IRS is Forgiving Late Filing Penalties
The Internal Revenue Service recently announced blanket forgiveness of late filing penalties for 2019 and 2020 tax returns. Tax filings...
The latest news and advice for small businesses from Mattson Gleason CPAs, an accounting firm in Minneapolis, offering business tax services, bookkeeping and accounting.
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Mark S Gleason CPA
- Jul 14
- 2 min
Bad Accounting Practices to Avoid
Keeping your company books and financial records in order is a time consuming process that is a challenge for all business owners. Here...
Mark S Gleason CPA
- Apr 6
- 3 min
For IRS, Paper = Kryptonite
Recent written testimony by the National Taxpayer Advocate, Erin Collins, before The Congressional Subcommittee on Oversight, Ways and...
Mark S Gleason CPA
- Jan 18
- 1 min
After 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 CPA
- Dec 11, 2021
- 2 min
Small Business Owners Can Now Deduct State Income Taxes as a Business Deduction
We have identified a new tax savings opportunity for small business owners having “pass through income” (PTE). Partners in partnerships...
Mark S Gleason CPA
- Dec 2, 2021
- 1 min
Tax professionals should review their security protocols
As identity thieves continue targeting tax professionals, the IRS and the Summit partners urge practitioners to review the...
Mark S Gleason CPA
- Dec 1, 2021
- 1 min
Get an Identity Protection PIN
Taxpayers 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 CPA
- Nov 30, 2021
- 1 min
Giving Tuesday: Beware of scammers using fake charities
Mattson Gleason CPAs Ltd, the IRS and the Security Summit partners warn people to avoid getting scammed when donating to charities. The...
Mark S Gleason CPA
- Nov 29, 2021
- 1 min
Cyber Monday: Protect personal and financial information online
Mattson Gleason CPAs Ltd, the IRS and the Security Summit partners remind people to take these basic steps: Use security software for...
Mark S Gleason CPA
- Nov 27, 2021
- 1 min
Businesses should implement safeguards and watch out for tax-related scams
Most cyberattacks are aimed at small businesses with fewer than 100 employees: Learn about best security practices for small businesses....
Mark S Gleason CPA
- Nov 26, 2021
- 1 min
National Tax Security Awareness Week
The 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 CPA
- Oct 19, 2021
- 2 min
Don'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 CPA
- Oct 10, 2021
- 1 min
What 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 CPA
- Sep 26, 2021
- 2 min
I Need a Copy of My Tax Return
I 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 CPA
- Sep 19, 2021
- 2 min
How to Defend Your Deductions
How 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 CPA
- Sep 12, 2021
- 2 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 CPA
- Sep 9, 2021
- 2 min
11 Million MATH ERROR Notices - More Bad News from the IRS
Did 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 CPA
- Sep 5, 2021
- 1 min
How 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 CPA
- Aug 29, 2021
- 1 min
Offer 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 CPA
- Aug 22, 2021
- 1 min
BUSINESS: 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?...