Memo – Can’t Pay Your Taxes? – There Are Options!
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 [...]
Memo – The Tax Savings From Tax Reform Could Offset The Rise in Mortgage Rates
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
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 [...]
Tax Scam Alert – Scammers Sending Erroneous Refunds Then Calling to Return Money to a Collection Agency
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 [...]
Tax Memo – Common IRS Tax Filing Myths
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. [...]
Tax Memo – Mortgage Insurance Premiums ARE Deductible In 2017 – Legislation Was Passed Extending
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 [...]
Tax Memo – Check Your Pay Stubs For Accuracy! – Payroll Tax Tables Have Changed
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 [...]
Tax Memo – Mortgage Insurance Premiums May Still Be Deductible In 2017
This memo has been superseded.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 [...]
Memo – Options For Paying Your Federal Taxes
There are many ways to pay your federal taxes. The best and most efficient method is to pay your taxes using a direct debit from a bank account when [...]
Tax Memo – Crypto (Virtual) Currency Income Tax Q&A
Are you concerned or confused about how to account for your crypto currency transactions for tax purposes? My firm specializes in analyzing these. Contact us so we can prepare [...]
Tax Reform Update – Child Tax Credit – In 2018, Millions More Are Now Eligible
Under tax reform, starting in 2018, each of your qualifying children may qualify for a Child Tax Credit of up to $2,000. That is double what it was in [...]
Interview – Tax Reform Update – Case Study – 100k Family of 4, Deduction Limitations, Mortgage Interest
Topics: Case Study - Family of 4, Two Parents, Two Children, 100K of wages, renters wondering if buying a home is worth it. SALT Deduction Limitations, Mortgage Interest, Home Equity [...]
Memo – Professional Relationship Inventory
All of us should have a REAL PERSON to contact in the significant areas of our lives shown below. If you have NO contact, or only a customer service [...]
Tax Reform’s Impact – Case Study #4
FACTS: Family of 4, Two Parents, Two Children, 100K of wages. In 2017 they were renters. This case study will analyze and compare the same financial facts based on the [...]
Tax Reform’s Impact – Case Study #1
FACTS: Family of 4, Two Parents, Two Children, 230K of wages, homeowners with itemized deductions. Are you concerned about how the new law will impact your family's or business’ [...]
New Tax Season Notes – Helpful Checklists And Filing Information
Hello and Happy New Year! Tax Season is here again! Tax Preparation Checklist OVERVIEW I prepared this checklist to assist you in gathering your end-of-year income tax information. [...]
Memo – NY and NJ Minimum Wage Changes for 2018
NOTE: If viewing this memo using a phone or tablet, use landscape mode. New Jersey: $8.60 an hour New York State: New York’s minimum wage rate depends on the geographic location [...]
Trump Tax Plan Final Version Issued – Highlights Inside
The House-Senate conference committee has issued their final version of the Trump Tax Plan. I expect this to become law when it finally comes to a vote before Christmas. [...]
Tax ALERT! – Hotmail Users Targeted For Tax Scam
RED BANK NJ — I am warning taxpayers of a new email scam targeting Hotmail users that is being used to steal personal and financial information. The phishing email [...]
Tax Memo – Have “Unreimbursed Business Expenses?”, Ask For A Raise Immediately
Many employees pay for business related expenses that their employer does NOT reimburse. These are called Unreimbursed Business Expenses and they are taken as a deduction on Schedule A, [...]
Interview with Chris Whalen, CPA Trump’s Tax Plan Will Pass! What Steps To Take BEFORE January To Minimize Your 2017 Taxes
Listen to this informative interview with Chris Whalen, CPA where he discusses: Trump’s Tax Plan Will Pass! What Steps To Take BEFORE January To Minimize Your 2017 Taxes Click [...]
Tax Memo – NJ Sales Tax Rate Is 6.625% on January 1, 2018
Starting January 1, 2018, the Sales and Use Tax rate will decrease from 6.875% to 6.625%. Please prepare to update your records accordingly. The new tax rates will be: Atlantic [...]
Trump Tax Plan – Make Your 4th State Estimated Payment By December 31, not January 15
Trump's Tax Plan May Eliminate Your State Tax Deduction Be sure to make your 2017 4th State Estimated Payments BEFORE December 31, so you can deduct them on your [...]
Memo – NJ MAMApreneur Networking
To my female entrepreneur clients and colleagues, I discovered a female-only networking group that is worth checking out. Click on this link to learn more NJ MAMApreneur Networking [...]
Memo – (In The Black) Friday
(In the Black) Friday is coming! To all my procrastinator clients out there, who have been waiting to get their year-to-date information together, this Friday is not a shopping [...]
Memo – Were You a Client of MVP Financial or Scott Newsholme?
If you were a former client of MVP Financial or Scott Newsholme, I urge you to contact my office immediately. I have had a stream of their former clientele [...]
Memo – Tax Records Lost? Rebuild Them Using This Informative Memo
Reconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. After a disaster, taxpayers might need certain records to prove their loss. [...]
Trump Tax Plan – Alimony Deduction, For Cases Settled after 2018, is ELIMINATED under Trump Tax Plan
Are you going through a divorce? Might there be alimony as part of your settlement? Will it not be settled before 12/31/2018? Trump's tax reform plan will eliminate the [...]
Tax Memo – Read The Entire Tax Cuts and Jobs Act
THESE PROPOSED TAX CHANGES ARE THE MOST SIGNIFICANT I HAVE SEEN IN MY CAREER. My team is actively monitoring this situation and how it may impact your family and [...]
Memo – If You Will Not Have Full Year Health Coverage in 2017, Read This Memo Now
The current law dictates that taxpayers who do not have (MEC) Minimum Essential (Health) Coverage, may have to pay a penalty when filing their tax returns. MEC is any [...]