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Welcome Baby Ava!!

Welcome Jenna Smith

Jenna graduated SumaCum Laude from Oakland University with a bachelor's degree in accounting. She started at Jellison CPA in 2024 as an intern and was afterwards hired as a staff accountant and payroll clerk. Jenna studied accounting with the hope to one day start up an electrical business with her husband, but in the meantime wants to use her education to provide an efficient and productive experience for every client.

Her favorite activity outside of work is spending time on the lake with her family and friends. She also spends her time taking care of her dog, cat and aquarium, reading and crocheting.

IRS Letters Can Be WRONG!

We are aware that some payments made for 2023 federal tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount.

Who is affected: Generally, these are payments made by the spouse (second taxpayer listed) on a married filing jointly return submitted through their Online Account. Some other taxpayers may also be affected outside of this group.

No immediate action or phone call needed: Taxpayers who receive a notice but paid the tax they owed in full and on time, electronically or by check, should not respond to the notice at this time. Taxpayers can ensure that their payment is on their account by checking Online Account under the SSN that made the payment. Note that any assessed penalties and interest will be automatically adjusted when the payment(s) are applied correctly.

W9: Request for Taxpayer Identification Number and Certification

Businesses are required to provide a 1099-NEC to any vendor who receives payments totaling $600 or more over the course of the year for services whether or not a vendor has been asked for or provided a W-9 form. Year-end earnings are reported in this way, filed with IRS as well as sent to the vendor. The W-9 form aids in determining identifying information for a vendor and it is therefore best practice to request a W-9 from all vendors. The best time to ask for a completed W-9 Form is while on-boarding a new vendor. Vendors that are operating legally will have no problem providing this information. If a vendor provides any pushback to the request, or fails to provide complete and accurate information, it can be a red flag. Knowing this early on in the relationship can eliminate penalties down the road. The information provided on the W9 is used to prepare 1099s in January. Click here to get a copy of the W9 form and get more information. IRS W9

When do I have to take an RMD?

We recognize that there is an overlap for someone born in 1959, as they fall into the age 73 & 75 groups. Presumably, the IRS will provide clarification; we are still waiting for a technical error correction. We will offer more information as we receive it.

IRS Letters Can Be WRONG!

2nd Quarter Estimate Payments are Due June 17, 2024!!