This law is repealed BUT - THIS WILL NOT BE RETROACTIVE TO 10/1/2018. Important Notice to Sellers and Purchasers of Transient Accommodations Amendments to the Sales and Use Tax [...]
To listen to the podcast version of this memo click here –> Podcast Version Of course the CPA you choose is the most significant professional choice you can make. ;-) [...]
Click the video below to listen to this informative podcast with Chris Whalen, CPA where he discusses: Trump Tax Reform - Alimony Tax Treatment Is Changing Get my memos [...]
Basic questions and answers on new 20-percent deduction for pass-through businesses Below are answers to some basic questions about the new 20-percent deduction for pass-through businesses. Also known as [...]
529 plans are a great vehicle to save for college tuition. Tax reform has enhanced and expanded the use of 529 funds. What is a 529 plan? A 529 [...]
If your 2017 Business or Personal Tax Returns are note done yet, please contact me as time is running out to file on time. Call me now (732) 673-0510 [...]
Listen to this informative interview with Chris Whalen, CPA as he discusses NJ Tax Amnesty, Alimony Changes, Tax Post Card, Timing Charitable Giving, Qualified Business Income Get my memos [...]
Listen to this informative podcast from Chris Whalen, CPA as he discusses Trump Tax Reform - Post Card - 7 Forms Instead of 1 Is Simplification? Get my memos [...]
Trump's Tax Plan includes a Qualified Business Income (QBI) Deduction. This deduction gives up to a 20% deduction on certain business income and uses sometimes complicated formulas. This deduction [...]
People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit [...]
What is an ITIN? An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the Internal Revenue Service. The IRS issues ITINs to individuals who are [...]
The Tax Cuts and Jobs Act, signed Dec. 22, 2017, changed some laws regarding depreciation deductions. Do you have questions? Call me: 732-673-0510. Businesses can immediately expense more under [...]
Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Questions? Concerns? Call me on (732) 673-0510. Important Update! NY SUPREME COURT ORDERS CPA TO PROVIDE [...]
Weds., May 30, 2018, 6pm LBI - Ocean County Library 217 S Central Ave Surf City, NJ 08008 RSVP to: chriswhalencpa@gmail.com Get my memos in your inbox by clicking [...]
Listen to this informative interview with Chris Whalen, CPA as he discusses the 2018 tax changes with Joel Markel. Get my memos in your inbox by clicking here ---> http://eepurl.com/7rJdT [...]
This memo has been updated. Please click here to read the latest NJ Amnesty Information -----> Memo – NJ Amnesty Letter – Did You Get One? Do you, or [...]
It is extremely rare that the IRS, or any state, will reduce your tax liabilities when you have the ability to pay them in the future. The radio and [...]
Listen to this informative interview where Chris Whalen, CPA discusses: Cryptocurrency NJ Refunds Delayed Checking The Adequacy of Your Payroll Deductions Unreimbursed Expenses Get my memos in your inbox [...]
Some NJ refunds are severely delayed this year. I have inquired with The Division of Taxation several times, but they have yet to give me a definitive reason why. [...]
NOTE: If viewing this memo on a phone or tablet, use landscape mode. I was featured in an article for ROI-NJ on Crypto (Virtual) Currencies and Income Taxes. Page [...]
Purposefully not reporting or misreporting your Crypto related income is Tax Evasion at a minimum, and Tax Fraud at worst. I follow many crypto podcasts, forums and newsletters and [...]
In response to a court order, Coinbase is reporting information on some of its users. If you have crypto transactions you haven't properly accounted for over the past several [...]
If you are going to attempt to use the IRS Website to establish an installment plan, I urge to call me before you start so I can give advice [...]
We have seen an uptick in mortgage rates and this has people believing they can afford less of a house. This is quite often untrue, as the tax savings [...]
Watch my Youtube interview with Styxhexenhammer666 "A Chat With Chris Whalen, CPA Re: Trump Tax Plan, SALT, Income Tax Brackets, etc" Get my memos in your inbox by clicking [...]
Red Bank, NJ — I wanted to warn taxpayers of a quickly growing scam involving erroneous tax refunds being deposited into their bank accounts. I will also provide a [...]
Red Bank, NJ — With the 2018 filing season in full swing, I wanted to offer taxpayers some basic tax and refund tips to clear up some common misbeliefs. [...]
NOTE: If viewing this memo using a phone or tablet, use landscape mode. Mortgage Insurance Premium (MIP) treated as qualified residence interest has been extended to 2017 so they [...]
President Trump's Tax Reforms will mean lower taxes for most of us. Part of this process is the changing of the payroll tax tables for the federal income tax [...]
This memo has been superseded. The legislation did pass extending this deduction into 2017. Please click below to read the updated memo. Tax Memo – Mortgage Insurance Premiums ARE [...]