Welcome to Don Brooks & Associates Online Office

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Explore our Online Office. There are many different ways to use the services here. You can:

  • Learn about the services we offer.
  • Stay Alert to tax and accounting news.
  • Link to a variety of news and other helpful sites.
  • Take Advantage of numerous tax tips.

Please browse the pages of this site and feel free to e-mail any questions, suggestions or other feedback. This web site is meant to be an extension of services provided to you.

Visit often as additional news and helpful information will be continually added in an effort to serve you better.

 

Announcements

How to Receive our Monthly Newsletter

Do you like our "Weekly Tax Tips" would you like to receive our monthly e-mail newsletter distributed on the first Friday of each month. The newsletter covers a broad array of tax and financial information.

You can do so by sending your This email address is being protected from spambots. You need JavaScript enabled to view it. this information will never be sold or distributed in any way.

Welcome to Our Client Portal

Starting October 1st, 2012, our clients can now log into to our secure client portal.

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News

New YouTube Video Discusses Taxpayer Bill of Rights

WASHINGTON ― The Internal Revenue Service today released a new YouTube video encouraging taxpayers to learn about the Taxpayer Bill of Rights.

The video, featuring IRS Commissioner John Koskinen, provides information to taxpayers about their rights under the nation’s tax laws.

“I’m pleased that we now have a Taxpayer Bill of Rights, which lays out in plain language 10 fundamental rights included in our tax code,”

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IRS Repeats Warning about Phone Scams

WASHINGTON — The Internal Revenue Service and the Treasury Inspector General for Tax Administration continue to hear from taxpayers who have received unsolicited calls from individuals demanding payment while fraudulently claiming to be from the IRS.

Based on the 90,000 complaints that TIGTA has received through its telephone hotline, to date, TIGTA has identified approximately 1,100 victims who have lost an estimated $5 million from these scams. 

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More than 150,000 Individuals Pay Their Taxes with IRS Direct Pay

Washington — The Internal Revenue Service announced the successful start of its new web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration.

“IRS Direct Pay reflects our latest effort to add more online tools to provide additional service options to help taxpayers,” said IRS Commissioner John Koskinen.

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With 131 Million Returns Filed, Millions of Amended Returns Expected

WASHINGTON — As of April 18, almost 46 million returns were e-filed from home computers, more than the total from home computers for all of 2013. The IRS has received more than 131 million returns, of which 88 percent were e-filed.

The IRS also projects that almost 5 million taxpayers will amend their returns by filing http://www.irs.gov/uac/Form-1040X,-Amended-U.S.-Individual-Income-Tax-Return">Form 1040X during 2014. Taxpayers who need to amend their returns should file this form only after filing the original return. Generally, for a credit or refund, taxpayers must file Form 1040X within 3 years,

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IRS Warns of New Email Phishing Scheme Falsely Claiming to be from the Taxpayer Advocate Service

WASHINGTON —The Internal Revenue Service today warned consumers to be on the lookout for a new email phishing scam. The emails appear to be from the IRS Taxpayer Advocate Service and include a bogus case number.‬

The fake emails may include the following message: “Your reported 2013 income is flagged for review due to a document processing error. Your case has been forwarded to the Taxpayer Advocate Service for resolution assistance. To avoid delays processing your 2013 filing contact the Taxpayer Advocate Service for resolution assistance.”‬

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Tax Tips Small Business

Starting Your Own Business?

Here are a few quick tips to help you reduce taxes

Open a separate business checking account. Many small business owners don't realize the complications that can arise from using their personal checking account to pay for business expenses. If business expenses are mixed in with personal expenses, the IRS may disallow them.

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Small Business Quick Tip

Business Credit Card

Use your credit card to buy equipment and supplies that you will need in the upcoming year. Charges on your credit card for deductible business expenses are allowed in the year you make the purchase, not in the year the charge is paid. Pay off your credit card after the beginning of the year and avoid finance charges.
Monday, 22nd September 2014
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Weekly Tax Tip

  • Is this long standing tax advantaged education saving account worth the hassle? Perhaps. Here are some things to consider.

  • In the past if the IRS thought your lifestyle could not be supported by the income reported on your tax return, they could audit you. Is this practice now a thing of the past?

Tax Tips Personal

Let the Sun Shine

Certain solar-powered improvements are eligible for a tax credit

You are allowed a credit for 30 percent of certain expenditures that increase the energy efficiency of your personal residence. Costs eligible for the credit include qualified solar electric property expenditures, qualified solar water heating property expenditures, and qualified fuel cell property expenditures. The credit is available for residential energy-efficient property placed in service in 2006, 2007, and 2008. There is no requirement that property be new to qualify. Read more...

Personal Quick Tip

Sales Tax Deduction

The optional sales tax deduction has been extended for the 2013 tax year. This means you can elect to deduct your state sales tax in lieu of your state income tax when you itemize deductions.