Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that understands your business, that works in all 50 states and is there for you when you need him?
“Jerry has been doing my individual taxes for the past 7 years. He must be doing OK since I haven’t been audited or had to pay any fines. In addition to my regular taxes, Jerry completed the final returns for my mother’s Living Trust in California. Before taking on this task Jerry let me know that he hadn’t handled a trust, especially in California for a long time. This required Jerry to make the extra effort to research and consult with a lawyer to successfully file the IRS and California returns and to close the financial requirements of the trust. I highly recommend Jerry’s services".
Leif L., Taxpayer

IRS, Partners Urge Strong Passwords Help Protect Identities at Tax Time and Beyond

password irs tax safety jerry jonesThe Internal Revenue Services and its partners, in the fight against identity theft, urge computer users to strengthen their passwords.

The password serves as the first line of defense to stop hackers and identity thieves from accessing your computer, mobile phone and other internet-accessible devices.

The IRS, state tax agencies and the tax professional industry are asking for your help in their effort to combat identity theft and fraudulent tax returns. Working in partnership with you, we can make a difference.

IRS Launches New Online Tool to Assist Taxpayers with Basic Account Information

New online tool taxpayer CPA Jerry JonesWASHINGTON – The Internal Revenue Service announced today the launch of an online application that will assist taxpayers with straightforward balance inquiries in a safe, easy and convenient way.

This new and secure tool, available on IRS.gov allows taxpayers to view their IRS account balance, which will include the amount they owe for tax, penalties and interest. Taxpayers may also continue to take advantage of the various online payment options available by accessing any of the payment features including: direct pay, pay by card and Online Payment Agreement. As part of the IRS vision for the future taxpayer experience, the IRS anticipates that other capabilities will continue to be added to this platform as they are developed and tested.

IRS, Partners Urge Strong Passwords Help Protect Identities at Tax Time and Beyond

password protection IRS Jerry Jones CPAThe Internal Revenue Services and its partners, in the fight against identity theft, urge computer users to strengthen their passwords.

The password serves as the first line of defense to stop hackers and identity thieves from accessing your computer, mobile phone and other internet-accessible devices.

The IRS, state tax agencies and the tax professional industry are asking for your help in their effort to combat identity theft and fraudulent tax returns. Working in partnership with you, we can make a difference.

IRS, Partners Move to Strengthen Anti-Fraud Effort with Form W-2 Verification Code

anti fraud IRS Jerry JonesWhen you get your Form W-2 in early 2017, you may notice a new entry – a 16-digit verification code. This is part of an effort conducted by the Internal Revenue Service to protect taxpayers and strengthen anti-fraud efforts.

The expanded use of the W-2 Verification Code is a way to validate the wage and tax withholding information on the tax form. For taxpayers, taking a moment to add this code when filling out their taxes helps the IRS authenticate the information. This in turn helps protect against identity theft and unnecessary refund delays.

Tax Planning for Aging Clients: Medical Expense Deduction for Home Improvements

tax planning medical expense wheel chairBy Martin M. Shenkman, CPA/PFS, AEP, J.D.
Editor: Theodore J. Sarenski, CPA/PFS, CFP, AEP

Tax practitioners are well aware that the population is aging. The U.S. Census Bureau estimates those age 85 and older could number 18 million by 2050. Aging often brings increased health and mobility challenges. The U.S. Department of Health and Human Services Administration for Community Living projects the number of moderately or severely disabled elderly persons will grow to 22.6 million by 2040.Approximately 79% of people who require long-term care live in their homes, according to the Family Caregiver Alliance. This will necessitate additional home modifications to make homes more accessible, safer, or capable of addressing specific health issues. Many clients making these improvements, with guidance and planning, may qualify for valuable home improvement medical expense deductions. These deductions can be substantial and, thus, of interest to even wealthy clients.

Planning for this deduction can create an opportunity for CPA firms to offer aging clients a range of planning and other services. For example, CPAs as trusted advisers can help aging clients safeguard and manage their financial assets by monitoring their bank, brokerage, and other statements. In addition, at some age or level of incapacity, these clients will need someone to provide bill-paying and related services. Few, if any, people are more qualified to provide these services than CPAs.

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