Mark S Gleason CPAApr 63 minFor IRS, Paper = KryptoniteRecent written testimony by the National Taxpayer Advocate, Erin Collins, before The Congressional Subcommittee on Oversight, Ways and...
Mark S Gleason CPAJan 181 minAfter a ‘horrendous’ 2021, the I.R.S. will start the tax season with a major backlog.The Internal Revenue Service will kick off the approaching tax season with a backlog of at least 10 million unprocessed returns from last...
Mark S Gleason CPADec 11, 20212 minSmall Business Owners Can Now Deduct State Income Taxes as a Business DeductionWe have identified a new tax savings opportunity for small business owners having “pass through income” (PTE). Partners in partnerships...
Mark S Gleason CPADec 2, 20211 minTax professionals should review their security protocolsAs identity thieves continue targeting tax professionals, the IRS and the Summit partners urge practitioners to review the...
Mark S Gleason CPADec 1, 20211 minGet an Identity Protection PINTaxpayers who can verify their identities online may opt into the IRS IP PIN program – a major expansion of the program from previous...
Mark S Gleason CPANov 30, 20211 minGiving Tuesday: Beware of scammers using fake charitiesMattson Gleason CPAs Ltd, the IRS and the Security Summit partners warn people to avoid getting scammed when donating to charities. The...
Mark S Gleason CPANov 29, 20211 minCyber Monday: Protect personal and financial information onlineMattson Gleason CPAs Ltd, the IRS and the Security Summit partners remind people to take these basic steps: Use security software for...
Mark S Gleason CPANov 27, 20211 minBusinesses should implement safeguards and watch out for tax-related scamsMost cyberattacks are aimed at small businesses with fewer than 100 employees: Learn about best security practices for small businesses....
Mark S Gleason CPANov 26, 20211 minNational Tax Security Awareness WeekThe 6th Annual National Tax Security Awareness Week takes place from November 29–December 3, 2021. Sponsored by a coalition of the IRS,...
Mark S Gleason CPAOct 19, 20212 minDon't Click That Link!In honor of cybersecurity month (October), here is a reminder about the danger of clicking links embedded in emails. Cybercriminals use...
Mark S Gleason CPAOct 10, 20211 minWhat to do with a loan to you that has gone bad? What to do with a loan to you that has gone bad? Question: I made a loan to a relative that will never be repaid. Can I take a deduction...
Mark S Gleason CPASep 26, 20212 minI Need a Copy of My Tax ReturnI Need a Copy of My Tax Return Retaining copies of your federal tax return is important. Not only will you need the return in case of...
Mark S Gleason CPASep 19, 20212 minHow to Defend Your DeductionsHow to Defend Your Deductions Helping make the IRS auditor say yes When faced with questions on your tax return deductions, it is getting...
Mark S Gleason CPASep 12, 20212 min I'm Being Audited! Less than 2% of over 145 million individual tax returns filed will be selected for audit. The percentage increases for higher income...
Mark S Gleason CPASep 9, 20212 min11 Million MATH ERROR Notices - More Bad News from the IRSDid you get a “Math Error” notice from the IRS? Welcome to the club. The IRS reports that it has issued over 11 million “Math Error”...
Mark S Gleason CPASep 5, 20211 minHow to keep track of business car expenses?How to keep track of business car expenses? Question: How do I keep track of the business use of my vehicle? Answer: You can use either...
Mark S Gleason CPAAug 29, 20211 minOffer in Compromise (OIC)If the IRS has determined that you are unable to pay the full amount due to them either with your current assets or with your future...
Mark S Gleason CPAAug 22, 20211 minBUSINESS: Who should own our business building?BUSINESS: Who should own our business building? Question: Should my corporation own our business building or should I own it personally?...
Mark S Gleason CPAAug 16, 20211 minWhy do I need a tax professional when I can buy tax prep software?Question: Why do I need a tax professional when I can buy tax preparation software? Answer: Tax software producers claim their products...
Mark S Gleason CPAAug 8, 20211 minThe Strength of an Accounting ProfessionalHaving a good accountant can do more than just prepare your tax return. He or she can assist you with - accounting and recordkeeping...