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To our clients who file Individual (1040), C Corporations (1120 calendar year), and Trust (1041) returns, this is a friendly reminder that our firm cutoff date to receive your tax information to timely file your 2022 tax return due on April 15, 2023, is Wednesday, March 15, 2023.

To our clients who file Partnerships (1065) and S Corporations (1120-S) returns, this is a friendly reminder that our firm cutoff date to receive your tax information to timely file your 2022 tax return, due March 15, 2023, is Wednesday, February 15, 2023. If you would like your

Health Savings Accounts (HSAs) are medical savings accounts similar to IRA accounts, with attractive opportunities.  To be eligible to contribute to an HSA, you must be enrolled in a High Deductible Health Plan, as defined by the HSA rules, and if on Medicare, contributions to an HSA

The IRS reminds taxpayers that they have expanded the instructions for answering the “digital asset” question on page one of their federal tax returns.  The question must be answered “yes” or “no” even if they were not engaged in any activities involving digital assets. The link below

In late December, Congress passed an omnibus budget bill, and the President signed it into law on December 29, 2022. SECURE 2.0 was buried within this bill and contained many retirement account changes. SECURE 2.0 provides new incentives for employers to offer employees retirement plans to participate

Starting 1/1/23, the IRS has increased the business standard mileage rate as listed below: 65.5 cents per mile for business travel – up 3 cents per mile 22 cents per mile for medical – no change 14 cents per mile for charitable purposes – no change The

For our clients who pay quarterly estimated tax payment vouchers, this is a friendly reminder the next payment is due on or before January 15, 2023.  If there has been any changes in your 2022 taxable income projections, let us know as soon as possible to determine

As a reminder, when making an online IRS payment, use the name and social security number of the first taxpayer listed on the return. When processing a tax return, the IRS computer systems look at the first taxpayer for estimated tax or balance-due payments, not the spouse

Tax season is officially upon us! To prepare for your tax filings, we are providing you with a few reminders: Engagement letters for your personal or business tax return will be sent to you when your documents arrive at our office for preparation. To increase our imprint

The IRS will soon begin to send out the 2023 Identity Protection PIN (IP PIN) filing information letters.  Individuals will only receive an IP PIN letter if they previously received one or requested to participate in the IP PIN program. Taxpayers can participate in the IP PIN