News & Events

Thanksgiving Office Closings & End of Year Updates

We will be closed both Thursday and Friday November 24th & 25th.  We hope you all have a wonderful and warm Thanksgiving!   As a reminder, Purple Prepayments have been mailed and our newest newsletters should be reaching your mailboxes this week.  Please feel free to contact our office before the end of the year…

Financial Insights on Giving to Charities

Who said, “We make a living by what we get, we make a life by what we give”? If you knew it was Sir Winston Churchill, pat yourself on the back. His message is still quite relevant today as many of us question how we can help others in need. And whether you’d like to…

A Brief History of the IRS: The government agency you love to hate

You might be fascinated by the following information about the IRS. Yes…fascinated! The roots of the Internal Revenue Service (IRS) go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an income tax to pay war expenses. The income tax was repealed…

Looking for a Tax Return Status Update?

Please feel free to contact our front desk staff if you would like an update on your tax return. Remember: we ask for 30 days to turn around tax returns, and we always prepare them in the order they are received. Our staff is hard at work preparing & reviewing all tax returns, so if…

Due Date Reminder

Just a friendly reminder, the IRS has set the E-Filing and electronic payment due date as April 18th, 2016. Regardless of Patriot’s Day, this applies to Maine and Massachusetts residents.

Please have your tax information to us by March 17th in order to meet the April 18th deadline.

2015 Tax Organizers Have Been Mailed

Watch your mailbox as the 2015 tax organizers have been mailed. The organizer will help you pull together the information necessary to complete your 2015 tax returns. Some of the frequently asked questions relating to the organizer and tax returns are: 1) Are copies okay to send? Yes, you do not need to send us…

IRS Identity Theft PIN Notice Notes Wrong Tax Year

If you have been a victim of identity theft you may receive an identity protection personal identification number (IP PIN) from the IRS to use to file your personal return. The IRS will send you the number by a written notice, CP01A. The notices for the current year have been going out since January 4th…

2016 Tax Brackets and General Deductions

Individual, Trust and Estate Income Tax Brackets 2016 2015 Beginning of 15% Bracket Married Filing Joint (MFJ) or Qualifying Widow(er) (QW) $18.55 $18,450 Single 9,275 9,225 Head of Household (HOH) 13,250 13,150 Married Filing Separate (MFS) 9,275 9,225 Estates and Nongrantor Trusts 0 0 Beginning of 25% Bracket MFJ or QW $75,300 $74,900 Single 37,650…

General Summary on the Protecting Americans from Tax Hikes Act of 2015

Congress has once again extended the “extenders,” a varied assortment of more than 50 individual and business tax deductions, tax credits, and other tax-saving laws which have been on the books for years but which technically are temporary because they have a specific end date. This package of tax breaks has repeatedly been temporarily extended…

E-filing Suspended Until January 2016

The IRS has temporarily suspended e-filing for individuals, businesses and fiduciaries. Therefore, we will be required to paper file any returns through January. If you receive your paper copy of a return and have any questions please do not hesitate to call the office for assistance. In an IRS Quick Alert notification, the Internal Revenue…