SFSblog

Blog Posts

money bag- tax deductions-1040 form-sfs tax & accounting services

IRS Increases Tax Deductions for 2020

The IRS recently announced the list of increased tax deductions for 2020. The Internal Revenue Service recently issued its annual... read more

401K nest-sfs tax acct

IRS Increases 401K Contribution Limits for 2020

The IRS Increases 401K Contribution Limits for 2020. As part of its annual inflation adjustments, the Internal Revenue Service... read more

online donations-food donations-clothing donations

Is the Charity You are Donating to Legit?

One of the positive effects of donating (money) to a charity is simply feeling good about giving. Your ability... read more

IRS Maze-Owe the IRS money-sfs- Jeffrey Schneider

Resolve Your Back Taxes… 8 Reasons to Work with a Certified Tax Resolution Professional

    Resolve Your Back Taxes…8 Reasons to Work with a Certified Tax Resolution Professional When you owe money to the IRS,... read more

Adult-learning-student-teacher

Five Federal Income Tax Breaks for Adult Students

Five Federal Income Tax Breaks for Adult Students Here are Five Federal Tax Breaks for Adult Students that could help... read more

life-changing-events-hand-pen-book

16 Life-Changing Events That Can Impact Your Taxes

    Throughout your life, there will be certain significant occasions that will impact not only your day-to-day living but also... read more

bride groom flowers rings

The Marriage Penalty Tax is Still Around

The marriage penalty is still alive and well. If you’re changing your filing status in 2019 because of marriage, divorce,... read more

House pad SFStax deductions

Real Estate Agents: Updated List of Available Deductions

Real Estate Agents: Updated List of Available Deductions For busy real estate agents who manage their own finances, it can... read more

Where’s My Tax Refund? The Myths…

Where’s My Tax Refund? Now that the April tax-filing deadline has come and gone, many taxpayers are eager to get... read more

Tax-Law-for-Truckers-trucks-SFSTax

Tax Law Tips for Truckers in 2019

Tax Law Tips for Truckers in 2019 When President Trump signed the Tax Cuts and Jobs Act of 2017 it came under... read more

10 Times When Only a Tax Professional Will Save You

10 Times When Only a Tax Professional Will Save You The Limitations of DIY Tax Preparation and How They... read more

The 2019 IRS “Dirty Dozen” List of Tax Scams

2019 “Dirty Dozen” List of Tax Scams The Internal Revenue Service wrapped up its annual “Dirty Dozen” list of tax... read more

Bitcoin: Property You May Have Forgotten is Taxed

    Even though Cryptocurrency was originally proclaimed anonymous, transactions today are transparent. Governments have observed surges of black-market trading using... read more

5 Tax Tips for the Self-Employed, man, sitting, typing

5 Tax Tips for the Self-Employed

Freelancers and independent contractors face unique challenges during tax season. Here are some quick tips to better manage the... read more

What is the Earned Income Tax Credit? Do I Qualify?

What is the Earned Income Tax Credit? Do I Qualify? The Earned Income Tax Credit (EIC or EITC) is a... read more

Tax Breaks for the Military Family

Tax Breaks for the Military Family There are certain tax breaks available to members of the U.S. military and their... read more

Are you an Employee or Independent Contractor? Here’s Why You Need to Know

Oftentimes, businesses are hiring employees and handing them 1099 Forms to save themselves money. They don’t have to pay... read more

Homeowner Alert! Review Your Tax Forms

Homeowner Alert! Review Your Tax Forms New Tax Rules are Creating Confusion Tax laws are constantly changing. Many home-related tax... read more

How to Organize Your Business Documents

How to Organize Your Business Documents For even the smallest of businesses, getting organized involves a lot more than just... read more

Reasons Why You Should Hire an Enrolled Agent

Reasons Why You Should Hire an EA

Reasons Why You Should Hire an EA Every year, millions of taxpayers decide to perform complex tax preparation by themselves... read more

Do I Qualify as Head of Household?

Do I Qualify as Head of Household? We know that selecting the correct status can get confusing. The Internal Revenue... read more

Are Your Cannabusiness Profits Going up in Smoke?

Are Your Cannabusiness Profits Going up in Smoke? With tax season starting, questions from both legal and illegal cannabis companies... read more

6 Ways to Get Your Tax Refund Faster

6 Ways to Get Your Tax Refund Faster As the tax filing season approaches, there are steps you can take... read more

Small Businesses: Tax Act Changes

We’ve spent the last 10 months combing through the 100+ page Tax Cuts and Jobs Act (TCJA) of 2017.... read more

4 Tips on Safely Donating Online

4 Tips on Safely Donating Online We live in very unsettling times — at least from the standpoint of cybersecurity.... read more

Employers: New Tax Credit Benefits for Those Who Provide Paid Family and Medical Leave

Employers: New Tax Credit Benefits for Those Who Provide Paid Family and Medical Leave The tax reform legislation enacted in... read more

Understanding Income Tax Refund Loans and Back Taxes

Understanding Income Tax Refund Loans and Back Taxes Do you file your taxes electronically? If you do, and the government... read more

Retirees Not Withholding Enough

Retirees Not Withholding Enough The IRS has announced that retirees may not be withholding enough for taxes this year. There... read more

You’ve Asked, We’re Answering: Crypto Tax

You’ve Asked, We’re Answering: Crypto Tax Is Crypto to Crypto Taxable? Crypto income is taxed differently. It mostly depends whether you’re buying and selling coins... read more

9 Tax Deductions Every Real Estate Agent Should Know

9 Tax Deductions Every Real Estate Agent Should Know Tax season is coming up soon, and if you’re a real... read more

Tax Reform Brings Changes to Fringe Benefits that can Affect an Employer’s Bottom Line

Tax Reform Brings Changes to Fringe Benefits that can Affect an Employer’s Bottom Line The Tax Cuts and Jobs Act... read more

Helping Taxpayers Understand Different Filing Statuses

Helping Taxpayers Understand Different Filing Statuses   Getting ready for tax return season, but unsure of how to file? Married? How... read more

Salvage Your Sunken Uncollectable Debt

Salvage Your Sunken Uncollectible Debt Victims of reneged payment agreements might have a tax deduction Let’s face it – it’s always... read more

Small Businesses: Tax Tips for the Freelancer

Small Business: Tax Tips for the Freelancer If you are an employee, you most likely pay little attention to your... read more

IRS Extends Deadlines for Victims of Hurricane Michael

IRS Extends Deadlines for Victims of Hurricane Michael Hurricane Michael victims in parts of Florida and elsewhere now have until... read more

Do I Have to Pay Estimated Taxes?

Who Must Pay Estimated Taxes Do I have to pay estimated taxes? This is a normal question to ask, but it... read more

Tax Breaks with an IRA

Tax Breaks with an IRA What is an IRA? Individual Retirement Arrangements – aka IRAs – are accounts into which someone can deposit... read more

Clean Up Your (Tax) Act: Small Business Edition

Organizing Your Tax Documents Having a small business and filing your taxes is a whole lot different from filing personal... read more

Clean Up Your (Tax) Act

Organizing Your Tax Documents Let’s be honest, sometimes we’re all a little messy and unorganized. Life was much easier as a... read more

Crypto: The Basics

What is Cryptocurrency? A cryptocurrency (or crypto currency) is a medium of exchange using cryptography to secure the transactions and... read more

Money Alert: Your Tax Checkup

Here’s something the public generally turns a blind eye towards… your yearly tax changes. Have you used the Tax... read more

How Does the Tax Cuts & Jobs Act Affect Small Businesses? Part Three: What it Means For Your Clients

In part one of this series, we covered how the Tax Cuts & Jobs Act affects you as a... read more

Finally! A Tax Debt Resolution Option

AN OFFER IN COMPROMISE If you’re having trouble affording payments to the IRS to settle any outstanding debts, consider applying... read more

A Plan a Day Keeps the IRS away: Back Taxes

The IRS is considered the most brutal collection agency on the planet – backed by the power of the... read more

Are You Making One of These Four Tax Mistakes?

The world of taxes is one big minefield to navigate. Unless you spend most of your waking hours studying... read more

How Does the Tax Cuts & Jobs Act Affect Small Businesses? Part Two: Your Deductions

In part one of this three-part series, we looked at changes to the income tax rates and brackets. Income is... read more

Top Five TCJA Tax Planning Opportunities for Individuals, SFS Tax, SFS Tax Accounting, Planning, Planner

Top Five Tax Cuts and Jobs Act Tax Planning Opportunities for Individuals in 2018

Since folks have not filed a 2018 tax return, the new tax law passed late last year is largely... read more

Attention Truckers: Tax Deadline Directly Ahead

Look out! We’re down to just five days to file Form 2290 (also known as the Heavy Highway Vehicle... read more

How Does the Tax Cuts & Jobs Act Affect Small Businesses, SFS Tax and Accounting, restaurant kitchen, chef, waiter

How Does the Tax Cuts & Jobs Act Affects Small Businesses? Part One: Your Income

The most sweeping change to tax law in decades was ushered in late in December of 2017. The Tax... read more

What’s new in the SFS Tax office – August 17

Today I am sharing a bit of “What’s new in the SFS Tax office.” We are pleased to announce that... read more

Are You or Someone You Love Going to College, Find Out About Tax Credits that Can Help Offset the Cost, SFS Tax and Accounting Services, College Student, Backpack, University

Are You or Someone You Love Going to College? Find Out About Tax Credits that Can Help Offset the Cost

There is no doubt that the cost of college can be high. Outside of winning the lottery or racking... read more

Dog Days of Summer, That Means Extended Tax Deadlines are Coming, Give Yourself Time to Avoid These Common Mistakes, SFS Tax and Accounting Services, tired dog, hot dog, brick paved streets

Dog Days of Summer? That Means Extended Tax Deadlines are Coming! Give Yourself Time to Avoid These Common Mistakes

Air conditioners everywhere are feeling the strain. It’s the steamy dog days of Summer and deadlines are coming up... read more

Helping Students or a Nasty Surprise, Student Loan Forgiveness Can Cause a Big Tax Debt, SFS Tax, SFS Tax and Accounting, books, student hiding behind books, green shirt, black bracelets, wood table

Helping Students… Or a Nasty Surprise? Student Loan Forgiveness Can Create a Big Tax Debt

Student loan debt levels are out of control. Need proof? The class of 2017 graduated with an average of $39,400 in... read more

Starting a New Business? 10 Things You Need to Know

To be in charge of your own destiny – that is the dream of many would-be entrepreneurs. For those trapped... read more

Thinking of Renting Your Home, There are Tax Consequences, SFS Tax, SFS Tax and Accounting, Woman Thinking, Window, Urban Scene, Living Room, Sofa, Chair

Thinking of Renting Your Home? There are Tax Consequences

With the rise of Airbnb (along with hotel prices), it’s not a surprising trend. Homeowners looking to earn some extra... read more

Suing over SALT, Could we see a reversal on the State and Local Tax Deduction Cap, SFS Tax, SFS Tax and Accounting Services, law books, law libraries

Suing Over SALT: Could We See a Reversal of the SALT Deduction Cap?

On July 17, four states filed suit against the federal government over the Tax Cuts & Jobs Act (TCJA)... read more

Are You a Favored Business, The New 20% Pass Through Deduction can Make a Big Difference in Your Tax Bill, SFS Tax, SFS Tax and Accounting, Ball of Money, Silhouette, Loking for Tax Favored Status

Are You a Favored Business? The New 20% Pass-Through Deduction Can Make a Big Difference in Your Tax Bill

One of the winners from the Tax Cuts and Jobs Act of 2017 are pass-through businesses… but only at... read more

Is it a Hot Dog, a Sandwich, or a Flying Superhero, National Hot Dog Day, Taxes & Life as We Know It, SFS Tax, hot dog, superhero, guy dressed as a hot dog

Is it a Hot Dog, a Sandwich, or a Flying Superhero? National Hot Dog Day, Taxes & Life as We Know It

As we reflect on the ubiquitousness of hot dogs in American life – they are all over our sports... read more

What is the Sharing Economy and Why Should I Care, SFS Tax, SFS Tax and Accounting Services, woman working, woman in glasses, side ponytail, brunette, laptop, paintbrushes, colored pencils

What is the “Sharing Economy” and Why Should I Care?

Ever thought about becoming an Uber driver part-time? How about renting out a spare bedroom in your home? Maybe... read more

Look Out, The Taxes are Coming, Supreme Court Decision Opens the Door for State and Local Internet Sales Taxes, SFS Tax, Woman Shopping Online, Credit Card, Gold Card

Look Out! The Taxes are Coming… Supreme Court Decision Opens the Door for State & Local Internet Sales Taxes

Things are about to change in the realm of state and local taxes and Internet purchases, thanks to the... read more

Paycheck Checkup, SFS Tax, paycheck, stethoscope, red background

Did You Owe Taxes this Year? You Need a Paycheck Checkup!

If you wrote a check to the IRS in April for 2017 taxes, there’s a good chance you could... read more

It All Started with Taxes, How a Giant Tea Party Led to Independence Day as We Know It, SFS Tax, SFS Tax & Accounting, Boston Tea Party, July 4th

It All Started with Taxes: How A Giant Tea Party Led to Independence Day as We Know It

It All Started with Taxes: How A Giant Tea Party Led to Independence Day as We Know It. An... read more

Note to Business Owners, It Can be Costly to Ignore 1099 Requirements, SFS Tax, Woman in Business Dress, Ipad, windows, urban environment

Note to Business Owners: It Can be Costly to Ignore 1099 Requirements

With changes and updates happening to the tax law continually, it can be hard to stay up-to-date. For business... read more

Say Goodbye to Unreimbursed Employee Expenses, SFS Tax, SFS Tax and Accounting Services, Woman biting pencil, yellow pencil, colored pencils, laptop, office window

Say Goodbye to Unreimbursed Employee Expenses

Medical professionals paying out of pocket for their uniforms. Road warriors who don’t get the federal mileage rate from... read more

Plan Now Pay Less Later, What is Tax Planning and Why Do I Need It, SFS Tax, SFS Tax and Accounting, Saving Money, Calculator, Change, Spreadsheet

Plan Now, Pay Less Later: What is Tax Planning and Why Do I Need It?

The only constant is change. That applies just as much to your taxes as it does to anything else... read more

3 Summer Financial Tips for Kids, SFS Tax, SFS Tax and Accounting, Kids Swimming, Pool, Kids in Floats, Sunglasses, Kids in Sunglasses

3 Summer Financial Tips for Kids

Ahhh… summer! Enjoy a more relaxed schedule, warmer weather, backyard barbeques and sandy-yet-fun trips to the beach. In between... read more

Do You Make Quarterly Tax Payments, It is a Little Tricker This Year, SFS Tax, SFS Tax and Accounting, One Hundred Dollar Bill, Money Puzzle

Do You Make Quarterly Tax Payments? It’s a Little Trickier This Year

Figuring out quarterly tax payments is a little more complicated this year. The Tax Cuts and Jobs Act of December... read more

Senior Financial Fitness, What You Need to Know, SFS Tax, SFS Tax and Accounting, Doctor, Doctor in a white coat, Stethescope, Gold Watch, Gold Wedding Band

Senior Financial Fitness – What You Need to Know

It’s never too late to get financially fit. Here are some simple and painless ways to build your financial... read more

The Seesaw Standard Deductions and Child Tax Credits Double, Personal Exemptions Vanish, What it All Means, SFS Tax Problem Solutions, Family of Four, Tropical Location, Beach Background

The Seesaw: Standard Deduction & Child Tax Credit Doubles, Personal Exemptions Vanish – What it All Means

Part Two of What did the Tax Cuts & Jobs Act Do to My Income Tax?  In part one of... read more

What did the tax cuts and jobs act do to my income tax, lady holding a sign, will i be paying more or less, lady in a business suit, SFS Tax

What Did the Tax Cuts & Jobs Act do to My Income Tax? Part One of a Two Part Series

Many changes were ushered in by the Tax Cuts & Jobs Act which passed in December 2017. Depending on... read more

Another Hurricane, Use This Tax Holiday to Get Ready, SFS Tax, SFS Tax and Accounting, Hurricane

Another Hurricane?! Use This Tax Holiday to Get Ready!

Many of us remember the wrath of Hurricane Irma last September. It seems like yesterday! It can be tough... read more

Top 5 Ways Wine Helps with Your Taxes, SFS Tax, Red Wine, White Wine, Grapes, Wine Barrels, Wooden Tables

Top 5 Ways Wine Helps with Your Taxes

In honor of National Wine Day, we’re counting down the ways that wine can help you when it comes... read more

Tax Avoidance vs Tax Evasion Which One is Legal The IRS Said So, SFS Tax and Accounting, Raining Money, Umbrella, Woman with Umbrella

Tax Avoidance vs. Tax Evasion…Which One is Legal? (The IRS Said So)

Everyone knows you’re supposed to pay your taxes. If you don’t, that’s illegal. It’s called tax evasion. But what about... read more

All About Tips, the Kind You Give at Restaurants, SFS Tax, Waiter Serving Food

All About Tips (the Kind You Give at Restaurants)

All About Tips (The Kind You Give at Restaurants). An SFS Tax & Accounting Services Blog.  This shouldn’t be news... read more

New Twist on an Old Scam, IRS Warns of Crooks Directing Taxpayers to IRS website to verify calls, SFS Tax, smartphone, world map, hands

New Twist on an Old Scam: IRS Warns of Crooks Directing Taxpayers to IRS.gov to “Verify” Calls

IRS scams are like cockroaches. You kill all you find, but there are more hiding somewhere else. These cockroaches, though, keep... read more

Why do we pay taxes anyway, SFS Tax, elderly man

Why do We Pay Taxes Anyway?

Why do We Pay Taxes Anyway? An SFS Tax Problem Solutions Blog.  No one likes paying taxes. It’s easy to focus... read more

Always a Deadline It's Not Just About April 17, SFS Tax and Accounting

It’s Not Just About April 17th: IRS Tax Deadlines Happen All Year Long

A lot of focus and attention is paid to April 15th (17th this year) as the big tax deadline. What... read more

Certain People Will Get Extra Time to File Their 2017 Tax Returns, SFS Tax

Personas con circunstancias especiales reciben tiempo adicional para presentar impuestos de 2017

IR-2018-96SP, 16 de abril de 2018 WASHINGTON — El Servicio de Impuestos Internos les recordó hoy a los contribuyentes que... read more

Certain People Will Get Extra Time to File Their 2017 Tax Returns, SFS Tax

Certain Taxpayers Get Extra Time to File Their 2017 Tax Return

Para ver este mensaje en Español, Click Aquí Everyone knows to file an extension if they need more time to... read more

Wirker clocking out at the end of a shift

Do a Paycheck Checkup and See If You Are Taking Home Too Much Money

The Tax Cuts and Jobs Act made major changes to the tax law. Because of this, you should do... read more

Watch out for ghost tax preparers, SFS Tax and Accounting, SFS Tax

Watch Out for Ghosts… Ghost Tax Preparers, That Is!

The IRS has issued a warning against “ghost” tax return preparers. These phantom preparers do exist… and they get paid... read more

Top Five Tax Myths – and the Truth!

It doesn’t matter what your friend’s cousin’s co-worker said. When it comes to taxes, it’s best to get the... read more

Rushing on Your Taxes? The IRS Recommends Filing an Extension if You Need One, SFS Tax & Accounting

Rushing on Your Taxes? The IRS Recommends Filing an Extension if You Need One

With about a week to go on filing your 2017 tax return, you may be breaking speed records to... read more

Can't File by Tax Deadline? Here's What You Need to Know About Extensions

Can’t File Your 2017 Tax Return by April 17th? Don’t Panic! Here’s What You Need to Know About Extensions

Life gets in our way sometimes. When those W-2s, 1099s, 1098s and other numbered forms arrive in the mail,... read more

Get Your 2014 Tax Refund by April 17, SFS Tax Can Help

Hurry! $1.1 Billion in 2014 Tax Year Refunds Will Expire April 17

Did you forget to file your tax return for 2014? If so, you might want to. There is $1.1... read more

Sold Your Home? Here's What You Need to Know About Taxes. An SFS Blog.

Sold Your Home? Here’s What You Need to Know About Taxes

Congratulations on selling your home! After you break out the bubbly and toast the sale, it’s time to review... read more

Claiming Parents as Dependents

Good News for the Sandwich Generation? Claiming Parents as Dependents

Mom and Dad are getting older. They may even be relying on you for support. That’s why it’s good to... read more

Had Your Paycheck Checkup Yet?

Don’t Get Shocked with a 2018 Tax Bill – Get Your Paycheck Checkup Now!

As we wind down on the 2017 tax season, there’s another one gearing up. The many tax changes of... read more

It's-Not-Too-Late-For-An-IRA-Contribution-Tax-Deduction

It’s Not too Late to Get Your Qualified IRA Contribution Deduction

It’s not too late! You have until April 17, 2018 to make a qualified IRA contribution to receive a... read more

Outrageous-Tax-Deductions

10 Tax Deductions that Border on Ridiculous

We all need a little humor during these dog days of the tax season. Each year, the Minnesota Society of... read more

Owe Taxes? Can't Pay? You do have Options!

Owe Taxes but Can’t Pay? Here’s What to Do!

You can feel the pressure. The tax deadline is looming and you know you owe the IRS money. Problem... read more

Beware the Ides of March! The First Tax Return Deadline is Today

If only William Shakespeare could have traveled back in time to early 44 B.C. He would have been able to... read more

Death and taxes… and what you need to know

As you may or may not know, my younger sister recently passed away and Ali and I just returned... read more

Corporate Due Dates… And spring (training) is in the air

Well, my friends, it is now March, and baseball spring training is back in full (ahem) swing. Not sure... read more

What do you mean I got a refund? I didn't file my taxes yet!

Scammers Are Using Your Bank Account to Rob the IRS

Did you notice a large deposit in your checking account from the IRS? Wondering why it’s there? If you received a... read more

What the Polar Bear can Teach us about the IRS

Today is International Polar Bear Day. In its honor, we are ruminating on how a polar bear is like... read more

Tax scams

Scammers Continue to Target TurboTax Users in 2018

TurboTax users beware! That email asking you to take a look at your W-2 may be fake. People who use... read more

top 5 myths about tax refunds

Don’t Fall for These 5 Tax Refund Myths

It’s tax time again! It’s that time of year when those expecting a tax refund watch their bank accounts... read more

Keep an eye out for the new W-2. There are many people phishing in fraudulent waters trying to bait you.

Keep an eye out for the new W-2 Phishing Scam. There are many people phishing in fraudulent waters trying to bait you.

Business owners the W-2 scam has reared its ugly head once again! The Form W-2 phishing scam that victimized... read more

Jeffrey Schneider, EA, CTRS, NTPIF

This week it’s all about, me, Your Tax Professional

This week it’s All About, Me, Jeffrey Schneider, EA, CTRS, Your Tax Professional! I recently had the distinct honor of being... read more

Jeffrey Schneider, EA, CTRS, NTPIF

Tax Cuts and Jobs Act of 2017 and What You Need to Know

Yep, it’s Monday and not Thursday but last week was a busy one and I wanted to share this... read more

Don't Knock Yourself Out! Get help from SFS Tax

Don’t knock yourself out!

Don’t Knock Yourself Out! Get help from SFS Tax. In my last letter to you, my fellow Green Thumbers,... read more

Post Halloween Scammers

Now that Halloween is over and the ghost and goblins costumes have gone back into storage, you need to... read more

Everything You Need to Know… Hurricane Harvey and Irma Relief

As our communities work to recover from Hurricanes Harvey and Irma, SFS Tax & Accounting Services shares the tax... read more

IRS Offers Tax Filing Relief to Hurricane Irma Victims in Florida, SFS Tax & Accounting Services Helps Florida Affected Taxpayers

IRS offers tax filing relief to Hurricane Irma victims in Florida, SFS Tax & Accounting Services Helps Florida Affected... read more

What Does the Eclipse Have to do with Taxes!

What Does the Eclipse Have to do with Taxes! Eclipse Day is here! We are in Nashville, and they say it could feel... read more

6 Tax Tips for Startup Businesses

6 Tax Tips for Startup Businesses   Taxes are rarely the first thing an entrepreneur considers when they plan a new... read more

**Understand your responsibilities

**Understand your responsibilities Settlement of a debt is not the end of the story. Creditors who forgive $600 or more of... read more

The SFS Tax & Accounting Top 3 Apps to Track Your Business Miles…

The SFS Tax & Accounting Top 3 Apps to Track Your Business Miles… You need to keep a log if... read more

Big Changes for the 2017 – 2018 FAFSA

Big Changes for the 2017 – 2018 FAFSA If you have a child beginning college or already enrolled in school... read more

Are You Making This Common Mistake and Will it Hurt You at Tax Time?

Are You Making This Common Mistake and Will it Hurt You at Tax Time? Using your company credit card for... read more

SFS Offers Tips for Teenage Taxpayers with Summer Jobs

SFS Offers Tips for Teenage Taxpayers with Summer Jobs Summertime is here, and many students and teenagers get summer jobs... read more

Do You Know About These 5 Overlooked Medical Tax Deductions?

It’s getting more and more difficult to claim medical tax deductions. That’s because you can only claim those tax deductions once... read more

Extension, procrastinator…Who me?

Extension, procrastinator…Who me?   Are you one of those “wait till the very last minute” type of people” or a procrastinator?... read more

Yet Another New Warning on a Last-Minute Tax Scam!!

Yet Another New Warning on a Last-Minute Tax Scam!! It seems that we receive notices almost daily about new and... read more

Beware the Ides of March

Beware the Ides of March William Shakespeare famously wrote “Beware the Ides of March” in the play Julius Caesa in 1599 and... read more

Using Tax Software is not a Substitute for an Enrolled Agent

Using Tax Software is not a Substitute for an Enrolled Agent   The tax software companies want you to believe that... read more

Can You Claim Your Parents as Dependents?

Can You Claim Your Parents as Dependents? With so many millennials moving back home with mom and dad, the question... read more

Don’t Fall for Scam Calls and Emails Posing as IRS

Don’t Fall for Scam Calls and Emails Posing as IRS Scammers are continuing to use the IRS as a lure... read more

How We Wound Up with the Income Tax

How We Wound Up with the Income Tax Imagine a world without income tax; if you were an American citizen... read more

Filing Season Opens – with Possible Refund Delays

Filing Season Opens – with Possible Refund Delays Port St Lucie, Fl. — (January 23, 2017) Tax filing season for... read more

Last-Minute Savings for Tax Year 2016

Last-Minute Savings for Tax Year 2016   Last-Minute Savings for Tax Year 2016 Attention last minute savers! There’s still time to reduce... read more

IRS Defines Income.. Are you reporting ALL your income?

IRS Defines Income.. Are you reporting ALL your income? The Internal Revenue Code defines income as “…all income from whatever... read more

I received a notice from the IRS… Now what?

I received a notice from the IRS… Now what? Receiving a notice in the mail from the IRS does not... read more

Do You Tax Plan All Year Round?

Do You Tax Plan All Year Round? Tax season ends in 32 days, April 18 and tax professionals have been... read more

Energy Credit Can Help You Trim Taxes

Energy Credit Can Help You Trim Taxes Energy bills too high?  You can trim your taxes and save on those... read more

Protecting Americans Against Tax Hikes Act of 2015

Protecting Americans Against Tax Hikes Act of 2015 At the 11th hour, again, Congress decided to extend many tax breaks, commonly... read more

Tax Saving Strategies for Parents

Tax Saving Strategies for Parents Do you have kids? Children may help reduce the amount of taxes owed for the... read more

Top 10 Year-End Tax Tips You Should Not Ignore

Top 10 Year-End Tax Tips You Should Not Ignore As 2015 comes to close, SFS Tax & Accounting Services is... read more

Tax Scams on the Rise….So Says the IRS!

read more

The IRS Urges the Public to Watch Out For Scam Phone Calls

The IRS Urges the Public to Watch Out For Scam Phone Calls The IRS is again warning the publics to... read more

Corporate Tax Returns Due September 15

Corporate Tax Returns Due September 15 Corporate tax returns are due in the 15th. If you haven’t filed yet, call... read more

Estimated Tax Payments Due Next Week

Just a reminder that your estimated tax payment is due next week. Check out this new rule if you... read more

Tax Tips about Filing an Amended Tax Return

Tax Tips about Filing an Amended Tax Return We all make mistakes so don’t panic if you made one on... read more

Did You Know You Can Connect to the IRS Through Social Media??

Did You Know You Can Connect to the IRS Through Social Media?? If you blog, tweet or scour the web... read more

EAs Meet Lawmakers on Credential, Oversight, Extenders

EAs Meet Lawmakers on Credentials, Oversight, Extenders Washington, D.C. (May 22, 2015) By Jeff Stimpson More than 100 Enrolled Agents recently met... read more

How To Prepare for a Tax Audit

How To Prepare for a Tax Audit By Jeff Wuorio For the Deseret News Published: Monday, April 13 2015 2:00 p.m.... read more

Warrior Pose — One way to help veterans with PTSD? Lots of yoga.

Warrior Pose — One way to help veterans with PTSD? Lots of yoga. Yes, we are a Tax & Accounting... read more

REMINDER FROM YOUR LOCAL ENROLLED AGENT

REMINDER FROM YOUR LOCAL ENROLLED AGENT  YOU  NEED TO FILE ON TIME EVEN IF YOU CAN’T PAY Port St Lucie, Fl.... read more

The Individual Shared Responsibilty Provision

The Individual Shared Responsibilty Provision Just the  Basics! The individual shared responsibility provision requires that you and each member of your family have... read more

Affordable Care Act Consumer Alert

Affordable Care Act Consumer Alert Choose Your Tax Preparer Wisely The IRS is urging taxpayers to choose their tax professional carefully... read more

Small Business Health Care Tax Credit

Small Business Health Care Tax Credit Do you own or run a small business or tax-exempt group with fewer than... read more

Cover Charge: How the ACA Is Affecting Fees

Cover Charge: How the ACA Is Affecting Fees On March 6, Jeffrey Schneider, EA, NTPI Fellow was quoted in Accounting... read more

The Top 10 Special Tax Benefits for Armed Forces

The Top 10 Special Tax Benefits for Armed Forces If you are a member of the U. S. Armed Forces,... read more

Same-Sex Newlyweds Will Be Filing Tax Returns In A New Way

Same-Sex Newlyweds Will Be Filing Tax Returns In A New Way Washington, DC, (February 17, 2015) Despite Alabama Chief Justice... read more

Before You Hire a Tax Pro, Check Credentials

Before You Hire a Tax Pro, Check Credentials Port St Lucie, FL, February 23, 2015—Although you may not have received... read more

Port St. Lucie Enrolled Agent is accepted into the ASTPS

Port St. Lucie Enrolled Agent is accepted into the ASTPS Jeffrey Schneider, EA, NTPI Fellow, a Port St. Lucie, EA... read more

Take your required 2014 distribution

Take your required 2014 distribution If you’re over 70½ and are required to take distributions from your IRA or other... read more

IRS Issues Education Credit Reminder

IRS Issues Education Credit Reminder With schools back in session, the IRS has issued a reminder to taxpayers not to... read more

Final tax deadlines on October 15

Final tax deadlines on October 15 If you requested a six-month extension to file your 2013 income tax return, you... read more

Deadline Reminder

Deadline Reminder October 1 is SIMPLE deadline If you’re self-employed or own a small business and don’t currently have a retirement... read more

Check your 2014 tax payments

Check your 2014 tax payments The deadline for the third quarterly payment of 2014 estimated taxes is September 15.That’s a... read more

IRS Warns Public About Phone Scams

IRS Warns Public About Phone Scams IRS warns again about phone scams Another strong warning from the IRS is alerting... read more

Eight Honored at the 2014 NAEA National Conference

Eight Honored at the 2014 NAEA National Conference                                          Eight Honored at the 2014 NAEA National Conference Port St Lucie Businessman Receives... read more

IRS Warns Taxpayers Warn of “Largest Ever Phone Fraud Scam”

IRS Warns Taxpayers Warn of “Largest Ever Phone Fraud Scam” The Treasury Inspector General for Tax Administration, J. Russell Ge0orge... read more