How to disagree with an IRS audit report

posted by michaelgraycpa @ 8:29 AM
May 20, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell on Friday, May 22, is with William J. Mitchell, CPA. Our interview subject is “What to do when you disagree with an IRS audit report.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What should you do if you’re audited by the IRS?

posted by michaelgraycpa @ 8:48 AM
May 6, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell Friday, May 18 and repeated next Friday, May 15, is with William J. Mitchell, CPA. Our interview subject is “I’m being audited by the IRS! What should I do?” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What federal income tax developments should same sex couples know?

posted by michaelgraycpa @ 8:05 AM
April 29, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell Friday, May 1, is with Professor Patricia Cain of Santa Clara University School of Law. Our interview subject is “Tax developments for same sex couples.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What federal reporting is required for foreign assets?

posted by michaelgraycpa @ 8:22 AM
April 17, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell today Friday, April 17 and rebroadcast next Friday, April 24, is with CPA and attorney David Holward of Loomis & Co., CPAs, LLP. Our interview subject is “Foreign account reporting update.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

How can a business valuation specialist save your family taxes and trouble?

posted by michaelgraycpa @ 7:58 AM
April 1, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, April 3 and rebroadcast next Friday, April 10, is with James Brown, ASA, CFP(R) of Perisho, Tombor & Brown. Our interview subject is “The role of the business valuation specialist.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What should you know about selling a business?

posted by michaelgraycpa @ 7:26 AM
March 26, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, March 27, is with Greg Carpenter of BTI Mergers & Acquisitions. Our interview subject is “Selling a business.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What should you know about buying a business?

posted by michaelgraycpa @ 7:29 AM
March 18, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, March 20, is with Greg Carpenter of BTI Mergers & Acquisitions. Our interview subject is “Buying a business.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What should you know about corporate bankruptcy?

posted by michaelgraycpa @ 8:02 AM
March 11, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, March 13, is with Michael Malter, attorney at law of Binder & Malter, LLP. Our interview subject is “Corporate Bankruptcy.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

What should you know about personal bankruptcy?

posted by michaelgraycpa @ 8:29 AM
March 4, 2015

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Friday, March 6, is with Michael Malter, attorney at law of Binder & Malter, LLP. Our interview subject is “Personal Bankruptcy.” The interview will be broadcast at 9:30 p.m. Pacific Time on CreaTV, Comcast Channel 15 in San Jose and Campbell, and will be broadcast as streaming video at the same time at www.creatvsj.org. You can find broadcast times for other San Francisco Bay Area cities and past episodes at www.financialinsiderweekly.com.

Small employer Obamacare penalty relief

posted by michaelgraycpa @ 9:00 AM
February 25, 2015

Great news for small employers that reimbursed their employees for the cost of individual health coverage during 2014!

The IRS has announced it will waive the $100 per day, per employee penalty for violating rules under Health Care Reform under Internal Revenue Code Section 4980D in this situation. (IRS Notice 2015-17, February 18, 2015.) The penalty, which could be $36,500 per applicable employee is very onerous. Many tax return preparers will also be relieved that they won’t have to give this terrible news to their clients.

The employers that qualify for the waiver aren’t required to file IRS Form 8928 for 2014.

The relief doesn’t apply to “Applicable Large Employers.”

The IRS is providing this relief to give small employers time to either discontinue the practice of paying for individual medical insurance for their employees or putting a qualified group health plan in place. The waiver applies to payments up to June 30, 2015.