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Rod Polston and Rachel Pappy were both selected as Super Lawyers for this year. This is the second year in a row that Pappy has won “Rising Star.” Rising Stars must be under 40 or have practiced law for less than ten years. Only 2.5 percent are awarded this distinction. 

The Super Lawyer award is only given to five percent of practicing attorneys each year. 

Congratulations to Polston and Pappy!

Natural disasters can affect anybody at any time. One way you can lessen the effects of natural disasters is to be well-prepared. The IRS has offered several tips to prepare for the worst that mother nature has to offer, and assures that in the event of an emergency, they are available to help handle disaster-related issues. 

With the holidays just around the corner, the year’s end is officially upon us. That means there is no better time to meet with your tax preparer. Conducting a year-end review will allow you to get a jump start on your 2015 taxes, go over any changes in your finances, and give you and your preparer plenty of time to get your tax return in shape. You can even schedule multiple meetings if your return is more complex. Plus, as April approaches, your CPA’s time will be in high demand; the earlier you contact them, the more individual attention they’ll be able to offer you. 

The IRS announced in late September that it plans to begin private collection of certain overdue federal tax debts next spring and four contractors have been selected to help implement the program. Authorized by a federal law enacted by Congress last December, this new program will enable these contractors to collect outstanding inactive receivables on the government’s behalf. Here’s a quick look at how these changes may affect you, the taxpayer.  

As our country prepares for the November Presidential elections, many have strong leanings toward one candidate or the other, while others are still undecided. In preparation for election season, both candidates – Hillary Clinton and Donald Trump – have recently filled in the details on their originally loosely defined tax plans. Not surprisingly, individuals weighing in on the tax proposals of both Clinton and Trump typically prefer one plan or the other depending on where they fall on the political spectrum. Clinton’s plans tend to appeal to those looking for equality and fairness, while Trump’s plans tout more simplicity and lower rates to spur growth. But what about the specifics? This week we’re examining the tax plans presented by each candidate so we can all be better informed come November. 

At Polston, it’s always our goal to help you stay in the know and savvy when it comes to your taxes – and that includes helping you to protect yourself from thieves and scammers looking to take advantage. The IRS is alerting individuals of a sophisticated new scam involving fake CP2000 notices that are being sent to taxpayers to bill them for unpaid taxes related to the Affordable Care Act. This issue has been reported to the Treasury Inspector General for Tax Administration for investigation, but here are a few key things to look out for so you don’t fall victim: 

Sep 01, 2016

Tax Myth Busters

When preparing your taxes, it can often be hard to keep the facts straight. Everybody knows somebody (or multiple somebodies) who think they know everything about filing taxes. But when questions arise, it’s always best to trust the experts – that’s what we’re here for! This week we’re covering a few of the most popular tax “myths” to help set the records straight. 

If you’ve ever had your identity stolen – be it a stolen credit card or online fraud – you know the stress and panic that can come with trying to recover lost assets and prove that you are in fact you. Tax-related ID theft has recently become a bigger concern than ever. In fact, ID thieves have become so sophisticated that the IRS has recently had to temporarily shut down the tool they use to assist victims of ID theft, because ID thieves have discovered ways to hack into it. Fortunately, there are still steps you can take to protect yourself – or to recover your assets should you become the victim of tax identity theft. 

Nobody likes paying taxes, but just like eating our veggies, it’s a necessity and something we all grow used to in time. While the regular ins and outs of tax season may be somewhat stressful, an unexpected letter from the IRS can be panic-inducing. Fortunately, there’s no need to panic! The vast majority of IRS notices are easily resolved with a quick response and, as always, we’re here to help. Here are a few tips for the next time you receive that unexpected envelope from your buddies at the IRS. 

College Tax Credits for 2015 and Years Ahead

Ah, school days. With each new school year comes new excitement (or perhaps butterflies) for students, and new expenses for Mom and Dad. With this school year off to a great start, now is the best time to check if you or your kids qualify for either of two college tax credits or other education-related tax benefits to help your family save when it comes time to file those 2015 federal income tax returns. Here’s the low-down.

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