How the IRS resolves an identity theft case
The IRS has responded to criticism from the Treasury Inspector
General for Tax Administration and the National Taxpayer Advocate,
among others, that resolution of identity theft accounts takes too
Liability for the "nanny" tax
Employers of course have to pay employment taxes on the wages they
pay to their employees. A nanny who takes care of a child is
considered a household employee, and the parent or other
FAQ: What is the saver's credit?
Under Code Sec. 25B, a low-income taxpayer can claim a tax credit
for a portion of the amounts contributed to an individual
retirement account, 401(k) plan, or other retirement plan. A credit
How do I? File an amended return
A taxpayer who discovers an error after filing his or her income
tax return may need to file an amended return. A change in filing
status, income, deductions, or credits would require an amended
June 2015 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important federal tax reporting and filing data for
FAQ: The "nanny - housekeeper" tax
Q. My husband and I have a housekeeper come in to clean once a
week; and someone watches our children for about 10 hours over the
course of each week to free up our time for chores. Are there any
How do I? Compute my net worth
How much am I really worth? This is a question that has run through
most of our minds at one time or another. However, if you aren't an
accountant or mathematician, it may seem like an impossible numb...
Welcome to Gallagher & Associates CPAs, PLC and thank you for visiting our Website. In addition to providing you with a profile of our firm and the services we provide, this Website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.
As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).
While browsing through our Website, please feel free to contact us with any questions or comments you may have - we'd love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.
Michelle F. Gallagher, CPA/ABV/CFF
Gallagher & Associates CPAs, PLC * Certified Public Accountants
Accounting, Tax, Business Valuation, Expert Witness & Forensic Accounting Services.