by Andrews Tax Accounting & Bookkeeping | Jan 9, 2019 | Educational
Tax Season and Tax Returns This tax season, the IRS will start processing electronic and paper tax returns on January 28th (one day earlier than last year which is impressive given the TCJA). Note that taxpayers can file as soon as they like but their returns will not...
by Andrews Tax Accounting & Bookkeeping | Nov 21, 2018 | Educational
IRS Building photo courtesy of TravelingOtter The IRS’s Three Pase Plan Back in August, the IRS announced some changes to be made to the tax transcript process. This is to due past hacks by cyber-criminals. There are three phases to this plan and we are almost...
by Andrews Tax Accounting & Bookkeeping | Oct 11, 2018 | Educational
A while ago the AICPA requested that the IRS clarify the state of some deductions, in particular meals and entertainment, for the coming tax year. Well, we finally have an answer. Businesses can still deduct 50 percent of meals while entertaining clients....
by Andrews Tax Accounting & Bookkeeping | Aug 1, 2018 | Educational
IRS vs. Coinbase Cryptocurrency has been around for a while. A few years ago, the IRS demanded the personal information of users of Coinbase, a digital currency exchange. Eventually, Coinbase had to hand over the information in a court ruling. Do you know why this...
by Andrews Tax Accounting & Bookkeeping | Jun 13, 2018 | Educational, Tips
Know the Signs of a Scam Tax season may only consist of a few months but tax scammers work year-round, so it is important to know the tell-tale signs of an IRS scam. Here are a few tips to spot a scam: Caller ID is not fact. People can manipulate caller ID to appear...
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