Labor Day - A great day for Beer Brats!

Labor Day - A great day for Beer Brats!

This Labor Day I am going to share with you one of my favorite foods. Being from Wisconsin, there is only one food that clearly defines Football season and Labor Day and that is the beer brat. Enjoy a great and easy recipe to make beer brats and have a safe and happy Labor Day!

Tax Free Weekend is Here! What Qualifies?

Florida’s Tax Free Weekend is Friday, August 4 — Sunday, August 6. It began at 12:01 a.m. on Friday and will end Sunday at 11:59 p.m. This means tax free weekend is going on right now.

It's All About Community

It's All About Community

As little league baseball season begins to wind down, I can take some time to reflect on this past little league season and the contributions so many people make to ensure the children of our community have an amazing experience. 

This year was my first year as Treasurer for our local little league organization. The experience has proven to be beneficial in so many ways. I have met so many new people, grown my referral business and got to experience little league baseball from a new perspective. 

Summer Camp Expenses May Qualify for a Tax Credit!

Summer Camp Expenses May Qualify for a Tax Credit!

Our kids love Summer! They dive head first right into all things Summer. But, along with the lazy, hazy days of summer come some extra expenses, including summer day camp. But, the IRS has some good news for parents: those added expenses may help you qualify for a tax credit.

What To Do If You Get An IRS Notice

What To Do If You Get An IRS Notice

Receiving a letter of any kind from the IRS can be a heart-attack-inducing moment. Happily, not every piece of IRS correspondence is bad news. Some IRS notices are actually positive, while others are simply meant to inform you of an ongoing situation. Here are some of the most common IRS notices and how to respond to them.

What Happens If You Don't File Your Taxes

What Happens If You Don't File Your Taxes

If the government owes you, you'll lose your refund if you don't file within 3 years of the April tax filing deadline date.

On the other hand, if you owe taxes, you'll be subject to the failure-to-file penalty, which amounts to 5% of your unpaid tax bill for every month your tax bill remains unpaid after the April deadline, up to a maximum of 25%.

Did you miss the Tax Deadline of April 18th?

Did you miss the Tax Deadline of April 18th?

If you missed the April 18, 2017 deadline and you're getting a refund, there's no need to panic. 

2016 tax returns that are due a refund have until April 18, 2020 (October 16, 2020 with an extension) to be filed with the IRS before the statute of limitations on the refund runs out. If you don't file by then, the U.S. Treasury simply keeps your "donation."

However, if you owe additional tax, file your return as soon as you can, even if you can't pay your tax bill right away.

The late-filing penalty can be 10 times higher than the late-payment penalty, and the longer you wait, the worse it gets.

How Long Should You Keep Your Tax Records?

How Long Should You Keep Your Tax Records?

If you think your tax work is done once you file your return, think again. Now you need to file your tax records.

Keeping your tax returns and the documents you used to complete them obviously is critical if you’re ever audited. The statute of limitations on IRS audits is a key factor in deciding what to keep and for how long. Good record-keeping also could help if you need to file an amended return because you discovered a mistake or learned of a tax break you should have claimed.

So what tax-related records should you hang on to and for how long? Let’s look at what the IRS recommends based on how long it has to come back at you with questions.

Who is Robert Anstett?

Who is Robert Anstett?

It is time to introduce you to Robert Anstett, the owner of Anstett CPA PA. Some call him Robert or Rob, and others, call him Dad, coach or friend. Let's get to the professional write-up on Rob.

Founder of Anstett CPA, Robert Anstett specializes in various areas of taxation, from individual, estate and corporate tax planning, to retirement and business planning. Dedicated to cultivating personal relationships, Anstett CPA tailors its services to fit each client’s unique needs.