Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that knows the Self Storage business, that works in all 50 states and is there for you when you need him?
Jerry has been our accountant since we started in the self storage business, some 20 years ago. I look to him as more than an accountant, but as a valuable business asset. He is continually suggesting new ways to reduce costs and improve profits. Also, he has developed some unconventional reports that are very helpful in evaluating our business on a day to day basis. I would recommend him to any self storage operator.
Dennis Geiler
SoCal Self Storage, Southern California

National Tax Security Awareness Week: Data Protection Tips to Help Taxpayers, Businesses

shopping-safe-data-safe-CPA-Jerry-JonesThe 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.

This week begins Monday, Nov. 27 and coincides with two annual events when criminals are especially active – the online holiday shopping season and the 2018 tax filing season.

With the number of data breaches at record levels, these are issues that pose a threat to individuals and businesses. The IRS will offer simple steps taxpayers can take to protect themselves from cybercriminals. This event is part of the Security Summit, part of ongoing collaborative effort to combat tax-related identity theft.

10 Million Taxpayers Face an Estimated Tax Penalty Each Year; Act Now to Reduce or Avoid it for 2017; New Web Page Can Help

tax-penalty-advice-jerry-jonesThe Internal Revenue Service today reminded taxpayers assessed an estimated tax penalty for tax year 2016 that they still have time to take steps to reduce or eliminate the penalty for 2017 and future years.

To help raise awareness about the growing number of estimated tax penalties, the IRS has launched a new “Pay as You Go, So You Don’t Owe” web page. The IRS.gov page has tips and resources designed to help taxpayers, including those involved in the sharing economy, better understand tax withholding, making estimated tax payments and avoiding an unexpected penalty.

Taxpayers Who are Victims of Domestic Abuse Should Know Their Rights

tax-education-domestic-abuse-victim-CPA-tax-adviceDomestic abuse often includes control over finances. An important part of managing finances is understanding one’s tax rights. Taxpayers have the right to expect the IRS to consider facts and circumstances that might affect the individual’s taxes.

Taxpayers have the right to:

  • File a separate return even if they’re married.

  • Review the entire tax return before signing a joint return.

  • Review supporting documents for a joint return.

  • Refuse to sign a joint return.

  • Request more time to file their tax return.

  • Get copies of prior year tax returns from the IRS.

  • Seek independent legal advice.

Moving Expenses May Be Deductible

Tax-Deduction-Deductible-IRS-Jerry-JonesTaxpayers may be able to deduct certain expenses of moving to a new home because they started or changed job locations. Use Form 3903, Moving Expenses, to claim the moving expense deduction when filing a federal tax return.

Home means the taxpayer’s main home. It does not include a seasonal home or other homes owned or kept up by the taxpayer or family members. Eligible taxpayers can deduct the reasonable expenses of moving household goods and personal effects and of traveling from the former home to the new home.

Reasonable expenses may include the cost of lodging while traveling to the new home. The unreimbursed cost of packing, shipping, storing and insuring household goods in transit may also be deductible.

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