Author - Marissa Adler

Questions and Answers from Clients – June 14, 2019

Hello Taxpayers, As you read this, I am attending an event in Orlando. Many of you know that I travel for different things after tax season. This month, I am traveling three times; one for networking, one for education (next week) and one where I am teaching other Enrolled Agents, CPAs and lawyers on tax issues (the week after in Reno. Heck, someone has to do it). So as Willie Nelson sings, “On the Road Again.” You can see the [...]

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June 6, 2019 – Sitcoms, Taxes and More…

June 6, 2019 Jeffrey Schneider, EA, CTRS, ACT-E, NTPIF and Author of the Now What Help! series In the World of Tax Sitcoms and Taxes Be Wise in Choosing your Tax Preparer Taxpayers should include tax plans in their wedding plans IRS now billing those who filed for 2018 but didn’t pay A five-star review Tax Humor The Third Book in the Now What Help! Series Comming Soon to Amazon Sitcoms and Taxes A look at TV shows through the [...]

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RIP Rainbow Dave – May 24, 2019

Hello Fellow Taxpayers, I hope you have some fun plans for this weekend’s Memorial Day. Unfortunately, a good friend of the Treasure Coast, David Guizerix or Rainbow Dave to those that knew him passed away this past week. I will not go into the details, but Dave was young, way too young to pass on. He left a loving wife and adoring children, not to mention other family and more friends than almost anyone I know. He had a good [...]

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Tax Tip….RMD & QCD! – May 10, 2019

Hello Fellow Taxpayers, Ali, Marissa and I are in LA attending our mastermind meeting in LA. However, I want to share some information with you. We are always working hard to improve our practice and service and meetings like this help take us to the next level. Under the Tax Cuts and Jobs Act, many taxpayers did not have to itemize their deductions on their tax return, which was one of the reasons for the new law. The other reason for [...]

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New IRS Notice? – May 3, 2019

Hello Fellow Taxpayers, This week, I was in DC attending the IRS Advisory Council meetings. My fellow members and I, work to help the IRS in their quest to have an effective tax administration (don’t laugh). I want to bring up an issue that you may find interesting. Over the past few years, I have advised you that the IRS, in 99% of the cases, will not contact you by email and all letters via snail mail will look and feel [...]

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Port St. Lucie Man Sentenced for Tax Fraud! – May 2, 2019

May 2, 2019 Port St. Lucie Tax Preparer Sentenced for Tax Return Fraud PORT ST. LUCIE— A Port St. Lucie tax return preparer was sentenced to seven years in prison and a $267,995 fine from the Internal Revenue Service for not reporting his correct income and for filing false tax returns for his clients. Richard Maurival prepared tax returns from 2012 through 2015 that inaccurately claimed business expenses and education credits to increase tax returns from the IRS for his clients, according to [...]

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Forming New Companies – April 26, 2019

Hello Fellow Taxpayers. The tax season crunch is over, at least for now. Next week I am starting my travels to speak around the country. Although not as much as last year. Next week, I will be in DC attending the IRS Advisory Council spring meetings. This session, I am on the Wage and Income Subgroup which looks at things associated with form filling and security. Speaking of which, the IRS has announced (News Release 2019-58) that it is making a change. [...]

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What makes a lease a lease? – April 19, 2019

What can get truly ugly, my fellow taxpayers? A tax surprise! Arthur E. Boyce claimed a $28,749 Section 179 deduction for the cost of his new truck. In walked the IRS, and it denied the Section 179 deduction because Boyce leased the truck that he thought he purchased. The court ruled for the IRS. Good-bye, $28,749 tax deduction. SURPRISE!! Pertinent Facts The contract between Boyce and Dan Wiebold Ford Inc. was titled “Motor Vehicle Lease Agreement—Closed-End” and called for Boyce to Make fixed monthly payments [...]

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Until We Meet Again… – April 12, 2019

Hello My Fellow Taxpayers,   I am writing this email during a brief lull in my last minute craziness. There are only a few days left in tax season! However, I am still be overwhelmed with calls asking about filing tax returns. My question, “When can I get your paperwork?” Many say by Friday afternoon, so I tell them, we will have to file an extension and they hang up. Many of you that are already our clients have provided me your [...]

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Crypto, Extensions and more – April 4, 2019

April 4, 2019 What You Need to Know About Cryptocurrency and Taxes The IRS determines cryptocurrencies to be property, like stocks or real estate, you’ll need to pay taxes if you’ve realized a capital gain and you can lower your tax bill if you’ve taken a loss. Do I need to pay taxes on Bitcoin? That gain can be taxed at different rates. If you held a virtual currency for over a year before selling or paying for something with it, you pay [...]

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