The Top 12 2017 IRS Scams by Emelia Mensa

2017 IRS Scams

Every year around this time of year, the Treasury Department releases their list of the various shenanigans that criminals and the like try to pull around taxes. Obviously, this activity peaks around now, and so it’s a very good idea to be on your guard. Last week, the IRS completed their 2017 IRS Scams list, and though it isn’t substantively … Read More

Emelia MensaThe Top 12 2017 IRS Scams by Emelia Mensa

Start The Estate Planning Process During Tax Season by Emelia Mensa

estate planning process

We are rocking and rolling through tax season these days at Ye Olde Mensa Tax Shoppe. But I woke up Monday to the news that the federal government took in a record $1.08 trillion in taxes during the first quarter of their fiscal 2017 (which ran from Oct ’16 – Jan ’17). That’s a lot of nickels. And it reminded … Read More

Emelia MensaStart The Estate Planning Process During Tax Season by Emelia Mensa

A Connecticut Tax Professional’s Valentine’s Day Plan

Valentine's Day plan

Whatever you might think about the New England Patriots, it’s nearly impossible not to respect their prowess on the football field. And there are plenty of storylines we can all take away from that epic game: * Or maybe it was about the completion of the ultimate scrappy underdog story (remember, Tom Brady was the 199th pick in the draft, … Read More

Emelia MensaA Connecticut Tax Professional’s Valentine’s Day Plan

What To Look For In a Connecticut Tax Professional

Tax Professional

The world is awash in shouting these days. Can you feel it? It’s tax season, and so I’m not spending much time in Facebook, but I know for a fact that there is a lot of anger, frustration and noise about politics. So much so that it seems everywhere you turn these days somebody is agitating over something. Can I … Read More

Emelia MensaWhat To Look For In a Connecticut Tax Professional

Common Tax Return Errors To Avoid For Connecticut Self-Preparers

Tax Return

The Super Bowl teams are set, the new President is inaugurated … why does it feel like things are still going so fast? Perhaps, for me and my team, it’s because we finally are able to submit tax returns to the IRS (they began receiving them on Monday the 23rd). But it’s also just the time of year when there … Read More

Emelia MensaCommon Tax Return Errors To Avoid For Connecticut Self-Preparers

Emelia Mensa’s Rule From The Successful

Successful

I have to first get this off my chest, before we get to the orders of business for today. A Connecticut friend who was watching football the other day asked me about a commercial he saw from a “popular” tax chain (who shall remain nameless) that is heavily advertising “free” tax preparation. Leaving aside the fact that it is only … Read More

Emelia MensaEmelia Mensa’s Rule From The Successful

Find out if you qualify for the Earned Income Tax Credit during EITC Awareness Day

On EITC Awareness Day, Friday, Jan. 27, the Internal Revenue Service will partner with community-based organizations across the country to alert millions of low and moderate-income workers about the Earned Income Tax Credit (EITC). All across the United States, local officials and community organizations are holding events highlighting this key benefit. If you earned $53,505 or less last year, you … Read More

Emelia MensaFind out if you qualify for the Earned Income Tax Credit during EITC Awareness Day

Emelia Mensa’s Tax Preparation Checklist

tax preparation

I shared my “resolutions” last week, and it was really nice to see the response, and to know that many of our Connecticut clients are equally excited for the opportunity to put new legs to a new year … and to make 2017 (much) better than 2016. I remember seeing a study in the Journal of Personality and Social Psychology … Read More

Emelia MensaEmelia Mensa’s Tax Preparation Checklist

Leaving your job? Consider these options for your retirement plan balance.

If you’re leaving your job and you have a retirement plan (other than a defined benefit (pension) plan), you generally have four options for your account balance: 1. Leave your money in the plan You may want to keep the balance in your old plan, especially if: you like the plan’s investment options, the plan has low fees, or you … Read More

Emelia MensaLeaving your job? Consider these options for your retirement plan balance.

Emelia Mensa’s New Year’s Resolutions

New Year's Resolutions

Well, here we are in 2017. Rather eerie, in my opinion. As the holidays wind down, it means no more extended family (which might be a relief?), no more parties, no more presents. Just … daily life in Connecticut. And, in my opinion, this coming week is actually crucial to how the rest of your year goes. Why? Because intentions … Read More

Emelia MensaEmelia Mensa’s New Year’s Resolutions