If you get one of these notices from the IRS, just remember: unless it says “your tax return is under examination” it is not an audit! Most letters and notices can be dealt with easily. See these tips from the IRS on Notices and Letters: http://content.govdelivery.com/accounts/USIRS/bulletins/b2bac5?reqfrom=share A letter or notice could deal with something as simple as a request for more information on a particular deduction to a misspelling or transposition of a social security number (or other ID number). Usually a response letter is all that is needed to clear things up. Sometimes more detail is needed and that is when you need to discuss it with your preparer (actually, it is best to let your preparer know that something has been received so it can be discussed if needed.) For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa
Burbank CPA Tax Musings: Make Plans Now for Next Year’s Tax Return
Sooooo tax filing season is over if you didn’t go on extension, right? While this is true, don’t wait until the last minute to get ready for next year (it will be on you before you know it.) Planning for next year’s return now will make things a lot easier when your documents come and you are going crazy. See this tip from the IRS regarding planning for next year: http://content.govdelivery.com/accounts/USIRS/bulletins/b2bc55?reqfrom=share A very important part of this plan is to let your preparer know in advance of any changes in your life (marriage, a new kid, your parents moved in with you and you are supporting them) so any needed planning can be done before the end of the year, when changes can be made to save taxes. That is why I never charge for telephone calls or email – I want my clients to let me know about this stuff in this year, not in January when everything has been locked down and no planning can be done. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured [...]
Musings of a CPA: What Do Your Business Clients Want?
Here is an interesting article on what business clients tend to want in their CPAs. It lists the most popular reasons businesses leave their old CPAs for new ones. The posting is in AccountingWeb by Doug Sleeter: http://www.accountingweb.com/article/what-do-your-business-clients-want/223265 So you can use this article as a to do list to work on things to keep your clients happy so they don’t go somewhere else. It is harder to get a new client than to keep the ones you have. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Android and the IPhone: Has been Featured On https://twitter.com/bstonercpa