Charlene S. Moore

03/21/2014

Talk with your accountant. If you don't have one come see me!

One of the biggest mistakes small business owners make is not talking enough with their accountants, according to a new survey.

03/13/2014

The Internal Revenue Service has revised its guidance on electronic signatures, with updated information on the currently acceptable electronic signature methods, identity verification requirements and electronic record requirements.

03/10/2014

This is a nice surprise.

The Internal Revenue Service reported Thursday that more than 48 million tax refunds had been issued by the end of February, a 5.6 percent increase compared to the same period last year, with the size of the average tax refund also up.

02/21/2014

Be sure to watch out for these!

The Internal Revenue Service has released its annual Dirty Dozen list of tax scams, cautioning taxpayers to protect themselves against a wide range of schemes ranging from identity theft to tax return preparer fraud this tax season.

01/02/2013

Charitable Deduction Survives “Fiscal Cliff” Negotiations.

The charitable deduction was preserved in the “fiscal cliff” legislation passed late on January 1, 2013. It was disappointing that the Pease limitations—phasing out deductions for charitable giving, mortgage interest, and state and local taxes for high-bracket taxpayers—were extended into 2013.
Charitable giving incentives will undoubtedly be back on center stage in the next 60 days as Congress faces the debt ceiling debate.
Almost obscured in the “fiscal cliff” discussion was the social security tax rate issue. Two years ago, there was a “temporary” cut so workers would pay 2 percent less social security. That tax cut expired on December 31, 2012 and it was not part of the fiscal cliff negotiations. So, the social security tax rate paid by workers increased from 4.2 percent to 6.2 percent effective January 1, 2013.

11/28/2012

Some interesting news...

http://www.marketwire.com/press-release/smaller-paychecks-late-filing-await-taxpayers-in-january-nyse-hrb-1730610.htm

KANSAS CITY, MO--(Marketwire - Nov 27, 2012) - H&R Block Inc. (NYSE: HRB) -- New Year joy could quickly turn into January sticker shock for taxpayers surprised by smaller paychecks and little chance of getting tax refunds in January. The main two reasons for this are the end of the...

11/08/2012

For those of you affected by Superstorm Sandy (though my husband would argue hurricane) here is a great article that might save you a bit of cash.

http://www.marketwatch.com/story/a-possible-tax-hit-for-sandys-victims-2012-11-07

Those affected by last week’s superstorm may have a tax deduction — or an unexpected gain.

11/08/2012

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