Man, how many times have we run into this? Large tax preparation company has a manager convicted of filing fraudulent tax returns. Here is an article in Accountants Today with the details:http://www.accountingtoday.com/news/jackson-hewitt-manager-tax-charges-taxprotoday-63431-1.html?ET=webcpa:e2757:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_073012Like it says in the article, “The public is reminded to choose a tax return preparer carefully, just as they would choose any other professional they would consider hiring,” Ain’t it the Truth!Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Midyear Tax Planning: Top 10 Tips in a Time of Uncertainty
WIth the Bush Tax Cuts set to expire (again!) at the end of 2012, these midyear tax planning steps from Accounting Today should at least be looked at:http://www.accountingtoday.com/gallery/midyear-tax-planning-tips-63439-1.html?ET=webcpa:e2757:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_073012Call or email me if you want to discuss these tips.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
When Not Rolling Your 401K Money Into An IRA May Make Sense
I usually recommend you roll your 401K into an IRA when you leave a company. The key word here is USUALLY. There may be a situaltion when using the 55 and older exemption may make sense. See this article in SmartMoney by Bill Bischoff:http://www.smartmoney.com/taxes/income/when-ira-rollovers-go-wrong-1343243259709/Everyone’s situation is different but this might be a case where you can avoid the penalties for early withdrawal by using this exclusion if you will need some of the money before you turn 59 and a half. Call or email me and we can discuss it.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035