Uncategorized Tax Breaks Underwrite the Enjoyment of our Richest Citizens 12/09/2021 Nonprofit ProPublica "has identified a special class of superrich taxpayers who amass tax deductions to such an extent that they can avoid income taxes for years on end. Many of…
Uncategorized Do you need to adjust your tax withholding at your job? 10/19/202110/13/2021 Why? Because withholding may be too much.Ifyou traditionally receive a large refund, re-think whether you want the government to have your money, interest free, for twele months. Additionally, consider that…
Uncategorized Death, taxes and childbirth! 10/12/202109/28/2021 “Death, taxes and childbirth! There's never any convenient time for any of them.”― Margaret Mitchell, author
Uncategorized Q: Will the IRS notify me if my past due tax debt is being turned over to a collection agency? 10/05/202109/23/2021 A: Yes, the IRS will notify you by mail at your address as shown in IRS records.
Uncategorized There are several ways of donating to charities and getting a tax deduction for the gift. 10/01/2021 Here is a short list of some of them as compiled by CPA and advisor Ed Mendlowitz, Withum.com.
Uncategorized Q: Does the IRS use collection agencies to collect past due taxes? 09/27/202109/23/2021 A: Yes, the following collection agencies are contracted by the IRS to collect unpaid taxes:BE Group, Inc.of Waterloo, IA, Coast Professional, Inc. of Albion, NY, and ConServe of Fairport, NY.…
Uncategorized Revolving Door at Treasury Dept: 09/20/2021 "The largest U.S. accounting firms have perfected a remarkably effective behind-the-scenes system to promote their interests in Washington. Their tax lawyers take senior jobs at the Treasury Department, where they…
Uncategorized Extension Filing Deadline 09/10/202106/09/2021 October 15 is the filing deadline for taxpayers who submitted an Automatic Extension request before April 15. The extension is granted to defer the Filing due date for the yearly…
Uncategorized Advance Payment of Child Tax Credit – FAQs 08/17/202108/16/2021 In July, 2021, the IRS started sending monthly payments to some parents of children under age 17, as an advance on the Child Tax Credit expected to be claimed on…
Kenneth Athon Tax Strategies 