Memo – Medicaid Look Back Period – Plan Now, Not Later
I get so many calls like this: "Chris, if my elderly parent suddenly needs to go into a nursing home, how can I protect their assets?" "Chris, what [...]
Hurricane Harvey Disaster Relief Information
For Immediate Assistance For food, clothing, evacuation/transportation assistance, or other immediate assistance, please contact: The American Red Cross: (www.redcross.org/find-help) or call toll free 1-866-438-4636; or 2-1-1 Texas (www.211texas.org) or dial 2-1-1 [...]
Tax Memo – Gambling Winner? Loser? Read These Tax Tips
Chris Whalen, CPA Note: Don't roll the dice with your taxes! The best bet you can make is to choose the best CPA! You must report all gambling winnings as [...]
Memo – Alimony – Paying It? Receiving It? You Need Tax and Financial Planning
My firm specializes in the income tax and financial implications of divorce. If you are in any stage of a divorce, and have not sought the advice of a [...]
Memo – 5 Myths of Long Term Care Insurance
Paying for Long Term Care is something everyone needs to plan for and understand. There is so much misinformation out there about Long Term Care Insurance, I decided to [...]
Tax Memo – Newlywed? Finish that Champagne, Then Read These Important Tax Tips
Spring showers bring summer flowers and weddings typically aren’t far behind. Newlyweds have a lot to think about and taxes might not be on the list. However, there is [...]
Tax Memo – Seniors and Retirees – This Memo’s For You
My Retiree and Senior client base continues to grow, and with that comes special tax planning needs. There is so much information out there on taxes and from so [...]
Tax Memo – Shared Economy Issues – UBER, AIRBNB & Other Entrepreneurs
Note From Chris Whalen, CPA: This memo includes important information for all entrepreneurs as well as those participating in the Sharing Economy. If you use one of the many [...]
Memo – President Trump’s Report Card, Mid-Year 2017
First, I have to say in my almost 30-year career I have never seen such enthusiasm and positive public sentiment among my entrepreneur clients and overall positive consumer confidence. [...]
Podcast – Gender Pronouns & The Reality of Street Level Business
Please listen to this informative episode of The Street Level Business Podcast with Chris Whalen, CPA
Tax Memo – IRS Scammers Are Back With a New Way to Steal Your Money
Red Bank, NJ – The Internal Revenue Service today warned people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to [...]
Tax Memo – Worried Everyday That The IRS Will Be Knocking On Your Door?
Do you spend your days consumed with worry over your income taxes? Do you worry that every knock on your door or caller on your phone could be the [...]
Tax Memo – IRS Expands Individual Online Info Available
Chris Whalen, CPA Note: The IRS Online tools can be very frustrating. Most of my clients give me a Power of Attorney so I can do this research for [...]
Tax Memo – Filing Taxes Late? Be Ready for Interest and Penalties
Note from Chris Whalen, CPA - Even if you cannot pay your tax, FILE YOUR TAXES ON TIME. You can always apply for an installment plan. Many taxpayers don't [...]
Veterans’ Tax Memo – Military Family Tax Relief Act – Know Your Veteran Benefits
On Nov. 11, 2003, President Bush signed into law the Military Family Tax Relief Act of 2003. Among its provisions are these tax breaks related to military personnel: Death [...]
Tax Memo – IRS Agents Can Visit Your Home or Office – Be Prepared
The Internal Revenue Service can send agents to your home or business unannounced. The incidence of this is on the rise. But how can you determine if that person [...]
Memo – Tips to Prepare for Hurricanes, Floods and Other Natural Disasters
RED BANK, NJ — Hurricane Preparedness Week is only one 7 days in May, May 7 to 13, but this is far too short in my opinion. Every week should [...]
Memo – Debt Consolidation Options When Banks Have Rejected You
What do you do when you have a financing or debt consolidation need and you have hit dead ends with traditional lenders, banks, etc? You may believe that debt [...]
Memo – Benefits of Real Estate Investing
This Memo has important information for everyone. Please share this with your networks and contacts. As entrepreneurs find success with their primary business ventures, and employees salaries increase, many [...]
Memo – Title Insurance – Things You Need to Know
What is Title Insurance? and why is it important that you choose your own Title Insurance Agent more than ever? When buying a property, Title Insurance is purchased to [...]
Tax Memo – Early Withdrawals from Retirement Plans
Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax [...]
Memo – Trump Tax Plan Update #1
The following is an analysis of President Trump's proposed tax plan as presented on Wednesday April 26, 2017. Note from Chris Whalen, CPA - The information presented here is [...]
Tax Memo – IRS Now Using Private Debt Collectors Sometimes
Red Bank, NJ — Starting this month, the Internal Revenue Service will begin sending letters to a relatively small group of taxpayers whose overdue federal tax accounts are being [...]
It’s April 15th and Your Taxes Aren’t Done! Now What?
Don’t Worry! Call Me So I Can Get Your Extensions Done. (732) 673-0510 Click here to request a consultation or ask me a question. Please reach out to me without [...]
Tax Memo – Form 2106 – Employee Business Expenses – Top Tips
Tax Reform Update: After 2017 Unreimbursed Business Expenses will no longer be deductible along with all other Miscellaneous Itemized Deductions. After you finish read this memo, make sure you [...]
Memo – Disability Income Planning – Vital For Your Family
Many people don’t realize the risk of becoming disabled as the result of an illness or injury at some point in their lives – or how it can affect their ability [...]
Tax Memo – It’s April 1st (My Birthday) Only 14 Days Until Tax Day!
It’s April 1st (my birthday, really) Do You Know Where Your Income Taxes Are? Only 14 days until April 15th!! Call Me So I Can Get Your Extensions Done. Click [...]
Tax Memo – Extensions DO NOT Postpone Paying Your Taxes Due on April 15th
It is a common misconception that getting an extension of time to file your tax returns, form 4868, also extends the time that any taxes you owe are also due. [...]
Tax Memo – IRS Refund Myths Debunked & Where’s Your Refund?
I want to remind you about some basic tips to keep in mind about your refunds. During the early parts of the tax season, early filers are anxious to get [...]