BEWARE…. There is an ongoing problem with people calling claiming to be with the IRS. The IRS will: Never initiate contact with taxpayers by e-mail to request personal or financial information. This includes any type of electronic communication, such as…
Farm children under the age of 18 working in mom or dad’s farm operation provide tax opportunities that often get overlooked. Schedule F farmers (sole-proprietors) can pay reasonable wages to their children (for farm work) and reap large family tax…
Who are QuickBooks ProAdvisors you ask? ProAdvisors are individuals who have been certified by Intuit to know the various QuickBooks products. Here at BakerStarrett, we have countless QuickBooks ProAdvisors with expertise ranging from desktop to online to enterprise. We are…
Hiring a nanny can have a positive impact on your life, but you also need to keep in mind that it will have an impact on your finances, as well. You will be expected to pay a mix of taxes…
A great place to start is mom’s CPA or accountant. “Why?” you may ask? CPA’s can be incredible assets in establishing mom’s estate identity and titling assets correctly after death. Applying for an Employer Identification Number (EIN) from the IRS…