BMKR LLP

12/28/2021

The Internal Revenue Service is asking more charities and tax-exempt organizations to file their information returns electronically as required by the Taxpayer First Act of 2019, but its aging systems are experiencing delays that are frustrating tax professionals.

The Internal Revenue Service is asking more charities and tax-exempt organizations to file their information returns electronically as required by the Taxpayer First Act of 2019, but its aging systems are experiencing delays that are frustrating tax professionals.

12/23/2021

Happy Holidays!

12/21/2021

It’s understandable to be a little frustrated (or a lot) that you still haven’t received your 2020 refund, but a repeat is not inevitable.

It’s understandable to be a little frustrated (or a lot) that you still haven’t received your 2020 refund, but a repeat is not inevitable.

12/16/2021

Another year of grappling with coronavirus has led to significant tax law changes for the 2021 season.

There are significant changes for the 2021 tax season. Here’s what filers need to know and how to prepare, according to experts.

12/14/2021

Filling out your tax form can be like a foray into a foreign language. What’s adjusted gross income? What’s the difference between an above the line and below the line deduction?

Filling out your tax form can be like a foray into a foreign language. What’s adjusted gross income? What’s the difference between an above the line and below the line deduction? To help, we put together this glossary of tax terms to help you fully understand common tax terms you may encounter w...

12/09/2021

In December, the IRS will give millions of Americans a stimulus check of more than $1,400 as a type of catch-up payment.

In December, the IRS will give millions of Americans a stimulus check of more than $1,400 as a type of catch-up payment. Millions of Americans To Receive Stimulus Checks In a recently published article in BGR, for some individuals, this represents a sizable stimulus payment. In fact, it’s far larg...

12/07/2021

The IRS will not send unsolicited emails or text or social media posts asking for personal or financial information — that’s not the way the IRS does business

The IRS has dubbed this “National Tax Security Awareness Week” in an effort to remind you to keep your personal information safe. Spokesman, Christopher Miller, says the end of the year is a problem time. “We normally see scams spike during the holiday season — but we’re expecting it will ...

12/02/2021

Higher taxes could be on the way, sooner rather than later. So anyone worried that their estates or their retirement savings could take a big hit should start planning now.

11/30/2021

There's still time for these actions that will benefit you later.

Make decisions on charitable donations, pay debt and harvest investment losses before year’s end, for benefits when you file 2021 income taxes.

11/24/2021

Wishing you and your family a very happy Thanksgiving!

11/22/2021

Cryptocurrencies are gaining momentum, but they come with risks.

Since cryptocurrencies appeared on the market, they have disrupted many industries. However, the more considerable interest in Bitcoin, Ethereum, and the other popular coins eventually led to an in…