Wassman CPA Services LLC

Actively Accounting for Your Growth

  • Home
  • Accounting Services
    • Tax Preparation
    • Compilations, Reviews, Audits
    • Bookkeeping Services
    • Active Accounting
    • Where do you fit?
  • About
    • The Active Accounting Blog
    • Reviews & Comments
  • Get in Touch
  • Location

IRS Notices

February 24, 2017 By Wassman

Receiving anything from the IRS can bring on significant stress and can cause you to panic. It’s easy to feel anxious and not know how to react when the situation presents itself. We’re here to remind you to not panic and provide helpful information on what to do if you happen to be one of the millions that receives a letter or a notice this year. First it is important to remember that the IRS doesn’t contact taxpayers by email or phone and will not threaten with lawsuits or other … [Read more...]

Filed Under: blog, Tax Forms, Tax Preparation

Standard or Itemized Deductions?

September 2, 2015 By Wassman

Are you trying to determine if you should use the standard or itemized deductions? I've been asked by several people "At what point do I start itemizing my deductions?" In some cases people believe it has to do with marriage or age that determines which option you should use. In actuality the determination is by how much it will save you on taxes. Typically an individual or married couple only itemize if they own their personal residence and have a mortgage against it; however, there are a … [Read more...]

Filed Under: blog, Tax Forms, Tax Preparation Tagged With: deductions, itemized deductions, tax deductions, taxes

Organize Your Tax Information

February 3, 2015 By Wassman

The way you organize your tax information can be extremely beneficial. It helps your tax preparer, makes the whole process run more quickly, and can mean you receive your return sooner. Keep in mind some of the items listed below may not affect you or your tax return, however if you see something that you have, but has not been a part of your tax return in the past, you should discuss it with your preparer. If you receive an organizer from your preparer make sure to sign the engagement … [Read more...]

Filed Under: blog, Tax Forms, Tax Preparation, Taxes

Tax Forms to Gather Now

January 25, 2015 By Wassman

It's time to get to work collecting tax forms!  As you know your accountant will be needing all the information coming in the mail saying "tax documentation." There are the basic tax forms the W-2s for employees, 1099s for those that are or have been self employed during the year, 1099s or K-1s for investment income, and 1098s for mortgage interest. In addition to those tax forms don't forget your personal property and real estate tax receipts these are used to help you get more deductions. … [Read more...]

Filed Under: blog, Tax Forms, Tax Preparation, Taxes

W-2 Forms Need to be Filed in January

January 21, 2015 By Wassman

As a business owner there are tax forms you need to be concerned with getting prepared and to recipients by the end of January. The forms that affect most business owners are: 1. W-2 forms for your employees. 2. 1099-Misc - these forms go to people or companies that you paid for services or rent in the amount of $600 or more. If the businesses are incorporated you do not need to send them. Keep in mind that an LLC does not mean the company is incorporated. You should ask each person or … [Read more...]

Filed Under: blog, Services, Tax Forms, Tax Preparation, Taxes

Search

Make an Appointment

Office: 573-818-7799
Mobile: 573-881-4323

Connect

  • Email
  • Facebook
  • LinkedIn

Newsletter

Sign up now for meaningful information and to get the inside track on tax-related updates for your industry. You will never receive spam from us!

RSS The Active Accounting Blog

  • Open House Today!

What’s The Wassman Way ™?

Wassman Way

Where do you fit?

• Startups
• Established Business
• Professional Services
• Individual or Family
Look to me for active accounting

Find Us

  • Get in Touch
  • Location

About

  • Accounting Services
  • Robin Wassman
  • Privacy Policy

MSCPA

QuickBooks Certified ProAdvisor

Resources

What tax deadlines are coming up?

Where is my Federal Refund?

Where is my Missouri Refund?

Copyright © 2019 Wassman CPA Services LLC · 2501 W Ash Street Suite A · Columbia, MO 65203 · Website by Create On Call LLC