Blog
Submitted by Durbin Bennett Tax Advisors on November 21st, 2016
It seems remarkable that more than one in seven drivers in the United States is uninsured. But with the slumping economy, that number is expected to increase. And that doesn’t account for the millions more who can only afford to buy the minimum liability coverage that is required by state law.
Submitted by Durbin Bennett Tax Advisors on May 18th, 2016
As our lives become more intertwined with the Internet it may be only a matter of time before all of our important data is stored in this vast “cloud” of bits and bytes. Most people are well on their way with online banking and bill paying, e-tax filing, email, document storage vaults, Social Security information, and soon we will be making payments using our smart phones.&nbs
Submitted by Durbin Bennett Tax Advisors on May 16th, 2016
See more at:
http://www.journalofaccountancy.com/issues/2016/may/irs-ip-p
Please take time to read the article by By Stephen W. Hammel, J.D., and Sebastian B. Murolo, CPA at the above link regarding protecting you and your client's identity.
Submitted by Durbin Bennett Tax Advisors on May 16th, 2016
There can never be enough law enforcement to protect everyone from those who are intent on perpetrating scams or frauds. At any one time, there are thousands of operators posing as legitimate businesses or investors offering the deal of a lifetime, and they are connecting with tens of millions of people each day on the phone, over the Internet and through the mail.
Submitted by Durbin Bennett Tax Advisors on April 27th, 2016
One of the best illustrated instances of indecision occurs in the story of Alice in Wonderland in which Alice comes to a fork in the road and must choose a path to continue her journey. She seeks the advice of grinning Cheshire cat which appears out of nowhere.
Submitted by Durbin Bennett Tax Advisors on April 14th, 2016
The Internal Revenue Service just issued a warning that scammers may try using the April 18 tax deadline to prey on hard-working taxpayers by impersonating the IRS and others with fake phone calls and emails.
Submitted by Durbin Bennett Tax Advisors on March 30th, 2016
Most people think estate planning is only for wealthy people. Certainly, the 55% of Americans who died without a will thought so, even though all of their estates ended up in probate court subject to the laws of the state. Sadly, the surviving families were thrust into a situation that resulted in unnecessary distress, expense and, for many of them, devastating financial consequence
Submitted by Durbin Bennett Tax Advisors on March 28th, 2016
The quick answer is “it depends.” But, for the 33 percent of retirees who now rely more heavily on their Social Security benefits to sustain their lifestyle, the answer takes on even more significance. Generally, your income from Social Security is not taxable on its own; but when it’s combined with other sources of income for tax reporting purposes, a porti
Submitted by Durbin Bennett Tax Advisors on March 22nd, 2016
Most people of conscience, especially those who have done well for themselves, want to use their resources to do some good in the world.
Submitted by Durbin Bennett Tax Advisors on March 22nd, 2016
Most people think estate planning is only for wealthy people. Certainly, the 55% of Americans who died without a will thought so, even though all of their estates ended up in probate court subject to the laws of the state. Sadly, the surviving families were thrust into a situation that resulted in unnecessary distress, expense and, for many of them, devastating financial consequence