Category Archives: IRS

IRS Alert of New Email Phishing Scam

Posted on June 9, 2014 by Andrew Schwartz, CPA

From IRS.gov: The IRS has been alerted to a new email phishing scam. The emails appear to be from the IRS and include a link to a bogus web site intended to mirror the official IRS web site. These emails … Continue reading →

Posted in IRS | Leave a comment

IRS Warns of Phone Scam that Targets Immigrants

Posted on June 5, 2014 by Andrew Schwartz, CPA

The Internal Revenue Service issued a warning for consumers to guard against sophisticated and aggressive phone scams targeting taxpayers. Reported incidents of this type of crime continue to rise nationwide. The phone scam frequently targets recent immigrants and threatens them … Continue reading →

Posted in IRS, Taxes | Leave a comment

IRS Increases Retirement Plan Limits for 2014

Posted on December 23, 2013 by Andrew Schwartz, CPA

Contributing to a retirement plan is one of the best tax shelters available to you during your working years. Recently, the IRS announced that most of the retirement savings limits will NOT increase for 2014. RETIREMENT PLAN LIMITS FOR 2014: … Continue reading →

Posted in IRS, Planning, Savings | Tagged 401(k), Andrew Schwartz, Individual Retirement Account, Internal Revenue Service, IRS, Retirement savings account, Roth IRA, Schwartz & Schwartz, Schwartz and Schwartz, Self-employment, SIMPLE IRA | Leave a comment

POTENTIAL 2013 TAX CHANGES

Posted on December 7, 2012 by Andrew Schwartz, CPA

by Richard S. Schwartz CPA. CVA Will the re-elected President and the new Congress let all these tax rules expires? We’ll have to wait and see. Here is a recap list of all the changes that will be made to … Continue reading →

Posted in IRS, Taxes | Tagged Andrew Schwartz, Internal Revenue Service, Schwartz & Schwartz, Tax | 1 Comment

WHAT’S NEW WITH THE FICA REFUND?

Posted on October 18, 2012 by Andrew Schwartz, CPA

In a shocking development, the IRS recently announced that they will be honoring the FICA tax refunds submitted by residency programs and individual doctors. The catch is that only FICA taxes paid prior to 4/1/05 qualify. For more information, go … Continue reading →

Posted in IRS | Tagged Accounting, Andrew Schwartz, Federal Insurance Contributions Act tax, FICA, Internal Revenue Service, IRS, Schwartz & Schwartz, Social Security, Tax, United States | Leave a comment

IRS: Job Search Expenses Can Be Tax Deductible

Posted on August 29, 2012 by Andrew Schwartz, CPA

Many healthcare professionals work based on the Academic Calendar. That means that a lot of Doctors switch jobs over the summer. According to our friends at the IRS in their IRS Summertime Tax Tip 2012-06: Summertime is the season that … Continue reading →

Posted in IRS, Planning, Taxes | Tagged Andrew Schwartz, Expense, Internal Revenue Service, IRS, Itemized deduction, Job hunting, Schwartz & Schwartz, Tax deduction, Tax form, Tax return (United States) | 1 Comment

IRS lists The Dirty Dozen Tax Scams for 2012

Posted on July 31, 2012 by Andrew Schwartz, CPA

The Internal Revenue Service issued its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The Dirty … Continue reading →

Posted in IRS | Tagged Dirty Dozen, Identity theft, Internal Revenue Service, Tax | Leave a comment

Reminder: Report of Employ Retirement Plan due July 31

Posted on July 24, 2012 by Andrew Schwartz, CPA

If your Keogh or Solo 401(k) accounts are worth more than $250,000, or if you have employees in your plan, you need to file Form 5500-EZ by Tuesday, July 31. For more info: http://www.irs.gov/retirement/article/0,,id=117588,00.html Have questions? We can help: 781.938.0045.

Posted in IRS | Tagged 401(k), 5500, Individual Retirement Account, Pension, retirement, SEP-IRA | Leave a comment

Mid-Year Tax Projections – Don’t Delay

Posted on July 17, 2012 by Andrew Schwartz, CPA

It’s summertime! And taxes are the last thing on your mind, but now is actually the BEST time to think about doing a tax projection. If you have self-employment income, had a job change, got married, have multiple sources of … Continue reading →

Posted in IRS, Planning, Taxes | Tagged Andrew Schwartz, projections, Tax, Withholding tax | Leave a comment

Reminder: FBAR Filing Due

Posted on June 26, 2012 by Andrew Schwartz, CPA

Have Foreign Accounts? Your FBAR Filing is due 6/30/12 for individuals and businesses with foreign accounts worth more than $10k at any point during 2011.

Posted in IRS, Taxes | Tagged Andrew Schwartz, FBAR, foreign accounts, Schwartz and Schwartz | Leave a comment