Sass Accounting

It’s here, the Tax Cuts and Jobs Act has passe both houses and been signed by President Trump. First let me say that there will more tax legislation in the coming days. This bill with our current tax system will create some unintended consequences. A…

Be Smart About Security at Tax Time Although the IRS reports a 400 percent surge in phishing and malware incidents during the 2016 tax season, there are simple steps you can take to help protect yourself. Here are nine hints that can help: Beware of…

(NAPS)—The Internal Revenue Service has a warning for many Americans (and it’s not about paying your taxes). Instead, the agency has tips on how to protect yourself from telephone scam artists calling and pretending to be with the IRS. These callers may demand money or…

Scams and identity theft that affect the IRS have been on the rise.  Here are three common types to be aware of: Avoid scammers: Don’t answer calls or texts from these area codes http://abc7ny.com/society/phone-scam-avoid-calls-texts-from-these-area-codes/1793425/ IRS-Impersonation Telephone Scam An aggressive and sophisticated phone scam targeting taxpayers,…

Taxes don’t stop when your paycheck does. In fact, tapping your retirement nest egg comes with all sorts of new rules and opportunities. When you retire, your life changes in many ways — and so do your finances. One of the biggest changes is that…

If you receive payments from the state Medicaid program, there is tax relief for some of those payments if you qualify.  While we cannot determine whether or not this affects you directly, we wanted you to be aware of this provision.  If you determine that you…

If you realize you forgot something on your tax return, you can amend that return after it has been filed. There are many reasons individuals need to amend their returns, whether it is for the just-filed return or prior year returns. Here are some key…

By Kathryn Buschman Vasel Money Tree Published February 18, 2014 FOXBusiness REUTERS No one really knows what will trigger an audit by the IRS, which causes many taxpayers to live in fear — and that’s exactly what the agency wants. “The IRS isn’t going to give you…

Be green!  Manage your donations electronically.  It’s easy!  Just visit this link to Goodwill website.  Once there, click on the Donation Receipt Builder box and either log in to your account or create one if you don’t have one already.  It’s free! “Welcome to Goodwill Industries…

Many people contribute to charity throughout the year.  The IRS wants to remind those who donate of some of the laws governing the contributions and your taxes. IR-2012-102, Dec. 19, 2012 WASHINGTON — Individuals and businesses making contributions to charity should keep in mind some…