The Internal Revenue Service is still working on the details of how it is going to help taxpayers that may have fallen for deceptive marketing that led them to improperly receive employee retention t...
The IRS has announced that calendar year 2023 would continue to be regarded as a transition period for enforcement and administration of the de minimis exception for reporting by third party set...
The IRS has released the annual inflation adjustments for 2024 for the income tax rate tables, plus more than 60 other tax provisions. The IRS makes these cost-of-living adjustments (CO...
The 2024 cost-of-living adjustments (COLAs) that affect pension plan dollar limitations and other retirement-related provisions have been released by the IRS. In general, many of the pension ...
The IRS reminded taxpayers who may be entitled to claim Recovery Rebate Credit (RRC) to file a tax return to claim their credit before the April-May, 2024 deadlines. It has been estimated that ...
The Internal Revenue Service is looking to improve its customer service metrics as well as improve its technology offerings in the coming tax filing season....
The Internal Revenue Service announced the launch of the first phase of rolling out business taxpayer accounts, as well as enable taxpayers to respond to notices online....
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Read Pam's newsletter below!
February 3, 2023
Yes...once again it is tax time in Tinseltown!
I hope this finds you well and eager to get to your taxes... or at least well and willing to
get to your taxes.
We’re gearing up – the worksheets are on the and appointments are being made and confirmed. If you’ve requested an appointment and haven’t heard from us it’s most likely because I am booking them myself and I’m still on the March requests. This brings me to a major change in policy.
All returns must have a time slot. In the past we’ve had face-to-face appointments and mail-ins. Now all returns are mail-ins, or the electronic equivalent. Last year we had appointments and let people just send their documents in without time slots as well. We ended up, as some of you know, with a real backlog and played catch up for the rest of the year. Up until last year there were three of us working on returns, but with Suzi retired and Jen moving on (both sorely missed) only Mary (who I have worked with in accounting for my corporate returns for years) and I are preparing. Manpower – or in this case – womanpower is reduced. I have tried to find another preparer, but to find the right person is very difficult. Between Mary and I we can do 250 to 300 returns during the season, and I won’t take more than that. When those are filled we will start a waiting list and do extensions. In the long run this will be better for all of us.
Another change to policy: All fees must be paid before we file the return. In the old days we didn’t send returns before fees were paid, but as time has gone by, especially since we’ve gone virtual, we’ve relaxed this policy. You will probably be shocked to learn I ended the year with over $31,0000 in accounts receivable. I hate doing this because it seems I don’t trust my clients to pay, and most do pay promptly, but too many just forget. I can’t afford to operate without fees being paid. There are some changes in the tax law, but nothing that affects the information we need from you.
The updated worksheets are on the website. Please fill them out and get them to us a couple of weeks before your time slot.
If you have any questions call Alice or Joyce at the office and they will be happy to help
Talk to you soon. Happy calculating!
Remember, there're only two things certain in life - death & taxes. We can help you with one of 'em.