Payments In A New Year: When To report the income

Payments in a New Year: When to Report the Income?

WAIT A MINUTE!!! Why did I get a 1099 for monies I received in a following year? You did the work late in the year. You expect to get a check in that year, but actually receive the check just after th...

Wait A Minute—Is This 1099 Right? by Gary Weiss

WAIT A MINUTE!!! Is this 1099 Right?

Why you might get a 1099 for monies you received in a following year. The Issue As a CPA I come across this situation all the time. I have clients who will mail checks to pay their vendors on December...

What do Jellyfish & The IRS have in common? Gary Weiss

What Does the Immortal Jellyfish and the IRS Have in Common?

When the IRS needs to collect an outstanding tax liability, do they ever go away? I had never heard of the Immortal Jellyfish until I saw it on the show, “Blacklist.” Turns out the Immortal Jellyfish ...

2021 Tax Tips: A Look Into the Future

2021 Tax Tips: A Look at the Future

The end of the year always means the possibility of last-minute tax changes, and this year, that’s especially true. Here are some tax tips to help with your 2021 taxes. New legislation may mean ...

Yikes! I got a tax notice in the mail!

Yikes! I Got a Tax Notice In the Mail!

Don’t panic and don’t ignore a tax notice sent by the IRS. One of the great fears we all share is receiving an IRS notice in the mail, especially if it shows up requiring a signature. The fear and anx...


Recordkeeping: The Key to Smooth Tax Transactions

Well-organized recordkeeping makes it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice. OK… here’s the deal. As a tax-...


A Blender & Tax Resolution

One accountant’s reflection on what a 1960s blender and tax resolution services have in common. The Good Old Days When I was a kid, growing up in the late ‘50s through the early ‘70s, my father sold h...


Taxation of Cryptocurrency and NFTs: New Rules Coming

Cryptocurrency, a type of digital currency that uses cryptography for security and anti-counterfeiting measures and is not controlled by any bank or government, is becoming more mainstream as more com...


A Proposed Solution to Our Current Tax System

It’s time to take a fresh look at how we tax people here in the United States. While the IRS is a necessary entity that serves a legitimate purpose, we as a country need to shift our approach toward a...

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