FerrettiCPA

09/18/2023

"....The IMMEDIATE moratorium ... until the end of the year... tax professionals...inundated by requests by clients for help...claiming the ERC or...the IRS disallowing
"...substantial portion of... claims...are ineligible...putting businesses at ...risk...pressured and SCAMMED by aggressive promoters..."

The immediate moratorium will be in effect until the end of the year.

10/27/2022

CAUTION - if you are Paying someone to prepare your Employee Retention Credit application? IRS is finding a lot of abuse.

These third parties often charge large upfront fees or a fee that is contingent on the amount of the refund and may not inform taxpayers that ...

05/25/2022

No matter how long you sleep, it won't go away.

Cartoon library, fully catalogued and searchable, instant downloads.

07/12/2019

Amazon.com Prime Day is this coming Monday and Tuesday - July 15 & 16! But, did you know they didn't pay federal income taxes in 2018?

Read the below article and let us know your thoughts.

07/10/2019

Do you have an expiring Individual Taxpayer Identification Number (ITIN)? "Failing to renew an ITIN by the end of the year may cause refund and processing delays in 2020."

Contact our office if you are unsure if your ITIN is expiring or if you need help renewing!

The Internal Revenue Service (IRS) is reminding taxpayers with an expiring Individual Taxpayer Identification Number (ITIN) to submit renewal applications. Failing to renew an ITIN by the end of the year will cause refund and processing delays next year.

07/08/2019

Have you moved recently? Do you check your mail consistently? Remember that the IRS contacts you through the mail - be sure to keep an eye on your mailbox!

"I can tell from the letters piling up on my desk: it’s officially correspondence season! Correspondence season is the term that tax professionals use to describe the period after tax season officially ends."

Many taxpayers think that the Internal Revenue Service (IRS) takes a break just after tax season, but that's not the case. Here's how to understand those bills and notices that are just now showing up in your mailbox.

07/07/2019

It may be summertime but that doesn’t mean that scammers are taking a vacation. The Internal Revenue Service (IRS) is encouraging taxpayers to be on the lookout for a “surge of evolving phishing emails and telephone scams" including two new variations on existing, long-running tax-related scams.

06/28/2019

Have you always wished you could win the jackpot? You may not actually walk away with much - but the IRS will.

"And while the odds are stacked against players snagging the bonanza in either game, the IRS is always a guaranteed eventual winner."

If you went with the cash option — most winners do — the IRS would withhold tens of millions of dollars before the windfall reaches you.

06/26/2019

Do you file taxes with TurboTax, use the budgeting app Mint, or run a small business with QuickBooks? If so, Intuit — the parent company of all of these services — knows as much about you as your bank does, if not more. Be sure to read this article to know where your privacy stands!

Intuit announced Tuesday that it would buy analytics company Origami Logic, which will give it even more customer data.