Category Archives: Tax Preparation

14 August 2012

Taxation of Professional Athletes

Win Damon of WNBP.com and Radio 1450 in Newburyport and Stu review the taxation of Professional Athletes as well as the taxation of the medals won by the amateurs at the Olympics. Imagine the pro athlete who works in various … Continue reading

11 April 2012

April 15th means tax PAYING time, NOT filing time!

For many people, April 15th is a panic time.  Running to the post office, all the media outlets chatting about the filing deadline.  Well guess what?  It is NOT the filing deadline.  That is October 15th for individual taxpayers.  April … Continue reading

3 March 2012

IRS Tax Return Fun Facts 2011-2012

Tax Fun Facts 140 million tax returns were filed in 2011 100 million refunds were issued totaling $300 billion! 80% of all returns were e-filed The IRS cost per e-filed tax return is $.80. A paper return cost $3.50! 2012 … Continue reading

24 February 2012

ERock Tax Tip – Claim Unreimbursed Expenses on Form 2106

Tax Tip of the Day – Claim Unreimbursed Employer Business Expenses Do you incur any unreimbursed business expenses from your employer?  Expenses could include travel, attending conferences, using your cell phone or automobile mileage. Any amount you spend on unreimbursed … Continue reading

9 February 2012

Tax Tip – Dealing with the onslaught of 1099s and Tax Docs

Tax Tip of the Day – Breaking Down all this crazy mail that gets delivered! Just as we seem to get organized and sorted out after the holidays and turn of the New Year, tax documents begin to flood our … Continue reading

1 February 2012

Tax Tip of the Day – Ask for Help in Organizing Your Tax Documents

Do you find tax season with all its documents, forms and filings challenging and stressful? You can put yourself at ease knowing that through the use of creative passwords shared with your CPA, your tax advisor can assist you and … Continue reading

26 January 2012

QUICK HIT TAX FIGURES FOR THE 2011 FILING SEASON

  Some important figures to know when preparing your 2011 Taxes! PAYROLL TAX CUT for employees extended through February 29, 2012. (Social security tax rate on wages up to $110,100 will be 4.2% rather than 6.2%.) ADOPTION TAX CREDIT decreases … Continue reading

19 January 2012

WNBP Radio Show – 3 Quick Tips for the 2011 Filing Season

In this radio podcast with WNBP.com 1450am morning host Win Damon we discuss 3 quick things to do to get ready for the upcoming tax filing season.  First, you need to stay organized, when handling documents needed to prepare your 2011 … Continue reading

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