CHOOSING THE RIGHT TAX PROFESSIONAL

Choosing the right tax professional is a very important decision.  There are all kinds of tax professionals out there ranging from Certified Public Accountants (CPA), Enrolled Agents (EA), and Registered Tax Return Preparers.  One should approach hiring the right tax professional very seriously and with a game plan to ask the right questions.  They should treat the hiring…

CPA WORK LIFE, POST TAX SEASON

Ever wonder what a CPA does post tax season? Well this year’s tax season deadline has come and gone.  So what does a CPA or accountant do once tax season is over?  This is a common question this time of year or when people hear what I do for a living.  Just the other day I was…

TAXPAYER IDENTITY THEFT

Can you think of someone that has been a victim of identity theft? Most everyone can think of at least one person who has had their identity stolen.  Identity theft is quite common, but most people don’t think about their identity getting stolen and having to deal with the IRS.  By now everyone has heard of…

NEW 2011 1099-B

Did you have any stock transactions in 2011? This Mid-February everyone will get a nice surprise when they open up the newly revised 1099-B from their brokerage accounts.  Regulations are requiring that brokerages keep up with and report cost basis information on securities bought and sold after January 1, 2011.  Prior to the brokerage firms keeping…