Our Policies & Procedures
There has been a great deal about clients and friends getting phone calls from very official sounding people claiming they are the IRS. Beware that potential phone scam victims are told that they owe money that must be paid immediately to the IRS or they are entitled to big refunds. When unsuccessful the first time,…
Read MoreIt has been a good long while. Our intentions were good but the blogging just wasn’t happening. Now, we have decided to turn a new leaf! The MHR CPA blog is back. To start off our new-found exuberance, let me just say that I will be searching the internet (as well as old-fashioned print magazines)…
Read MoreWe love a blog by Diane Kennedy at USAtaxaid.com and she has a prediction of what is going to happen January 2012. The Internet will be clogged with “How do I do this?” type of questions about the new Form 1099 rules. And the answer will be, “You’re too late. Look for the penalty notice…
Read MoreGood financial records have never been more important It has never been more important that you make sure you have current and accurate financial statements and make sure you’re working with a professional who knows how to read them. The IRS is doubling its audit staff in an effort to raise money. The absolute best…
Read MoreIRS Targets Schedule C Filers The Internal Revenue Service plans to check for unfiled tax returns and look for unreported income from sole proprietors of small businesses during correspondence audits. At WebCPA, their recent article details the recent change. New legislation Obama recently signed states that auditing staff of the IRS is tripling! For all…
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