Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop reading and call me on (732) 673-0510. WASHINGTON — To help taxpayers with filing, I wanted to debunk some common myths to help taxpayers understand what to do with Form 1099-K. The IRS announced in Nov. 2023, that the reporting threshold for Form 1099-K, Payment Card and Third Party Network Transactions, would not change for 2023. The reporting threshold requirements remain over $20,000 in payments and over 200 transactions. I continue to see misinformation cir ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop reading and call me on (732) 673-0510. WASHINGTON ― The Internal Revenue Service announced today that almost 940,000 people across the nation have unclaimed refunds for tax year 2020 but face a May 17 deadline to submit their tax returns. The IRS estimates more than $1 billion in refunds remain unclaimed because people haven’t filed their 2020 tax returns yet. The average median refund is $932 for 2020, and the state-by-state table below shows how many people are potentia ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop listening and call me on (732) 673-0510. Click the video below to watch: Podcast – Tax Inflation Is Coming. Can You Afford It? Alison Morrow Interview Get my podcasts and memos in your inbox by clicking here —> http://eepurl.com/7rJdT Click here to request a consultation or ask me a question. Please reach out to me without hesitation with any tax, business or accounting question, and to schedule a consultation. Tax Laws are complex. It is very easy t ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop reading and call me on (732) 673-0510. The IRS is using part of their new funding to target 125,000 higher earning taxpayers who have not filed past years’ returns and / or also have not paid past due taxes. This process will start with a letter mailing campaign. Are you high earning? Are you behind on your tax filings? Do you have large prior year balances due to the IRS?   Then you should be calling me immediately to prepare your returns and to get into compli ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop reading and call me on (732) 673-0510. Main Settlement Website: https://www.realestatecommissionlitigation.com/ What are the Settlements about? The Settlements resolve claims against Anywhere Real Estate, Inc. f/k/a Realogy Holdings Corp. (“Anywhere”), RE/MAX LLC (“RE/MAX”), and Keller Williams Realty, Inc. (“Keller Williams”) in a lawsuit that alleges the existence of an anticompetitive agreement that resulted in home sellers paying inflated commissions to real estate ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop reading and call me on (732) 673-0510. To listen to the podcast version of memo click here —> Podcast Version The most important concern we all should have in an election year is a selfish one. Is my family doing better financially? Will the person who we vote for maintain or create an environment that puts my family and our country and its citizens first? One main way to assess your family’s financial health is at tax time. Did you know that President Trump’s t ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop listening and call me on (732) 673-0510. To read the text version of this podcast click here —> Text Version Click the video below to listen to this episode of The Street Level Business Podcast with Chris Whalen, CPA where he discusses: Podcast – State Of The Union 2024 – Income Tax Perspective To read the text version of this podcast click here —> Text Version Get my podcasts and memos in your inbox by clicking here —> http://eepurl.com/7rJdT Click h ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop reading and call me on (732) 673-0510. RED BANK, NJ ― With back-to-school season in full swing, I wanted to remind parents and students about tax benefits that can help with the expense of higher education. Two college tax credits apply to students enrolled in an eligible college, university or vocational school. Eligible students include the taxpayer, their spouse and dependents. American Opportunity Tax Credit The American Opportunity Tax Credit, (AOTC) can be wor ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop listening and call me on (732) 673-0510. To read the text version of this podcast click here —> Text Version Click the video below to listen to this episode of The Street Level Business Podcast with Chris Whalen, CPA where he discusses: Business Owners With A Retirement Plan | Who Is Your TPA? (Third Party Administrator) To read the text version of this podcast click here —> Text Version Get my podcasts and memos in your inbox by clicking here —> http ..read more

Want my podcasts and blog posts delivered to your inbox? Click here to subscribe Any Questions or Concerns right now? Stop reading and call me on (732) 673-0510. To listen to the podcast version of memo click here —> Podcast Version As a business owner, if you offer retirement plans to your employees, a TPA (Third Party Administrator) is the professional that maintains your official retirement plan documents and keeps them in compliance with the IRS’s ever-changing rules. A third party administrator (TPA) is an organization that manages many day-to-day aspects of your employee retir ..read more