D.E. Rodrigues & Company Accounting Blog

April 2017

A reminder to those with Foreign Assets or Accounts.

Written by April 21, 2017

The Internal Revenue Service reminds U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2016, that they may have a U.S. tax liability and a filing requirement. Federal law requires U.S. citizens and resident aliens to report any worldwide income, including income from foreign trusts and foreign bank...

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Some tax-smart ideas for your tax refund

Written by April 15, 2017

Are you looking forward to your tax refund? By now you know how much you’ll be getting and approximately when the cash will land in your bank account. The only question is, what’s the best way to put the money to work for you? Here are some tax-smart ideas.   Fund your IRA. Depending on your income, making a contribution...

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Last chance to claim a 2013 refund

Written by April 11, 2017

  Did you know that if you have a return over three years old on an unfiled return, it is lost forever? According to the IRS, nearly one million taxpayers who failed to file a return for 2013 are in danger of losing refunds. Tax law provides a three-year period to claim a refund when no return is filed. That...

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Is an automatic tax filing extension the right move for you?

Written by April 5, 2017

Can’t finish your federal income tax return by the April 18 deadline? There’s still time to get an automatic six-month extension. There are four ways to obtain an extension: File a paper copy of Form 4868 with the IRS and enclose your payment of estimated tax due. File for an extension electronically using the IRS e-file system on your computer....

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What to Look for in a CPA

Written by April 4, 2017

When choosing a CPA it is important to determine the qualifications of the CPA. Check their most current peer review and ask if they had any findings. Assess their attitude when asking certain questions regarding their background and qualifications. Are they proud to discuss the matter, do they downplay or minimize the answer, or are they defensive? I personally feel...

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Have a Springtime Tax Review!

Written by April 1, 2017

Now that it’s springtime, peoples’ thoughts usually turn to the ‘porking’ they got this year by Uncle Sam and I’d ask you this: Do you or your contacts feel –- As if you have to apologize to your advisor because you want to understand some basic aspects of your return. or Like you’re in an endless cycle of paying taxes...

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