When working with tax clients, it is important they understand the difference between the filing of their tax returns and the paying of the tax due on these returns. These two tasks are mutually exclusive and we certainly get the … Continue reading
Category Archives: Tax Preparation
18 September 2019
What should I do if I owe Money to the IRS?
11 September 2019
What do I do if I am behind a few years in filing my Income Taxes?
This is a very popular question in our tax office and we get it often. “I have not filed my taxes for three years. Am I in trouble or what should I do?” Well, it is important to understand your … Continue reading
5 September 2019
I filed my Income Tax Extension but when is my Tax Return Due?
We get many questions each year around this time that go like this: “OK Stu, I know you filed an extension for my business and personal returns, but when are the filings due?” This is a BUSY time of year … Continue reading
25 July 2019
Income Tax cutting strategies for Mid Year 2019
While many tax preparation firms go on vacation after tax season ends, my firm stays busy year round helping clients plan their taxes, budgets, and overall financial lives. There are often many things one can do to pay less taxes … Continue reading
13 February 2019
Avoid Being Double Taxed on Reinvested Dividends
I get a lot of questions every tax year about capital gains taxes and what the word “basis” means. The basis of an asset is the purchase price paid. One thing that is easy to miss is the tax paid … Continue reading
11 February 2019
The 20% Passthrough Tax Deduction for Small Businesses (IRS 199A)
At Erock, we have been consulting with small business owners since the late 1980s. Many people have run their businesses as non incorporated Schedule C filers, while others have formed partnerships or S-Corporations for many differing reasons. These “passthrough” taxpayers … Continue reading
4 February 2019
Income Tax Filing 2018 Getting Ready for Your Tax Preparer
Welcome to 2019 and the 2018 tax filing season. Let’s make it a great year! Here are a few things you need to do to get ready to prepare your taxes for 2018. It is very important to get organized … Continue reading
1 May 2018
What does Tax reform mean to YOU?
Let Stu at Erock Tax show you what tax reform means to your bottom line. Now that the mad tax rush is over, we can focus on the key changes from tax reform that will have an impact directly on … Continue reading
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