Category Archives: Tax Tips

Tax Tips from the IRS

IRS App Offers Payment Options

WASHINGTON, D.C. (SEPTEMBER 16, 2015) BY JEFF STIMPSON The IRS2Go app can now be used to make payments, as well as check refund status and receive tax tips. IRS2Go Version 5.2 now provides access to mobile-friendly payment options such as … Continue reading

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Even MORE Suspicious Activity at the IRS

If you are particularly nervous about having your identity stolen, you should do a credit freeze, as long as you won’t be applying for a mortgage, car loan or other credit anytime soon, AND CONTACT OUR OFFICE IF YOU NEED … Continue reading

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IRS CRACKS DOWN ON TAX ID THEFT: COULD YOU BE A VICTIM?

For the past several years, the IRS has been cracking down on a frightening problem: identity theft schemes that are aimed at stealing taxpayers’ refunds. When this type of fraud occurs, an individual’s refund can be delayed for months or … Continue reading

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New Tax Penalty Starts Today on Small Business Health Insurance

New Tax Penalty Starts Today on Small Business Health Insurance WASHINGTON, D.C. (JULY 1, 2015) BY MICHAEL COHN Small business groups are sounding a warning about an obscure Internal Revenue Service rule that takes effect Wednesday imposing heavy fines on … Continue reading

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Affordable Care Act (ACA) UPDATE…..[aka Obamacare]

Above the Forms: Updated – King vs Burwell and What it Means for Your Clients by Mike D’Avolio Today, the Supreme Court ruled to uphold the current Affordable Care Act law, allowing millions of Americans to continue to have access … Continue reading

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Did Pennsylvania Department of Revenue change your return without our knowledge? (Part 2)

This is a follow-up to our last post, which can be found in the Archive.  (Click the title above.) PICPA_Issue_Brief_Unreimbursed_Expenses

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Did Pennsylvania Department of Revenue change your return without our knowledge?

This notice is for our clients that have/had a PA schedule PA-UE (Unreimbursed Expenses) attached to their returns in the last couple of years, (mostly employees, as opposed to our self-employed taxpayer clients, or retiree clients). For example, this form … Continue reading

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OBAMACARE – IRS notice 2015-17

This info may, or may not, apply to you. Contact your health insurance rep if you have questions. It’s common practice for some small employers to reimburse or pay the health insurance premiums for the individual policies owned by their … Continue reading

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Welcome to the spring of our 40th Tax Season!

SUBSCRIBE, UPDATE, (or UNSUBSCRIBE), to our IRS Tax Tips Newsletter, here. We’re working on future newsletters for Personal Finance, Financial Services, Investments, Insurance, and Long-Term Care Insurance, so we’ll keep you posted when available. – Steve Clott Steve Clott, CPA … Continue reading

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Understanding Your 5071C Letter

Understanding Your 5071C Letter This letter tells you that the IRS received a tax return with your name and/or social security number and needs to verify your identity. You can verify your identity using our secure Identity Verification Service site … Continue reading

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New IRS Publication helps you understand the Health Care Law

New IRS Publication helps you understand the Health Care Law There is a new publication that will help you learn about how the Affordable Care Act affects your taxes.  IRS Publication 5187, Health Care Law: What’s New for Individuals and … Continue reading

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