From CEO: We are 7 months into the year 2015. Let’s Talk?? You should have at least 4 charitable receipts Goodwill, Purple Heart, Disabled Vets, etc. If you got a raise, you should have change your exemptions to compensate for your raise. Did you get health insurance, if you didn’t have any in 2014, the penalty is 3x’s this year? Please don’t let me catch you putting clothes in them bins, get a receipt. Did you start a emergency savings account? Did you open a 529 College Fund for your child or grandchild? Did you buy a new house or car, remember sales tax is a write off? Did you have face to face time with your Accountant to help you prepare for the 2015 tax year? For those of[...]
From CEO – Mad today. My 80 year old client was scammed out of $50,000 from someone in Africa claiming some kind of investment that will double your money. “REALLY”. People just like you have a relationship with GOD, just like you have a relationship with your spouse, HAVE A RELATIONSHIP WITH YOUR MONEY. Didn’t you read about GOD, didn’t you get to know your spouse, didn’t you ask questions?? Hello – do not sign your name on nothing you don’t understand. Please do not send money to anybody overseas, state to state, whomever without knowing the facts. People even claiming their calling from the IRS. IRS only deal with you via MAIL. You will never get a call from the IRS talking about send money right away. Wake up[...]
From CEO: Just to set the record straight, since I have been filing a lot of extensions. **An extension to file will give you until Oct. 15 to file your taxes. It does not give you more time to pay your taxes. You still must estimate and pay what you owe by April 15th to avoid a late filing penalty. You will be charged interest on any tax that you do not pay on time. You may also owe a penalty if you pay your tax late.** Even though you file an extension, please plan to get your taxes done ASAP. If you owe, this will increase the amount you owe once the IRS put those extra fees on it. I have been telling you all to get ready. I am not[...]
JUST A FRIENDLY REMINDER FOR ALL YOU SLACKERS I MEAN LATE FILERS – LET’S GET TO STEPPING!!! YOU KNOW I AM GOING TO LET YOU KNOW. SNAP SNAP! The tax filing deadline is less than two weeks away, and the Internal Revenue Service has already received 90 million individual tax returns.
From CEO: FYI – something you should know. If you don’t have health insurance, YOU WILL HAVE TO PAY A PENALTY ON YOUR 2014 TAX RETURN!!! How Much Is It? For the first year of the new law, 2014, the fine for not having insurance is the lowest it will be. After that, it goes up steeply in 2015 and again in 2016. There are two ways the government will calculate what you owe when you file your taxes. You have to pay whichever amount is higher. The fees for 2014 ($95 for each adult and $47.50 for each child, but not more than $285 total per family).Or 1% of your family’s yearly taxable income. Please get health insurance before 2015 – the penalty is almost triple. I will keep[...]