James F. Kelleher III, CPA

04/25/2020

We have all spent so much time and energy applying for PPP loans but what about the loan forgivness? Is this loan right for all businesses?

12/22/2015

The Internal Revenue Service will begin accepting individual tax returns on Tuesday, Jan. 19, 2016, it announced today.

12/17/2015

The former tax preparer for Mike The Situation Sorrentino, one of the stars of the MTV reality TV series Jersey Shore, and his brother, Marc Sorrentino, pleaded guilty Wednesday to filing fraudulent tax returns on their behalf.

12/17/2015

Congressional leaders unveiled a wide-ranging deal on tax extenders, making some items permanent.

10/20/2015

Like it or not the world has become a very small place. Agree with the IRS or not it has become imperative to stay compliant with your taxes. There is no where in the world that you can hide. As a US citizen you are taxed on your worldwide income not just income generated in the United States.

The Internal Revenue Service said Friday it has collected more than $8 billion from its Offshore Voluntary Disclosure Programs as more than 54,000 taxpayers have come forward to tell the IRS about previously hidden foreign assets.

10/07/2015

...The IRS says 2016 could be even worse. By CPA Trendlines The 2015 filing season was akin to a Tale of Two Cities, according to the IRS's own watchdog. "For the majority of taxpayers who filed their returns and did … Continued

02/06/2015

Intuit the maker of Turbo Tax and many other software continues to shoot itself in the foot.

The tax software giant, TurboTax, has temporarily put the brakes on transmitting state tax returns in all states following increased reports of fraudulent activity.

09/24/2012

Are people aware that you might lose the benefit of lower capital gains tax rates after this election? This could be a significant tax burden to some taxpayers.

09/24/2012

http://www.accountingtoday.com/news/congress-considers-changing-tax-treatment-capital-gains-64040-1.html?ET=webcpa:e6097:244514a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_092112

Congress s two tax-writing committees, the House Ways and Means Committee and the Senate Finance Committee, held a joint hearing Thursday to discuss capital gains taxes and how they might be reformed.

02/02/2012

To all my Facebook friends during this tax season, if any one is looking for an accountant or knows of someone who is, I just wanted to remind you that I'm taking on new clients and have many services to offer.