MHC CPA

10/22/2024

It's time to think about tax planning for 2025. The IRS has released key values for the upcoming year. Call your trusted tax professionals to discuss how these updates will impact your tax situation in 2025!

IR-2024-273: IRS releases tax inflation adjustments for tax year 2025 Internal Revenue Service (IRS) sent this bulletin at 10/22/2024 10:05 AM EDT IRS Newswire October 22, 2024 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-N...

05/16/2023

Happy Tuesday! We hope everyone is having a great day. Now that we are headed to summer, small business owners and individuals should be mindful of notices from the IRS and state governments. Notices and letters do not necessarily mean audits, but if you are audited, there is no need to panic. Audits are an examination of financial information to make sure the information is being reported within the tax laws. The most common reasons a tax return gets flagged for an audit or further review could include business losses, unusually high-income levels, substantial or unusual deductions, and errors on tax returns. There are different types of audits and many options on how to handle the situation if you are contacted by the IRS.

If you need any assistance with your tax returns, notice, letter, or audit, please reach out to us. We would be happy to assist you. To schedule your appointment, please visit our website at www.mcnurlincpa.com or give us a call at 303-988-5648.

McNurlin CPA is a full-service client accounting services firm serving clients nation wide with a wide range of financial and business needs.

04/07/2023

Happy Friday! Here is a reminder that we are getting closer to the tax deadline. If you have not started your return, it may be a good idea to file an extension. Filing an extension could help prevent late filing penalties. If you need any assistance or have any questions about the tax season, please reach out to us! We would be happy to assist you with your return. To schedule your appointment please visit our website at www.mcnurlincpa.com or give us a call at 303-988-5648.

03/22/2023

Happy Wednesday! Just a reminder that the tax deadline is getting closer. If you need any assistance or have any questions about the tax season, please reach out to us! We would be happy to assist you with your return. To schedule your appointment please visit our website at www.mcnurlincpa.com or give us a call at 303-988-5648.

03/20/2023

Happy Monday! As we continue to get closer to the tax deadline, please be cautious of any potential scams. The IRS has noticed a scam that has had an increase in this current tax season and has added it to their list to be wary of. The scam concerns aggressive promoters making offers regarding Employee Retention Credit (ERC) claims. Please note that the ability to claim this credit ended in Quarter 3 of 2021. If you would like to read more about this scam, please click the IRS article attached below. If you have any questions, please reach out to us! We would be happy to assist you.

IR-2023-49, March 20, 2023 — In a further warning to people and businesses, the Internal Revenue Service added widely circulating promoter claims involving Employee Retention Credits as a new entry in the annual Dirty Dozen list of tax scams.

03/07/2023

Happy Tuesday! Here is your reminder to not put off doing your taxes. If you need assistance or have any questions about the tax season, please reach out to us! We would be happy to assist you with your return. To schedule your appointment please visit our website at www.mcnurlincpa.com or give us a call at 303-988-5648.

02/23/2023

We are halfway through the April 18th tax deadline. We’re feeling good about it and hope you all are too! If you need any assistance or have any questions about the tax season, please reach out to us! We would be happy to assist you with your return. To schedule your appointment please visit our website at www.mcnurlincpa.com or give us a call at 303-988-5648.

02/21/2023

Tax season doesn’t have to be stressful! If you need assistance or have any questions about the tax season, please reach out to us! We would be happy to assist you with your return. To schedule your appointment please visit our website at www.mcnurlincpa.com or give us a call at 303-988-5648

02/16/2023

Happy Thursday! We hope everyone is having a great day. As we continue through our busy tax season, we would like to remind you that if you need assistance or have any questions about the tax season, please reach out to us! We would be happy to assist you with your return. To schedule your appointment please visit our website at www.mcnurlincpa.com or give us a call at 303-988-5648.

02/13/2023

Happy Monday! Here’s an update for you all, last week the IRS was advising taxpayers to wait on filing while they decided whether to tax state relief checks from 2022. This past Friday, the IRS announced that most relief checks are not subject to federal taxes. If you would like to read more about if your state check is included in this bunch, please feel free to read the article below. Within this IRS article, some other provided links will tell which specific payments this applies to. As the tax season continues, we will keep you updated on any news!
If you need assistance or have any questions about the upcoming tax season, please reach out to us! Schedule your appointment at www.mcnurlincpa.com or give us a call at 303-988-5648.

https://www.irs.gov/newsroom/irs-issues-guidance-on-state-tax-payments-to-help-taxpayers

IR-2023-23, Feb. 10, 2023 — The IRS provided details today clarifying the federal tax status involving special payments made by 21 states in 2022.