Karen A. Hahn CPA, CVA, MST

BEWARE! IRS Issues Urgent Warning to Beware IRS/FBI-Themed Ransomware Scam Please visit the IRS page (link below) to find out how to protect yourself from this scam! https://www.irs.gov//irs-issues-urgent-warning-to-beware-i

IRS Summertime tip! Summer is a time for fun, travel and also some things that may impact your withholding... New Job Life Events such as Marital status, birth of a child, new home.... Estimated Tax - Expecting to owe more that $1,000 If you have or are experiencing any of these you should follow the link below to read the rest of this helpful information. https://www.irs.gov//check-withholding-now-to-avoid-surpri

Are you in the Military full time or a Reservist? First of all let us say, Thank you for your service! Secondly, The IRS says "Thank you" by letting you exclude Combat Pay, giving you a tax deadline extension when meeting certain requirements and special deductions!... Read more by going to the below article found at IRS.GOV. https://www.irs.gov//members-of-the-armed-forces-get-speci

It's that time again! Have you scheduled your appointment? Call our office today! 408-263-8888 https://www.irs.gov//irs-kicks-off-2019-tax-filing-season-

Help spread the word to those who may not have access to Facebook or other social media and news! https://www.irs.gov//low-income-housing-units-nationwide-m

BEWARE! IRS Issues Urgent Warning to Beware IRS/FBI-Themed Ransomware Scam Please visit the IRS page (link below) to find out how to protect yourself from this scam! https://www.irs.gov//irs-issues-urgent-warning-to-beware-i

IRS Summertime tip! Summer is a time for fun, travel and also some things that may impact your withholding... New Job Life Events such as Marital status, birth of a child, new home.... Estimated Tax - Expecting to owe more that $1,000 If you have or are experiencing any of these you should follow the link below to read the rest of this helpful information. https://www.irs.gov//check-withholding-now-to-avoid-surpri

Are you in the Military full time or a Reservist? First of all let us say, Thank you for your service! Secondly, The IRS says "Thank you" by letting you exclude Combat Pay, giving you a tax deadline extension when meeting certain requirements and special deductions!... Read more by going to the below article found at IRS.GOV. https://www.irs.gov//members-of-the-armed-forces-get-speci

Did you know you can reduce certain summertime costs with the Child and Dependent Care Tax Credit?! https://www.irs.gov/taxtopics/tc602.html Many parents send their children to summer day camps while they work or look for work. The IRS urges those who do to save their paperwork for the Child and Dependent Care Tax Credit. Eligible taxpayers may be able claim it on their taxes in 2018 if they paid for day camp or for someone to care for a child, dependent or spouse during 2017.... Key facts you should know about this credit: 1. Qualifying Person. The care must have been for qualifying persons. A qualifying person can be a child under age 13. A qualifying person can also be a spouse or dependent who lived with the taxpayer for more than half the year and is physically or mentally incapable of self-care. 2. Work-Related Expenses. The care must have been necessary so the taxpayer could work or look for work. For those who are married, the care also must have been necessary so a spouse could work or look for work. This rule does not apply if the spouse was disabled or a full-time student. 3. Earned Income. The taxpayer -- and their spouse if married filing jointly -- must have earned income for the tax year. Special rules apply to a spouse who is a student or disabled. 4. Credit Percentage/Expense Limits. The credit is worth between 20 and 35 percent of allowable expenses. The percentage depends on the income amount. Allowable expenses are limited to $3,000 for care of one qualifying person. The limit is $6,000 if the taxpayer paid for the care of two or more. 5. Care Provider Information. The name, address and taxpayer identification number of the care provider must be included on the return. The childcare provider cannot be the taxpayer’s spouse, dependent or the child's parent. 6. IRS Interactive Tax Assistant tool. Use Am I Eligible to Claim the Child and Dependent Care Credit? tool on IRS.gov to help determine if eligible to claim the credit. 7. Dependent Care Benefits. Special rules apply for people who get dependent care benefits from their employer. See Form 2441, Child and Dependent Care Expenses, has more on these rules. File the form with a tax return. 8. Special Circumstances. Since every family is different, the IRS has a series of exceptions to the rules in the qualification process. These exceptions allow a greater number of families to take advantage of the credit. For more information, see IRS Publication 503, Child and Dependent Care Expenses. Even if the childcare provider is a sitter in the home, taxpayers may qualify for the credit. Taxpayers who pay someone to come to their home and care for their dependent or spouse may be a household employer. They may have to withhold and pay Social Security and Medicare tax and pay federal unemployment tax. Find more on that in IRS Publication 926, Household Employer's Tax Guide.

Are you an individual or Business who has received an IRS letter or notice??? Our office may be able to help! Weather it is a current or prior year additional information request, or tax resolution, call or email us with your concerns. For additional information follow the link below to read the 8 tips the IRS provides to best handle a letter or notice. https://www.irs.gov//tips-on-how-to-handle-an-irs-letter-o

NEW IRS WARNING...Scams posing as an internal executive from your organization!!! Protect yourself by reading this article at the IRS website. https://www.irs.gov//form-w2-ssn-data-theft-information-fo

FYIStarting in March, the IRS will be implementing the passport suspension for delinquent taxpayers who owe more than $50k to the IRS. The article attached gives some of the details, but the basics are as follows: 1- If you owe over $50k and have had a levy filed your passport will be revoked or suspended. You will not be able to get a new passport or renew yours until you are back in good standing with the IRS (on a payment plan or paid off). 2- Reducing your balance due ...to below $50k will not clear you from a potential suspension. (Although, getting your balance below $50k so you can apply for a streamline Installment Agreement will work.) 3- Starting in March, taxpayers who think that they may be subject to passport restrictions because of tax debt can call the National Passport Information Center at (877) 487-2778. http://www.taxprotoday.com//ten-things-you-need-to-know-ab

LATEST W-2 SCAM: COMPANIES NOW BEING ASKED TO WIRE MONEY In the latest twist, the cybercriminal follows up with an executive e-mail to the payroll or comptroller and asks that a wire transfer also be made to a certain account. Although not tax related, the wire transfer scam is being coupled with the W-2 scam email, and some companies have lost both employees’ W-2's and thousands of dollars due to wire transfers. Go here to read further details...... https://www.irs.gov//dangerous-w-2-phishing-scam-evolving- See more

The many talents of the employees at Karen A. Hahn CPA, CVA . TAXES ARE NOT THE ONLY THINGS WE KNOW HOW TO DO!!

From the staff of Karen A. Hahn CPA...CONGRATULATIONS Romon and Esmeralda!

It's that time...click on the link below to KNOW YOUR RIGHTS!!! https://www.irs.gov/taxpayer-bill-of-rights