mayhimmer.com RSS Feed https://mayhimmer.com/ Take a look at our recent blog posts and client newsletter articles. en-us Wed, 01 Sep 2021 09:00:00 -0500 Wed, 01 Sep 2021 09:00:00 -0500 What Is a Designated Roth Account? https://www.mayhimmer.com/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.mayhimmer.com/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.mayhimmer.com/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.mayhimmer.com/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#1 Six Things To Know Before You Start a Business https://www.mayhimmer.com/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#3 Which Educator Expenses Are Tax Deductible? https://www.mayhimmer.com/newsletter.php#4 Teachers and other educators should remember that they can deduct certain unreimbursed expenses such as classroom supplies, training, and travel on their tax returns to reduce the amount of tax owed. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#4 Retirement Plan Options for Small Businesses https://www.mayhimmer.com/newsletter.php#5 Employer-sponsored retirement plans are a key component of retirement savings. If you're like many small business owners in the United States, you may be considering the various retirement plan options available for your company. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#5 Opting Out of the Monthly Child Tax Credit Payment https://www.mayhimmer.com/newsletter.php#2 While many families will benefit from the extra money deposited into their bank accounts, some may want to opt out and instead take the Child Tax Credit when they file their tax return next spring. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#2 Minimizing Capital Gains Tax on Sale of a Home https://www.mayhimmer.com/newsletter.php#3 Learn how to avoid capital gains tax and why home improvements that qualify for the residential energy property credit can make a difference when selling your home. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#3 Key Tax Changes Could Affect Your Tax Situation in 2021 https://www.mayhimmer.com/newsletter.php#1 Key tax provisions in the American Rescue Plan Act of 2021 could affect your tax situation. Here's what you need to know. Sun, 01 Aug 2021 09:00:00 -0500 https://www.mayhimmer.com/newsletter.php#1 Tax Extension https://mayhimmer.com/blog.php?id=54 Time to schedule your tax appointment -- if your 2018 tax return is on extension the due date will be here soon. Extended Individual returns are due by October 15. Tue, 09 Jul 2019 09:00:00 -0500 https://mayhimmer.com/blog.php?id=54 Hour Change https://mayhimmer.com/blog.php?id=53 Office hours beginning May 31, 2019 to December 31, 2019. Thu, 06 Jun 2019 09:00:00 -0500 https://mayhimmer.com/blog.php?id=53 Office Hours https://mayhimmer.com/blog.php?id=52 Office hours Mon-Thur. 8 - 6, Fri. 8 -4 and Sat. 9-3 Mon, 18 Feb 2019 09:00:00 -0600 https://mayhimmer.com/blog.php?id=52 Proposed Regulation Regarding Deductible Contributions https://mayhimmer.com/blog.php?id=50 Under the proposed regulations, a taxpayer who makes payments or transfers property to an entity eligible to receive tax deductible contributions must reduce their charitable deduction by the amount of any state or local tax credit the taxpayer receives or expects to receive. Mon, 27 Aug 2018 09:00:00 -0500 https://mayhimmer.com/blog.php?id=50 How to Know if the Knock on Your Door is Actually Someone from the IRS https://mayhimmer.com/blog.php?id=34 People can avoid taking the bait and falling victim to a scam by knowing how and when the IRS does contact a taxpayer in person. This can help someone determine whether an individual is truly an IRS employee. Thu, 26 Jul 2018 04:00:00 -0500 https://mayhimmer.com/blog.php?id=34 Child and Dependent Care Credit this Summer https://mayhimmer.com/blog.php?id=19 10 things to know about the Child and Dependent Care Credit. Thu, 21 Jun 2018 04:00:00 -0500 https://mayhimmer.com/blog.php?id=19 Tax Tips for Students Working this Summer https://mayhimmer.com/blog.php?id=49 Many students get summer jobs. It’s a great way to earn extra spending money or to save for later. Here are some tips for students with summer jobs Thu, 14 Jun 2018 04:00:00 -0500 https://mayhimmer.com/blog.php?id=49 What to Do if an IRS Letter Arrives in the Mail https://mayhimmer.com/blog.php?id=48 Nine suggestions on how best to handle a letter or notice from the IRS. Thu, 10 May 2018 04:00:00 -0500 https://mayhimmer.com/blog.php?id=48 Tips for Taxpayers Who Owe Taxes https://mayhimmer.com/blog.php?id=46 The IRS offers a variety of payment options where taxpayers can pay immediately or arrange to pay in installments. Those who receive a bill from the IRS should not ignore it. A delay may cost more in the end. As more time passes, the more interest and penalties accumulate. Thu, 01 Feb 2018 03:00:00 -0600 https://mayhimmer.com/blog.php?id=46 Office Hours & Appointments https://mayhimmer.com/blog.php?id=45 Our office hours are now Monday thru Thursday, 8 a.m. to 5 p.m. and Fridays from 8 a.m to 4 p.m. We are at the 2017 Tax Filing time - be sure to call for an appointment early! Fri, 26 Jan 2018 03:00:00 -0600 https://mayhimmer.com/blog.php?id=45 Recognize Phishing Email Scams https://mayhimmer.com/blog.php?id=44 Phishing attacks use email or malicious websites to get personal information from the user. In many cases, the criminal fools someone into believing the phishing email is from someone they trust. The emails often have the look and feel of authentic communications. These targeted messages can trick even the most cautious person into doing something that may compromise data. Thu, 18 Jan 2018 03:00:00 -0600 https://mayhimmer.com/blog.php?id=44 Eight Steps to Keep Online Data Safe https://mayhimmer.com/blog.php?id=43 Anyone with an online presence can do a few simple things to protect their identity and personal information. Following these eight steps can also help taxpayers protect their tax return and refund in 2018. Thu, 11 Jan 2018 03:00:00 -0600 https://mayhimmer.com/blog.php?id=43 Data Protection Tips to Help Taxpayers, Businesses https://mayhimmer.com/blog.php?id=42 The IRS is partnering with state tax agencies, the tax industry and groups across the country to host the second annual National Tax Security Awareness Week. The goal is to encourage all taxpayers to take steps to protect their tax data and identities Thu, 28 Dec 2017 03:00:00 -0600 https://mayhimmer.com/blog.php?id=42 Individual Taxpayers: Seven Things to Do When an IRS Letter Arrives https://mayhimmer.com/blog.php?id=41 The IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS. Thu, 21 Dec 2017 03:00:00 -0600 https://mayhimmer.com/blog.php?id=41 Five Facts about Charitable Contributions https://mayhimmer.com/blog.php?id=40 taxpayers who donate to a charity may be able to claim a deduction for the donation on their federal tax return. Thu, 14 Dec 2017 03:00:00 -0600 https://mayhimmer.com/blog.php?id=40 Taxpayers Should do an End-of-Year Withholding Check-up https://mayhimmer.com/blog.php?id=39 As the end of the year approaches, the IRS encourages taxpayers to consider a tax withholding checkup. When taxpayers take a close look to make sure the right amount of tax is withheld now, they can avoid an unexpected tax bill next year. Thu, 07 Dec 2017 03:00:00 -0600 https://mayhimmer.com/blog.php?id=39 Know these Helpful Tips about Employee Business Expenses https://mayhimmer.com/blog.php?id=38 Taxpayers who pay work-related expenses out of their own pocket may be able to deduct them. Generally, employee business expenses are deductible if they are more than two percent of adjusted gross income. In most cases, they go on IRS Schedule A, Itemized Deductions. Mon, 04 Dec 2017 03:00:00 -0600 https://mayhimmer.com/blog.php?id=38 Five Things to Know about Estimated Taxes and Withholding https://mayhimmer.com/blog.php?id=36 People pay taxes on income through withholding on their paycheck or through estimated tax payments. Taxpayers who pay enough tax throughout the year can avoid a large tax bill and penalties when they file their return. Thu, 16 Nov 2017 03:00:00 -0600 https://mayhimmer.com/blog.php?id=36 Gifts to Charity: Six Facts About Written Acknowledgements https://mayhimmer.com/blog.php?id=35 Six things for taxpayers to remember about these donations and written acknowledgements. Thu, 09 Nov 2017 03:00:00 -0600 https://mayhimmer.com/blog.php?id=35 What to Do if an IRS Letter Arrives in the Mail https://mayhimmer.com/blog.php?id=33 The IRS mails millions of pieces of correspondence every year to taxpayers for a variety of reasons. Suggestions on how best to handle a letter or notice from the IRS. Thu, 26 Oct 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=33 Learn about Tax Benefits for Education https://mayhimmer.com/blog.php?id=32 Two tax credits available to those who pay higher education costs for themselves, a spouse or a dependent. Thu, 19 Oct 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=32 Learn about Tax Benefits for Education https://mayhimmer.com/blog.php?id=31 Information about two tax credits available to those who pay higher education costs for themselves, a spouse or a dependent. Thu, 12 Oct 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=31 Divorce or Separation May Affect Taxes https://mayhimmer.com/blog.php?id=30 Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have on their taxes. Alimony payments paid under a divorce or separation instrument are deductible by the payer, and the recipient must include it in income. Thu, 05 Oct 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=30 File Form 1040X to Amend a Tax Return https://mayhimmer.com/blog.php?id=29 Filing an amended tax return corrects information that changes tax calculations. This includes making changes to filing status and dependents, or correcting income credits or deductions. Thu, 28 Sep 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=29 Know Your Taxpayer Bill of Rights https://mayhimmer.com/blog.php?id=28 Know your rights as a taxpayer! The Taxpayer Bill of Rights is groups the taxpayer rights found in the tax code into 10 categories. These are the 10. Thu, 21 Sep 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=28 Moving Expenses May Be Deductible https://mayhimmer.com/blog.php?id=27 Taxpayers may be able to deduct certain expenses of moving to a new home because they started or changed job locations. Who can deduct moving expenses? Thu, 14 Sep 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=27 Be Alert to Scammers Who Pose as the IRS https://mayhimmer.com/blog.php?id=26 Be alert to those who pose as the IRS. These scams take many different forms. Thu, 07 Sep 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=26 Tax Tips to Help You Determine What Makes a Gift Taxable https://mayhimmer.com/blog.php?id=25 Tax Tips to help determine what gifts are subject to the gift tax. Thu, 31 Aug 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=25 Top Tips to Know about the Home Office Deduction https://mayhimmer.com/blog.php?id=24 Six tips to keep in mind about the home office deduction. Thu, 24 Aug 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=24 Know these Helpful Tips about Employee Buiness Expenses https://mayhimmer.com/blog.php?id=23 Tips about Employee Business Expenses and what federal forms to use. Thu, 17 Aug 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=23 Eight Tips to Protect Taxpayers from Identity Theft https://mayhimmer.com/blog.php?id=22 Eight tips from the IRS to help prevent identity theft. Thu, 10 Aug 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=22 Employee or Independent Contractor? Know the Rules https://mayhimmer.com/blog.php?id=21 Know the difference between an employee or an independent contractor? Here are two key points to keep in mind when it comes to classifying workers -- Thu, 03 Aug 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=21 Hobby or Business? Here are Some Tips to Decide https://mayhimmer.com/blog.php?id=20 Special rules and limits for deductions taxpayers can claim for hobbies. Thu, 27 Jul 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=20 Tax Tips for Students Working this Summer https://mayhimmer.com/blog.php?id=18 Tax Tips for Students Thu, 13 Jul 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=18 How an Offer in Compromise Works https://mayhimmer.com/blog.php?id=17 Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer in Compromise. Thu, 06 Jul 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=17 Tips for Taxpayers Who Owe Taxes https://mayhimmer.com/blog.php?id=16 Payment options if you owe the IRS. Thu, 22 Jun 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=16 What to Do if an IRS Letter Arrives in the Mail https://mayhimmer.com/blog.php?id=15 Steps to take if you receive an IRS letter or notice. Thu, 15 Jun 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=15 Five Tax Tips on Making Estimated Tax Payments https://mayhimmer.com/blog.php?id=14 Tips on making estimated tax payments Thu, 08 Jun 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=14 Filing Late & Penalties https://mayhimmer.com/blog.php?id=13 Filing Late & Penalties Thu, 01 Jun 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=13 Missed Deadline https://mayhimmer.com/blog.php?id=11 Missed Deadline Thu, 25 May 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=11 Office Hours https://mayhimmer.com/blog.php?id=4 Summer/Fall Office Hours Tue, 09 May 2017 04:00:00 -0500 https://mayhimmer.com/blog.php?id=4 Revised Form I-9 https://mayhimmer.com/blog.php?id=3 Revised Form I-9 dated 11/14/2016N Wed, 11 Jan 2017 03:00:00 -0600 https://mayhimmer.com/blog.php?id=3 2016 Standard Mileage Rates for Business, Medical and Moving Announced https://mayhimmer.com/blog.php?id=2 2016 Standard Mileage Rates for Business, Medical and Moving Announced Wed, 06 Jan 2016 03:00:00 -0600 https://mayhimmer.com/blog.php?id=2 Welcome to May Himmer Ramirez CPAs, PLLC's New Website and Blog https://mayhimmer.com/blog.php?id=1 Welcome to May Himmer Ramirez CPAs, PLLC's New Website and Blog Thu, 31 Dec 2015 03:00:00 -0600 https://mayhimmer.com/blog.php?id=1