Payroll Tax Cut Will Increase Take Home Pay
1 minute read
For those who are employed or paid on W2 the new Payroll Tax Cut will increase take home pay for the coming year, 2011. This is because the social security tax is being reduced by 2 points.
Current Promotions
Tax Tips & News: Announcements (4)
Congress Finally Passed a Tax Deal
2 minutes read
Congress was finally able to come to an agreement regarding the tax cuts that were set to expire at the end of this year. They have passed a bill that will effect all income levels. The bill will basically keep the Bush era tax cuts and allow for a few other tax saving provisions. Lawmakers did not think it would be prudent to increase taxes in this economy and their plan is to give tax savings that will allow for economic growth.
Are you one of 1,000+ Long Islanders that are due IRS Refunds?
1 minute read
If a return is filed with the wrong address or a taxpayer moves after filing for their refund, the check is returned to the IRS and held there until someone claims it. This year 9,662 New Yorkers checks have been sent back to the IRS as undeliverable. Of these checks there are over 1,000 owed to Long Islanders.
Congress is closing in on a deal to extend Bush’s Tax Cuts
2 minutes read
Democrats were pushing to extend Bush’s Tax Cuts for those taxpayers who make an amount equal to or less than $250,000 for married or $200,000 for single. However, Republicans were looking to extend the tax cuts for all income levels, keeping the original tax cuts in place.
IRS Seeks to Return $164.6 Million in Undelivered Checks
0 minute read
If you have not received your refund and your tax return was submitted more than 6-8 weeks ago, your check may have been sent back to the IRS.
Better Business Bureau: Are Good Ratings Bought?
1 minute read
The Better Business Bureau, one of the country’s best known consumer watchdog groups, is being accused by business owners of running a “pay for play” scheme in which A plus ratings are awarded to those who pay membership fees, and F ratings used to punish those who don’t.
Taxpayer Beware: Email Scams
1 minute read
The Internal Revenue Service has been plagued with phishing schemes in recent years. Taxpayers beware that the IRS will never contact you via email, so anything that you receive via email that says it is from the IRS is actually not.
H&R Block may not be able to offer Refund Anticipation Loans (RAL) for 2011 tax season
3 minutes read
Last week H&R Blocks stocks plummeted to the lowest they’ve been since 2001, after news that the national chain may not be able to offer Refund Anticipation Loans (R.A.L.) for the upcoming tax season. More recently the stocks are teetering up and down as news about their legal dispute with H.S.B.C., the bank they use to offer Refund Anticipation Loans, continues to be discussed.
R&G Brenner Walks for Strides Against Breast Cancer
1 minute read
The ladies of R&G Brenner walked to raise funds and awareness for Strides Against Breast Cancer at Jones Beach.
New Requirements for Federal Tax Return Preparers
2 minutes read
The IRS has confirmed that the proposed New Requirements for Federal Tax Return Preparers will begin by the end of this year and will be enforced for the coming tax season in 2011. Tax Return Preparers will be required to register with the IRS by obtaining a Preparer Tax Identification Number (PTIN) which is unique to each Tax Preparer and will allow the IRS to track how many returns and which returns each individual tax preparer prepares each year. Return preparers will be charged an...