Whalen CPAs: Firm News

What’s New at Whalen CPAs?

Exciting things are always happening at Whalen CPAs! Stay abreast of firm news and Contact Us if you have any questions.

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The short answer is: none. You need to hold on to all of your 2013 tax records for now. But
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If during 2013 income tax return filing you found that your business had a net operating loss (NOL) for the
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In late 2013, the Internal Revenue Service (IRS) released final regulations that will greatly impact a taxpayer’s ability to capitalize
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Tax-advantaged retirement plans allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. But annual
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If you purchased qualifying assets by Dec. 31, 2013, you may be able to take advantage of these depreciation-related breaks
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Tax credits can be especially valuable because they reduce taxes dollar-for-dollar; deductions reduce only the amount of income that’s taxed.
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One of the most common mistakes investors make is forgetting to increase their basis in mutual funds to reflect reinvested
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For the last several years, taxpayers have been allowed to take an itemized deduction for state and local sales taxes
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Recently released IRS final regulations for the Affordable Care Act’s (ACA’s) employer shared-responsibility provision provide some short-term relief for midsize
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If your use of a home office is for your employer’s benefit or because you’re self employed, you may be
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Investors are looking everywhere for better yields – but how many of them look into Master Limited Partnerships? Many investors
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ADP recently introduced additional tools to assist small businesses in complying with the complex provisions of the Affordable Care Act
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