Category Archives: General

01.25 2016

2016 Tax Season

January starts a new year and a new tax season. In the next month, you’ll receive an array of IRS forms reminding you that it’s time to file. The deadline this year is Monday, April 18, 2016, but once you’ve received all your forms it’s never too early to file. For standard filers, here’s what you might expect to get in the mail:

  • Form W-2 from your current or past employers.
  • Form 1099-INT or 1099-DIV from any financial institutions from whom you earn interest.
  • Contractors will receive form 1099-MISC with total miscellaneous income earned.
  • Homeowners will receive form 1098 with total mortgage interest payments.
  • Students will receive form 1098-T with total tuition paid; students with loans will receive form 1098-E with total interest paid on student loans.

If you’re a small business owner, you’ll need to provide your tax preparer with a profit and loss statement so that they can complete a Schedule C.

Give us a call or talk to your preparer for a complete list of forms needed to complete your return.

11.30 2015

Moving to Ballard

Boat DockOn December 11th, we will say goodbye to our office on Dexter and move to Ballard! We will be closed on Friday the 11th for the move – computers and phones will be down. Our new address is:

4055 21st Ave W, Suite 202
Seattle, WA 98199

We look forward to some new amenities in Ballard, including lots of yummy lunch options, new neighbors, and great coffee shops. Come visit us in the new year to see our new place!

10.25 2015

Talk to the IRS

Responding to a notice from the IRS can be a daunting task. Sometimes it’s hard to figure out why you’re being contacted, how to respond, what information the IRS needs, and/or whether or not we can refute any charges. Often times we are provided with a lot of information about what will happen if we don’t respond properly, but very little guidance on how our response should be presented. Here are some tips to ensure that your communication with the IRS is well received, and your issue can be resolved quickly.

Understand Your Notice
Read your notice and read it again. Make sure you fully understand what the IRS is telling you before you respond. If you are still unsure, you have options. Contact an accounting or tax professional to help you understand your notice, or call the IRS to clarify.

Call or Write?
Getting through to the IRS via phone can take time, but is helpful if you have questions about your notice. Calling can expedite your response process, as you can confirm with a representative exactly what the IRS is looking for, how you should respond, and if you have options. Have your identification information and questions ready before you call. Make sure you get off the phone knowing exactly what the next steps are.

Remember Who You’re Talking To
When you contact the IRS remember that you are talking to a regular person, not an entire government agency. Always be professional and respectful, but don’t be afraid to ask questions. They also want to resolve your issue as quickly and efficiently as possible.

Provide Relevant Information
When you’re ready to send your formal response, in writing, make sure you provide the following information to ensure your response is easily identifiable:

  1. Your name and/or business name (as written on your original notice) and tax ID.
  2. Reference number as written on the IRS notice you are responding to.
  3. Identify the issue and period the notice refers to. For example: Quarter 4 2014 Payroll Tax Deposits, or 2013 Form 940, or 2014 Form 1040, etc.
  4. Correct contact information. Include the individual’s name as written on the notice and correct phone and email. A Power of Attorney form must be completed for any other individual to communicate with the IRS on your behalf.
  5. A copy of the original notice.
  6. Enclose any relevant or requested documentation.
09.13 2015

Good Bar Makes Best of West

Good Bar SeattleGood Bar has been nominated for King 5 New’s Best of Western Washington awards for 2015. They’re on the roster for Best Trendy Bar and Best Cocktails. Winners are determined by the public, and voting is open through October 23rd, so if you agree, get online and give them your vote!

If you haven’t heard yet, Good Bar is one of Seattle’s newest watering holes located in Pioneer Square, and one of our newest clients. Good Bar is known for serving up classic cocktails and quality food while providing a great neighborhood feel. Owners Josh and Nancy are amazing to work with!