2017 – 18 Filing Season Updates

February 10, 2018

HOURS: If you’re an existing client, you’ve received a letter letting you know that I have health issues and how we plan to handle them.  I didn’t find out until late in December and didn’t get my final diagnosis in early January.  It was a totally unexpected diagnosis since I’ve had no health issues outside […]

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When Disaster Strikes

October 4, 2017

Those of us up here in NE see very few natural disasters severe enough to destroy records – but there is always fire and broken pipes – those do happen.  Whether natural, accidental, or human-made, disasters result in data loss and enormous headaches for small businesses unless they prepare ahead of time to deal with […]

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Most Asked About Limit Updates for 2017

January 2, 2017

Standard Deduction: Married filing jointly – $12,700.  Single taxpayers and married individuals filing separately – $6,350.   Head of households – $9,350. Personal Exemption – $4,050.  5 fc STANDARD MILEAGE RATES:  Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 5 cents per […]

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2017 Filing Season Begins . . .

December 12, 2016

Tax season will officially begin on January 23, 2017. Refunds for Returns with EITC or ACTC will be delayed.  The PATH Act of 2015 requires the IRS to hold refunds claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) until February 15. The IRS must hold the entire refund — even the […]

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Still Waiting for RI Refunds?

May 22, 2016

On May 4th, WPRI, Channel 12, in Providence went looking for answers for the late refunds.  The bottom line is you should have it by the end of May and if you don’t, their excuse for not getting them out is that you are suspected of fraud.  Of course it’s not because they just can’t get […]

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IRS SCAM CALLS

May 5, 2016

If you get a call from someone claiming to be from the IRS, it’s a scam.  Just hang up on them.  The IRS will notify you by mail first if there is ever a problem.  If you get a letter from the IRS, send a copy along to us.  We’ll check it out and let […]

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Rhode Island Continues to Have Problems Issuing Refunds

April 22, 2016

If you’re still waiting for a refund from RI, you’re not alone.  They claim they are moving ahead, but based on calls, emails, and messages I’m getting from clients, not very quickly.  Here’s their statement from the end of the filing season. http://www.tax.ri.gov/Tax%20Website/TAX/Advisory/ADV%202016-09.pdf You’ll be thrilled to find out, along with knowing there is no […]

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Payment Plans and Credit Card Payments

April 14, 2016

If you can’t pay your taxes in full, you can ask for payment plans.  The links to more information for both the IRS and CT are here: IRS Payment Plans CT Payment Plans   If you’d like to pay by Credit Cards, that info is here: IRS Payments by Credit Card CT Payments by Credit Card

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Rhode Island Filing Issues

March 24, 2016

The State of Rhode Island and Providence Plantations State Employer ID numbers need to be 9 digits to clear software checks.  Many RI employers are tacking extra zeros on the end of their numbers resulting in the State asking for proof of withholding.  While it’s a huge annoyance, just send them copies of your W-2s […]

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CONNECTICUT DOR CORRECTING ITS ERRORS – MAY COST YOU MONEY

March 24, 2016

Connecticut Department of Revenue Services – http://www.ct.gov/drs/cwp/view.asp?Q=578316&A=1436&pp=12&n=1 From the CT DOR website: ERROR AFFECTING SOME RESIDENT STATE INCOME TAXPAYERS BEING CORRECTED   For Immediate Release: Friday, March 18, 2016 Hartford – Connecticut Department of Revenue Services (DRS) Commissioner Kevin Sullivan issued the following statement. “Late Thursday, DRS discovered that certain information provided to some resident income […]

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