by Andrews Tax Accounting & Bookkeeping | Aug 7, 2019 | Educational
Oregon Gets Surprises Do you remember when Oregonians had to start pumping their own gas? The new freedom was unwanted by some Oregonians. Meanwhile, the whole idea of not pumping your own gas was foreign to many other states including Washington. Well, Oregonians...
by Andrews Tax Accounting & Bookkeeping | Jul 24, 2019 | Educational
The Drafts The IRS recently posted drafts for Form 1040 and the tax return for senior citizens (Form 1040-SR) for the next tax season. The once postcard-sized Form 1040 is now almost a full-page, since the income reconciliation schedule return to the first page....
by Andrews Tax Accounting & Bookkeeping | Jul 17, 2019 | Educational
Do You Have Accountant-Client Privilege Just Like Attorney-Client Privilege? Sort of, under special circumstances. In Title 26 of the Internal Revenue Code Section 7525, it states that accountants (that are federally authorized) and their clients have the same...
by Andrews Tax Accounting & Bookkeeping | Jul 10, 2019 | Educational
Warren Buffett Since 2006, Warren Buffett has been donating stock to charity. This year he is donating $3.6 billion of his stock, which is even more than he donated last year. One of the big beneficiaries of Buffett’s charity is the Bill and Melinda Gates Foundation....
by Andrews Tax Accounting & Bookkeeping | Jul 3, 2019 | Educational
An Appropriations Bill The House recently approved an appropriations bill for a 3.1 percent pay increase for federal workers which includes IRS employees. Additionally, the bill increases funding to taxpayer services by $67 million and aims to modernize business...
by Andrews Tax Accounting & Bookkeeping | Jun 26, 2019 | Educational
A New Cryptocurrency Facebook recently announced its new cryptocurrency, Libra. What is the Aim of Libra? The currency aims to help those who do not have access to banks, as well as to be a payment option that can be used worldwide. What’s the Catch? To use Libra, you...
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