As we welcome in a new year and many changes, we need to remain diligent of new tax scams pertaining to identity theft and refund fraud.  This is one reason NY State is now requiring your driver’s license number to file your State return. The IRS recently issued a summary of the most prevalent scams […]

As Labor Day approaches, kids head back to school and football season kicks off, it is an essential time to get your finances in shape before year-end.  Implementing the following ideas can save you money and alleviate stress.  Think of it as Fall cleaning for the wallet. Open enrollment for health care benefits typically takes […]

Everywhere you turn you hear more and more instances of identity theft.  As tax preparers, we see this when electronically filed returns are rejected because someone has already filed using a stolen Social Security number.    This is the start of a time-consuming and frustrating process.  Earlier this year, Turbo Tax suspended State e-filings due to […]

Financial advisors get trained in taxes, of course, but they often just get a basic framework for how to structure investments. A CPA can bring a much deeper level of understanding to a client’s tax situation, here’s four reasons how: 1. Let’s face it – taxes are complicated. From the Medicare surtax to the new, […]

According to a recent study, more than half of Americans age 55 to 64 do not have wills (the numbers are worse for those 45 and 54).  I want to focus on the ramifications of why a will is necessary and why it is important to act now to discuss the matter with your financial […]