John V Stelmack

What Can a CPA Do that a Regular Accountant Can’t?

What can a CPA do that a regular accountant can’t? That’s what we’d like to address today.

10 Questions To Ask Your CPA

If you are hiring an accounting or tax and business firm, it should go without saying that you have a CPA involved in looking over all of the work. However, not all accounting firms are created e…

What Are the Differences Between an Accountant & a CPA?

Tax preparation can be a challenge for anyone. However, people with complicated needs must be especially mindful of tax obligations and deadlines. For example, if yo...

EA vs. CPA Tax Professionals: What’s the Difference?

An enrolled agent and a certified public accountant are both tax experts, but when you should work with an EA vs CPA is different based on your needs.

IRS Tax Tip: Ten Tax Tips For Individuals Selling Their Home

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.Read more →

Here’s why your tax return may be flagged by the IRS

There are several reasons why your tax return may get flagged or audited by the IRS. Here’s how to avoid IRS scrutiny and processing delays.

You Might Need an Accountant If.....

While there’s never a “wrong” reason or a “bad time” to hire an accountant, you’ll want to make absolutely sure that

How to Find a Good CPA or Tax Preparer

ShareAll tax preparers must be registered with the IRS, but they're not all created equal: experts recognize certified public accounts (CPA), enrolled agents (EA), and attorneys as the most trusted way to go because of the depth of their education and training. Here are a few tips on how to find a good CPA or tax preparerStart your search right. With more than 700,000 registered tax preparers with the IRS, narrowing the field can be daunting.Use your network. Start with…

5 Common Causes of Prevalent Tax Mistakes

If you want a better tax strategy for the future, chances are you could be doing a better job throughout the year to save on income taxes. The following are mistakes that many taxpayers are liable to make now and in future years.Featured Item: off 1Money: Taxing Times

Owe More Than You Can Pay? IRS Has Payment Plans

Plans are available for anyone who owes under $50,000 in federal taxes.

What To Do When the IRS Needs to Verify Your Identity

If the IRS needs to contact you because they're worried about identity theft (or you've filed a report that your identity has been stolen), here's what you need to know, and here's how you can do it.

Procrastinating on Filing Your Taxes?

If you have been procrastinating about filing your 2017 tax return or have not filed other prior year returns, you should consider the consequences, including the penalties, interest, and aggressive enforcement actions. Plus, if you have a refund coming for a prior you may end up forfeiting it.

What are the odds of being audited by the IRS?

The IRS chooses a small number of tax returns each year to audit. Receiving an audit doesn't necessarily mean that you did something wrong – they can audit you for no reason at all. Even so, it c

FAQ: Stimulus payments. When do you get it, how, what about taxes?

Two experts answer your questions about stimulus payments, who gets it, when, and what happens with mistakes.

On Your Side: Hire a good tax professional

Why Choosing the Right Accountant Can Be the Best Investment You Make

It's important to find an accountant who is a strategic, highly-valued partner to you and your business.

What to Do if the IRS Audits You

Besides filing taxes, the next thing a taxpayer can dread is getting audited. Here are some tips to reduce your chances on being the 'chosen' one and what to do if