tax season - Herman & Co. CPA

Should you itemize this tax season? Some important things to keep in mind for 2020.

Should you itemize this tax season? That is a common question for many taxpayers this season. Are you holding off seeing an accountant because you aren’t sure whether or not you will need to itemize? I’m sorry to tell you, the only way you’ll truly know whether or not you should itemize is to ask…

Ensuring Your Year-End Donations Are Tax-Deductible

Many people make donations at the end of the year. To be deductible on your 2017 return, a charitable donation must be made by December 31, 2017. According to the IRS, a donation generally is “made” at the time of its “unconditional delivery.” But what does this mean?

Tax bill too big to pay all at once? Sign up for an IRS payment plan

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate Do you owe the IRS money this year? You have several options for paying your tax online. But if you can’t pay it all at once, the IRS gives you…

10 Key Tax Terms To Help You Cut Through The Jargon

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate The tax field has its own lingo, which adds to the complexity of the tax filing task. But don’t despair. Knowing these 10 key tax terms can help you…

Do you have to file taxes? The answer depends on your age, income and filing status

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate Some people don’t need to file taxes every year, but this reprieve from tax duties generally applies to those whose earnings don’t meet certain thresholds. You must consider…

The 10 best tips to prepare for the 2017 tax season

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! It’s hard to believe the 2017 tax season is already here, and you’ll be getting the information you need to settle up your 2016 tax return with Uncle Sam. Take advantage…

Congressman shares tax ID theft story

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate No one is safe from tax identity theft, not even the lawmakers who help write the country’s tax laws. Another member of the House Ways and Means Committee has…

Beware the 2016 Dirty Dozen tax scams

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate It’s not just the Internal Revenue Service that’s trying to get hold of your money. Crooks also are out in force during tax filing season. These unofficial would-be collectors of your…

IRS warns again about phone tax scams

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate Benjamin Franklin famously said that the only constants in life are taxes and death. In today’s world, that saying has morphed into “the only constants in life are taxes and tax…

Most taxpayers want paid preparers licensed

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate Is a tax preparer helping you file your taxes this year? If so, are you comfortable with that person’s abilities? Apparently, most of us are at least a bit concerned about…