March 13, 2014
By Salvatore J. Armao, CPA/PFS, CFP, CFE, CGMA
Managing Partner, Armao LLP
According to a recent release by the Internal Revenue Service entitled Tips for Taxpayers, Victims about Identity Theft and Tax Returns, “Identity theft remains a top priority for the Internal Revenue Service in 2014. Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS.”
FOREWARNED IS FOREARMED
Despite this dire news, there are ...
Read the March 2014 issue of The Client Bulletin
In this month's issue:
Time for an S Corp Election?
Four Way to Use Social Media
Interest Deductions: Divide and Conquer
A Quick Fix for Workplace Problems
Facts and Figures
1. Declutter. It was a long winter. Bills got thrown in piles, pay stubs are in a drawer at the office, your tax paperwork is still strewn across your desk. Start by collecting everything so it's all in one place. Throw it all on the dining room table if it makes you happy. Then walk away. Why? Because that's step one, and this task is often too overwhelming to tackle all at once.
"You're going to spend several sessions ...
Identity theft remains a top priority for the Internal Revenue Service in 2014. Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS. This year, the IRS continues to take new steps and strong actions to protect taxpayers and help victims of identity theft and refund fraud.
Stopping refund fraud related to identity theft is a top priority for the tax agency. The IRS ...
At tax time, there is not substitute for the assistance of an experienced accountant! Turn to the professionals at Armao LLP for all your tax preparation needs. Before you know it, April 15th will be at your doorstep!
From IRS impersonators to tax preparers behaving badly, scammers are on the prowl this tax season.
Here are "the Dirty Dozen" schemes the IRS is warning about:
1. Identity Theft
The IRS continues to be overwhelmed by identity theft, which occurs when a fraudster uses someone else's name and social security number to claim refunds.
While the agency has been cracking down on the issue -- the number of identity theft-related criminal investigations surged 66% last year -- it still paid out nearly ...
The February 2014 issue of The Wealth Architect
February is a busy month. Has the groundhog predicted six more weeks of winter? Will Valentine's Day be snowy or warm and sunny? Will people remember why we commemorate President's Day or will it be just another one to "shop till you drop"?
Whatever keeps you busy this month...shoveling, sipping hot chocolate, working and relaxing, there's always time to consider the important topics covered in the February 2014 issue of The Wealth Architect.
Read the February 2014 issue of The Client Bulletin
In this month's issue:
Four Ways to Downsize The Kiddie Tax
Make a Choice on State tax Deductions
Do Early tax Filers Get the Worm?
Can You Count on Noncompetes?
Facts and Figures
Marking the passing of Pete Seeger at the age of 94
While many people disagree about what their favorite song or lyric by Pete Seeger is, no one disagrees about the profound impact that the folk-singing legend had on the labor movement in the second half of the 20th century.
Seeger marched and performed at hundreds of rallies for different unions over the years.
Henry Foner, who had known Seeger for more than 60 years, remembers one meeting in particular for the ...
Make good use of this year's Armao LLP 2014 Quick Reference Guide. Included in the Guide, you'll find:
Social Security Wage Base, earnings limitation before reduction of Social Security benefits
Standard mileage rates
NYS Minimum Wage
IRS Retirement Plan Limits
Estate and Gift Tax exclusions
Due dates for Payroll Taxes and Sales Tax
NYS Sales Tax rep0rting
CLICK ON EITHER IMAGE FOR LARGER COPIES OF BOTH PAGES