? Well, a lot of people are surprised to learn that they do [...]
Memo – You Need A Business Line of Credit – Here’s Why
If you only take away from concept from this memo, let it be this. The best time to apply for a line of credit is when you don’t need one. [...]