Is the IRS really closed for business? The federal government shut down at midnight Friday (January 19) after the Senate failed to pass a continuing spending resolution that would have funded the government going forward. The shutdown started nine days before the Jan. 29 scheduled start of tax season, and it is unclear how tax season will be affected. During the last federal government shutdown, in 2013, the...
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Mitch Helfer 
20/01/2018 Choosing Your Tax Representative This year, choosing the “right” Tax Preparer is perhaps one of the most important decisions you’ll make when preparing your taxes. Tax preparers see a lot of personal information from their clients. Each year we see more and more taxpayers who suffer financially because they made a “poor” choice in choosing a tax preparer. Now, more than ever, the IRS...
Read More Mitch Helfer 19/01/2017 12 Things You Need to Know About the IRS Audit This year we compiled a list of perhaps the most important things you need to know about getting audited by the IRS. The “good news” is that IRS office examinations are perhaps at an all time low. The “bad news” is that there are perhaps more examinations than ever but most of the examinations are done by getting a letter from...
Read More Mitch Helfer 31/07/2016 What is the Obama Care Penalty for 2014 for Not Having Health Insurance? Obama Care’s individual mandate requires that most Americans obtained health insurance by 2014 or pay a tax penalty (the Obama Care Penalty for 2014). The individual mandate went into effect January 1st, 2014 and continues each year. The penalty for not having coverage will be paid on your Federal Income Tax Returns for each full month you or a family...
Read More Mitch Helfer 26/01/2015 IRS Adopts “Taxpayer Bill of Rights” – Taxpayer Rights The Internal Revenue Service (IRS) this week announced the adoption of the Taxpayer Bill of Rights. For the most part, there’s really nothing new here. The IRS does not necessarily have the “final word”. The Taxpayer Bill of Rights gives taxpayers certain taxpayer rights to challenge the decisions made by the IRS that impact their tax obligations and payment of...
Read More Mitch Helfer 14/06/2014 Property Management Tax Reporting for Foreign Investors Property Management Tax Reporting for Foreign Investors. Before agreeing to manage U.S. real property for a foreign taxpayer, a real estate professional or rental agent should discuss with the foreign client whether the rental income will be taxed as investment income (subject to withholding) or net income received as effectively connected with a U.S. trade or business (not subject to...
Read More Mitch Helfer 02/03/2014 Same Sex Marriage Tax Returns 2013 Brief discussion of same sex marriage tax returns 2013 could represent advantageous tax implications for same sex marriage couples pursuant to Revenue Ruling 2013-17 New Tax Law (Revenue Ruling 2013-17) on Same Sex Couples / Same Sex Marriage On Aug. 29, 2013, the Internal Revenue Service (IRS) ruled that same sex couples, legally married in jurisdictions that recognize their marriages,...
Read More Mitch Helfer 29/01/2014 Tax Tips – Payroll Taxes: Payroll Tax Deposit due Date, Late Tax Deposits, Payroll Tax Penalty, Tax Relief Help, Trust Fund Recovery Penalty What you need to know about payroll tax. Payroll tax deposit due date. How to pay payroll taxes. Late tax penalties. When you can’t pay payroll taxes. Get Tax Relief Help! Trust fund recovery penalty. When Are Payroll Tax Deposits Due? Employers need to deposit payroll taxes every month or semi-weekly depending upon your employer classification. Monthly depositors must deposit...
Read More Mitch Helfer 11/01/2014 
