FEATURED ARTICLES & TAX TIP BLOG

Welcome to the KM&M CPAs Featured Articles & Tips Blog. Here we share tax and accounting news and tips for our clients on a regular basis. Please feel free to suggest ideas for topics you would like to see addressed, by dropping an email to kmm@kmmcpas.com. Enjoy the articles and subscribe to our newsletter for periodic email updates.

The IRS is cleaning up its act. And cranking up collections.

The IRS is cleaning up its act. And cranking up collections.

From Barron’s – By Karen Hube As the 2023 tax-filing season kicks off, some taxpayers will find fewer hassles in dealing with the Internal Revenue Service compared with recent years, but most should keep a couple aspirin on hand—expect long waits and a stricter stance...

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Welcome to Identity Theft Awareness Week 2024

Welcome to Identity Theft Awareness Week 2024

From the Federal Trade Commission — By Colleen Tressler —   You’ve probably heard about identity theft, but have you heard about Identity Theft Awareness week? That’s when the FTC and its partners host free podcasts, webinars, Facebook Live interviews, and other...

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The hidden consequences of not filing your taxes

The hidden consequences of not filing your taxes

From Forbes — By Jessica Ledingham, J.D., LL.M. —    As tax season opens, millions of Americans are experiencing anxiety. The dreaded fear of owing money to Uncle Sam can be overwhelming, leading some to delay or completely disregard filing their taxes. You might...

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Watch out for this rude surprise from Medicare

Watch out for this rude surprise from Medicare

From Barron’s — By Elizabeth O’Brien —   Planning for your Medicare premiums isn’t on most preretirement checklists, but it’s an important consideration for those with higher incomes. Your Medicare premium for a given year is based on your income from two years...

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‘BOI’ reporting requirement for businesses has arrived

‘BOI’ reporting requirement for businesses has arrived

Dear Clients, Starting Jan. 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act ("CTA”). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of...

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