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?
I own 3 storage properties (2 in one state and the other in another state over 100 miles away)and work a full-time job about 100 miles in another direction; with all my travelling I sometimes feel like I get behind the 8-ball. That is where I was on my taxes when I contacted Jerry to prepare them. It is not a good practice to be at the last minute and needing to have your taxes prepared, but Jerry met the deadline with exceptional professionalism. I am located approximately 2,500 miles across the country from Jerry but that has been no hindrance in receiving timely exceptional customer service from him. In discussions with Jerry, he has had made suggestions that has helped me improve my operations. His knowledge of the self-storage industry incorporated into your accounting and tax-planning of your operations will prove to be invaluable. I believe he will provide you with the highest level of accounting service and tax planning and preparation for being an owner in the self-storage industry.
Donnie Christian
Bristol, Tennessee and Virginia

IRS, Partners Move to Strengthen Anti-Fraud Effort with Form W-2 Verification Code

anti-fraud-IRS-Jerry-JonesWhen you get your Form W-2 in early 2017, you may notice a new entry – a 16-digit verification code. This is part of an effort conducted by the Internal Revenue Service to protect taxpayers and strengthen anti-fraud efforts.

The expanded use of the W-2 Verification Code is a way to validate the wage and tax withholding information on the tax form. For taxpayers, taking a moment to add this code when filling out their taxes helps the IRS authenticate the information. This in turn helps protect against identity theft and unnecessary refund delays.

'We Could Not Deliver Your Parcel' email could be scam

deliver-parcel-scam-fraud-CPA-taxElizabeth Weise , USATODAY

SAN FRANCISCO — As Christmas approaches, experts suggest an extra dollop of caution before clicking on email package delivery notices. Fake notifications are proliferating, bringing not holiday cheer — but holiday ransomware.

The holiday phishing season began just before Thanksgiving and will likely extend until after Christmas, said Caleb Barlow, vice president for IBM Security.

“This is a $445 billion business. These are campaigns, run by the criminal equivalent of marketers,” he said.

Security company FireEye sees a significant increase in fake package email alerts beginning in November, an almost 100% increase from the average of September-October.

Common subject lines the company has been tracking include:

IRS, Partners Urge Strong Passwords Help Protect Identities at Tax Time and Beyond

password-protection-IRS-Jerry-Jones-CPAThe Internal Revenue Services and its partners, in the fight against identity theft, urge computer users to strengthen their passwords.

The password serves as the first line of defense to stop hackers and identity thieves from accessing your computer, mobile phone and other internet-accessible devices.

The IRS, state tax agencies and the tax professional industry are asking for your help in their effort to combat identity theft and fraudulent tax returns. Working in partnership with you, we can make a difference.

Tax Planning for Aging Clients: Medical Expense Deduction for Home Improvements

tax-planning-medical-expense-wheel-chairBy Martin M. Shenkman, CPA/PFS, AEP, J.D.
Editor: Theodore J. Sarenski, CPA/PFS, CFP, AEP

Tax practitioners are well aware that the population is aging. The U.S. Census Bureau estimates those age 85 and older could number 18 million by 2050. Aging often brings increased health and mobility challenges. The U.S. Department of Health and Human Services Administration for Community Living projects the number of moderately or severely disabled elderly persons will grow to 22.6 million by 2040.Approximately 79% of people who require long-term care live in their homes, according to the Family Caregiver Alliance. This will necessitate additional home modifications to make homes more accessible, safer, or capable of addressing specific health issues. Many clients making these improvements, with guidance and planning, may qualify for valuable home improvement medical expense deductions. These deductions can be substantial and, thus, of interest to even wealthy clients.

Planning for this deduction can create an opportunity for CPA firms to offer aging clients a range of planning and other services. For example, CPAs as trusted advisers can help aging clients safeguard and manage their financial assets by monitoring their bank, brokerage, and other statements. In addition, at some age or level of incapacity, these clients will need someone to provide bill-paying and related services. Few, if any, people are more qualified to provide these services than CPAs.

Designed by NJ Designs