by Leif Jensen | Nov 16, 2012 | General |
The IRS continues to investigate and scrutinize preparers of earned income credit returns. The Service has mailed a new series of letters to those preparers suspected of making mistakes on 2011 returns that claimed the credit. Two main problems noted in the letters...
by Leif Jensen | Nov 15, 2012 | General |
An ongoing issue with a start up business are the losses sustained while getting the business going. In a recent court case, a business had a long series of annual losses. Losses do not always mean an activity is a hobby, according to the Tax Court says, overruling...
by Leif Jensen | Oct 28, 2012 | General |
Are you one of the people logging onto the IRS website to check on the status of your refund? Most of the time when clients asked our office to check, the refund dates where very accurate. It seems that we were the exception and not the rule. So this tax season the...
by Leif Jensen | Aug 31, 2012 | General |
As we slowly plod towards the November elections the country will be truly voting on the direction for our economic future. The country faces increasing deficits, underfunded pensions and a bloated bureaucracy. As well as a tax system that is financed by only half of...
by Leif Jensen | Aug 31, 2012 | General |
So I am listening to an economist giving a presentation on his predictions for the future of our economy. He has a mathematic background and the presentation was filled with detailed charts and graphs. But it was surprisingly interesting, at least to me. (I may need...
by Leif Jensen | Aug 31, 2012 | General |
Earlier in the week, I was at the ICPAS Accounting and Finance Show. I am always amused by some aspects of the show. CPA’s tend to be very cheap lot, and the vendors of the show know this, and as a result, many of my brethren stock up on all of their pens needs for...
