Burns Firm

Which form should you use to file your federal income taxes? Today, most people use a computer or CPA firm to prepare federal income tax forms. But if you decide [...]

The Internal Revenue Service requires employers to get their employees their earnings information by the end of each January. But if your Form W-2 never arrives, you can create your [...]

In an increasingly common scam, identity thieves use victims’ personal information to file fraudulent tax returns electronically and claim bogus refunds. When the real taxpayers file their returns, they’re notified [...]

January 28, 2014   Suggestions courtesy of IRS.gov Do you need to file a federal tax return this year? Perhaps. The amount of your income, filing status, age and other factors [...]

Under the Affordable Care Act (ACA), beginning in 2013, taxpayers with FICA wages over $200,000 per year ($250,000 for joint filers and $125,000 for married filing separately) had to pay [...]

Fresh Start for Struggling Taxpayers Courtesy of irs.gov In many cases, those struggling to pay taxes qualify for one of several relief programs. Most people can set up a payment [...]

Courtesy of and By Michael Cohn                               Washington, D.C. (January 20, 2014)   The Internal Revenue Service has released a set of proposed regulations to prevent abuses of the partnership basis [...]

Now that we’re in the new year, it’s time for an estate plan checkup. Why? First, various exclusion, exemption and deduction amounts are adjusted for inflation and can change from [...]

Many valuable tax breaks expired at the end of 2013. But Congress probably will revive at least some of them, likely retroactively to Jan. 1, 2014. The question is exactly [...]

Make note of the following federal income tax changes that took effect in 2013. Higher tax rates for upper-income individuals Itemized deduction phase-out rule for upper-income individuals New 3.8 percent [...]

Courtesy of IRS.gov Every year the Internal Revenue Service sends millions of letters and notices to taxpayers, but that doesn’t mean you need to worry. Here are eight things every [...]

Jason Rodrigue and Denis Burns take a spin around DFW to celebrate the New Year!

With the new year upon us, it’s time to start thinking about 2014 retirement plan contributions. Contributing the maximum you’re allowed to an employer-sponsored defined contribution plan is likely a [...]

Story courtesy of: Jane Young, Credit.com Lots of questions remain after a spouse dies, including what happens to Social Security. Make sure you know what to do. As a Certified [...]

Every December are your employees scrambling to use up their vacation time because of limits on what they can roll over to the new year? Or do you allow rollovers [...]