Category Archives: McCormick Group

2019 Tax Season Letter

  Dear Clients, Friends and Colleagues; Happy New Year! I hope your holidays were terrific [...]

Taking care of business: recordkeeping for small businesses

  We get asked this question frequently and it is an important issue….record keeping. The [...]

Roth Conversions

  Most of our clients have a significant portion of their wealth in IRAs and [...]

Fake IRS Calls Increase During Tax Season

  Unfortunately, tax season always brings out the scammers. IRS just issued the following advice [...]

Don’t take the bait: Here’s how taxpayers can avoid getting caught by a phishing scam

Data thieves don’t take a break during the holidays. In fact, the IRS warns taxpayers [...]

The Down Side of the New Tax Reform

The Tax Cuts and Jobs Act (TCJA) included many taxpayer-friendly changes, such as lower tax [...]

IRS Phone Scam Intensifies

It’s that time of year again! No, not tax season…. scam season! This seems to [...]

Things to Remember when Considering Early Withdrawals from Retirement Plans

We often meet with clients to discuss their need for cash for various reasons and [...]

Taxpayers Should Report Name Changes Before Filing Taxes

  When a client changes their name, that change can affect their taxes. All the [...]

Starting or Growing a Business? How to Keep Good Records

  Keeping good records for your business is important and essential. Unorganized or missing records [...]

The Tax Cuts and Jobs Act: Tax Reform

  The Tax Cuts and Jobs Act was signed by President Trump on December 22nd [...]

Tax Reform: Senate Bill vs House Bill

In the early hours of Saturday morning the Senate passed its version of tax reform. [...]

Time to be Thankful: Thanksgiving 2017

It’s Thanksgiving week, and you are probably looking forward to spending the holiday feasting with [...]

Taxpayer Bill of Rights: The Right to Challenge the IRS’s Position and Be Heard

From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Challenge the [...]

Assets More Valuable Than Diamonds and Pearls

From the Desk of Lauran Corcoran Assets more valuable than Diamonds and Pearls At the [...]

Happy Independence Day!

From the Desk of Lauran Corcoran Happy Independence Day “We gotta go, gotta get the [...]

Orlando Tragedy and IRS’s Current Release Warning

From the Desk of Michael T. McCormick Our hearts go out to the victims of [...]

Employee or Independent Contractor? An existential-like question posed to many taxpayers

From the Desk of Lauran Corcoran, Associate Attorney Employee or Independent Contractor? An existential-like question [...]