lyncotax.com RSS Feed https://lyncotax.com/ Take a look at our recent blog posts and client newsletter articles. en-us Wed, 01 Sep 2021 09:00:00 -0500 Wed, 01 Sep 2021 09:00:00 -0500 What Is a Designated Roth Account? https://www.lyncotax.com/newsletter.php#2 If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#2 Verifying Your Identity When Calling the IRS https://www.lyncotax.com/newsletter.php#4 If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#4 Tax Rules for Divorce and Alimony Payments https://www.lyncotax.com/newsletter.php#5 Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#5 Tax Relief for Those Affected by Natural Disasters https://www.lyncotax.com/newsletter.php#1 Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#1 Six Things To Know Before You Start a Business https://www.lyncotax.com/newsletter.php#3 Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#3 Which Educator Expenses Are Tax Deductible? https://www.lyncotax.com/newsletter.php#4 Teachers and other educators should remember that they can deduct certain unreimbursed expenses such as classroom supplies, training, and travel on their tax returns to reduce the amount of tax owed. Sun, 01 Aug 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#4 Retirement Plan Options for Small Businesses https://www.lyncotax.com/newsletter.php#5 Employer-sponsored retirement plans are a key component of retirement savings. If you're like many small business owners in the United States, you may be considering the various retirement plan options available for your company. Sun, 01 Aug 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#5 Opting Out of the Monthly Child Tax Credit Payment https://www.lyncotax.com/newsletter.php#2 While many families will benefit from the extra money deposited into their bank accounts, some may want to opt out and instead take the Child Tax Credit when they file their tax return next spring. Sun, 01 Aug 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#2 Minimizing Capital Gains Tax on Sale of a Home https://www.lyncotax.com/newsletter.php#3 Learn how to avoid capital gains tax and why home improvements that qualify for the residential energy property credit can make a difference when selling your home. Sun, 01 Aug 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#3 Key Tax Changes Could Affect Your Tax Situation in 2021 https://www.lyncotax.com/newsletter.php#1 Key tax provisions in the American Rescue Plan Act of 2021 could affect your tax situation. Here's what you need to know. Sun, 01 Aug 2021 09:00:00 -0500 https://www.lyncotax.com/newsletter.php#1 April 2020 - News You Can Use https://www.lyncotax.com/blog.php?id=139 Employee Retention Credits versus the Paycheck Protection Program Fri, 01 May 2020 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=139 Connect2019 Conference https://www.lyncotax.com/blog.php?id=138 Wed, 26 Jun 2019 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=138 Veteran's Day https://www.lyncotax.com/blog.php?id=137 Thu, 08 Nov 2018 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=137 Tax Planning Season https://www.lyncotax.com/blog.php?id=136 Tax planning has a season, and that season is NOW! Thu, 13 Sep 2018 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=136 Senior Citizens Day https://www.lyncotax.com/blog.php?id=135 August 21st is the office day for senior citizens! Tue, 21 Aug 2018 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=135 Lynn Schmidt Attends Advanced Training in Boston https://www.lyncotax.com/blog.php?id=134 Lynn A. Schmidt of Lynco Financial & Tax Services, Inc. recently attended advanced training in Boston, which included tax-planning concepts and strategies to help her clients write their own history, because tax planning doesn't happen by accident! Thu, 02 Aug 2018 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=134 Back-to-School Sales Tax Holiday 2018 https://www.lyncotax.com/blog.php?id=133 Here we are again - about to start another school year. Didn't school just end?! Mon, 16 Jul 2018 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=133 There Are Benefits to REAL Human Contact https://www.lyncotax.com/blog.php?id=132 When one thinks about summer, they think of the beach, backyard barbeques, Fourth of July fireworks, and hot sunny days, but did you know that July is also Social Wellness Month? Tue, 10 Jul 2018 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=132 Happy First Week of Summer https://www.lyncotax.com/blog.php?id=130 What do you think of when you hear the word Summer? Mon, 25 Jun 2018 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=130 Armed Forces Day https://www.lyncotax.com/blog.php?id=129 Armed Forces Day Thu, 17 May 2018 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=129 Time is Running Out to File Your Taxes! https://www.lyncotax.com/blog.php?id=128 Time is running out to file your taxes! Wed, 28 Mar 2018 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=128 Lynco Financial & Tax Services Inc selected for 2017 Winter Haven Small Business Excellence Award https://www.lyncotax.com/blog.php?id=127 Due to our dedication to exceptional client service, Lynco Financial & Tax Services, Inc. has once again been recognized by the Winter Haven Small Business Excellence Award Program. Tue, 29 Aug 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=127 Taxpayers Beware! More Scams to Watch Out For https://www.lyncotax.com/blog.php?id=126 As an Enrolled Agent, a federally licensed tax professional, Lynn believes in keeping taxpayers informed with the most up-to-date information available. Please review the below information and call our office if you have questions or need professional assistance with a tax preparation, tax planning or IRS matter. Tue, 18 Jul 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=126 Back-to-School Sales Tax Holiday 2017 https://www.lyncotax.com/blog.php?id=125 It's almost that time of year again - the time when kids will be getting ready to go back to school! Find out more information about the best time to take them shopping and save money. Thu, 13 Jul 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=125 Lynn A. Schmidt, Local Tax Professional, Attends Income Tax Update Workshop https://www.lyncotax.com/blog.php?id=124 Lynn A. Schmidt of Lynco Financial & Tax Services, Inc. recently attended an income tax update workshop which included a variety of strategies to assist individual taxpayers and business owners with tax planning issues. Tue, 11 Jul 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=124 Hello, Hurricane Season - Are You Prepared? https://www.lyncotax.com/blog.php?id=123 The start of hurricane season is upon us! We've seen what hurricanes can do to people's homes and livelihoods - are you prepared for what's to come? Tue, 30 May 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=123 Virus Alert - Are You at Risk? https://www.lyncotax.com/blog.php?id=122 Mon, 22 May 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=122 529 Plans - How Can They Help You? https://www.lyncotax.com/blog.php?id=120 College is expensive, which is why you can't afford to put off saving until tomorrow. So what can you do to prepare for the costs? Mon, 08 May 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=120 Earth Day & Arbor Day - Going Green https://www.lyncotax.com/blog.php?id=119 With the emphasis on "being green" this Earth Day and Arbor Day, we'd like to issue a challenge to begin "saving green!" Wed, 05 Apr 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=119 Community Service - Can I Deduct That? https://www.lyncotax.com/blog.php?id=118 Using our time and money to help those who need it - is there anything greater than that? But is "the goodness of our hearts" tax deductible? Thu, 30 Mar 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=118 Lower Insurance Premiums? https://www.lyncotax.com/blog.php?id=117 I'm sure we're not the only ones tired of sky-rocketing health insurance premiums. So what's being done on the consumer's behalf? Find out! Thu, 16 Mar 2017 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=117 NEW Tax Season Scams - Beware! https://www.lyncotax.com/blog.php?id=116 Tax season is in full swing - and so are scammers who are out to get YOUR private information. So please keep yourself informed so you don't become a victim. Tue, 07 Feb 2017 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=116 Lynco Financial & Tax Services, Inc. Honored With the 2016 Best of Winter Haven Award https://www.lyncotax.com/blog.php?id=115 Lynco Financial & Tax Services Inc has been selected for the 2016 Best Businesses of Winter Haven Award in the Accountants & Tax Preparers category by the Best Businesses of Winter Haven Award Program. Tue, 27 Sep 2016 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=115 Business Owners - INFORMATION You NEED to KNOW! https://www.lyncotax.com/blog.php?id=114 Sometimes it's hard to keep up with everything you need to know as a business owner. Please check out our "Business Tax Tips" page for information to save you time and stress in your role as a business owner! Wed, 13 Jul 2016 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=114 Back-to-School Sales Tax Holiday 2016 https://www.lyncotax.com/blog.php?id=113 It's almost that time of year again - the time when kids will be getting ready to go back to school! Find out more information about the best time to take them shopping and save money. Thu, 07 Jul 2016 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=113 Cost of Retirement https://www.lyncotax.com/blog.php?id=112 So what does it cost for retirement? And do you have enough money saved? Wed, 29 Jun 2016 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=112 Lynn A. Schmidt Attends CONNECT2016, HD Vest's Leading National Industry Conference for Independent Financial Advisors https://www.lyncotax.com/blog.php?id=111 The conference, hosted by HD Vest, brings together top advisors, industry experts and financial service providers to share best practices and latest concepts in client wealth management solutions. Wed, 08 Jun 2016 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=111 Lynn A. Schmidt*, EA, CTC of Lynco Financial & Tax Services, Inc. Honored With the 2016 Five Star Wealth Manager Award https://www.lyncotax.com/blog.php?id=110 Lynn A. Schmidt, Enrolled Agent, Tax Expert and Financial Advisor of Lynco Financial & Tax Services, Inc., has recently been awarded the Prestigious Five Star Award, and is currently featured in the May issue of Florida's finest, ORLANDO Magazine. Thu, 26 May 2016 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=110 Happy Tax Freedom Day 2016 https://www.lyncotax.com/blog.php?id=109 Happy Tax Freedom Day, the made-up holiday when the average American starts working for him- or herself! Wed, 20 Apr 2016 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=109 Taxpayers Beware! More Tax Scams in 2016 https://www.lyncotax.com/blog.php?id=108 Taxpayer identity theft is more rampant this tax season than ever before! Make sure you are informed so you can be on your guard against anyone trying to steal your personal information. Tue, 15 Mar 2016 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=108 IRS Identifies "Dirty Dozen" Tax Scams for 2016 https://www.lyncotax.com/blog.php?id=106 Here it is - the 2016 IRS Dirty Dozen Tax Scams. Make sure you're informed so you don't become a victim! Mon, 22 Feb 2016 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=106 Scams Targeting Senior Citizens https://www.lyncotax.com/blog.php?id=105 Tax scams are an important issue affecting millions of taxpayers. Read this update about tax scams specifically targeting Senior Citizens. Thu, 11 Feb 2016 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=105 Tax Season Is Here - Meet Our Staff and Get Some Helpful Tips! https://www.lyncotax.com/blog.php?id=104 Tax season is upon us, and we wanted to reacquaint you with our friendly staff and share some helpful tax tips! Tue, 19 Jan 2016 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=104 Scammers, Tax Season, Identity Theft - OH MY! https://www.lyncotax.com/blog.php?id=103 It's that time of year again, and the scammers are already out in full force. Fri, 15 Jan 2016 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=103 Taxpayer Alert: IRS Announces Error in Identity Protection PIN Letters https://www.lyncotax.com/blog.php?id=102 The IRS recently announced an error in the identity protection PIN letters sent out to taxpayers at the beginning of this year. Wed, 06 Jan 2016 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=102 Medicaid Waiver Payments - Taxable? Non-Taxable? https://www.lyncotax.com/blog.php?id=100 Mon, 05 Oct 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=100 Book Signing for Lynn's Best-Selling Book - Don't Miss It! https://www.lyncotax.com/blog.php?id=99 For those of you who weren't able to make it the first time - you don't want to miss this upcoming book signing for Lynn's best-selling book "The Tax Detective: Uncovering the Mystery of Tax Planning." Tue, 29 Sep 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=99 Newly Identified Taxpayer Scams https://www.lyncotax.com/blog.php?id=98 What's going right at the IRS? Dropping phone calls, deactivating the "Get IRS Transcripts" function on their website - who has time to deal with the IRS? We do! Mon, 28 Sep 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=98 Lynco Financial & Tax Services, Inc. Honored With the 2015 Best of Winter Haven Award https://www.lyncotax.com/blog.php?id=96 Lynco Financial & Tax Services Inc has been selected for the 2015 Best Businesses of Winter Haven Award in the Accountants & Tax Preparers category by the Best Businesses of Winter Haven Award Program. Mon, 21 Sep 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=96 Independent Contractors - We Weren\'t Kidding https://www.lyncotax.com/blog.php?id=97 There's been a lot of recent buzz in the IRS, DOL, and DOR about misclassification of independent contractors and employees. Are you in danger of being fined? Mon, 21 Sep 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=97 New Credit Card Scam https://www.lyncotax.com/blog.php?id=95 There is a new scam involving credit card information - please be aware of this scam! Mon, 31 Aug 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=95 Independent Contractors, Employees, IRS & DOR - Oh My! https://www.lyncotax.com/blog.php?id=92 Do you own a business or know someone who does? This information is MUST KNOW for anyone who owns a business. Mon, 27 Jul 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=92 Win a Free Dinner for Two! https://www.lyncotax.com/blog.php?id=93 Free dinner has never been so easy - just take this 20 minute survey, and you'll be entered for a chance to win! Thu, 16 Jul 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=93 Book Signing for Lynn's New Book - Don't Miss It! https://www.lyncotax.com/blog.php?id=94 We're really excited to announce the upcoming book signing for Lynn's best-selling book "The Tax Detective: Uncovering the Mystery of Tax Planning." Don't miss it! Thu, 16 Jul 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=94 Surprise, Surprise - IRS Funding May Be Cut - Again https://www.lyncotax.com/blog.php?id=91 Unfortunately, this bill would affect tax practitioners and taxpayers more than it would actually affect the IRS. Tue, 30 Jun 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=91 HD Vest Conference 2015 https://www.lyncotax.com/blog.php?id=90 Wondering what Lynn has been up to lately? Read this article to find out! Thu, 25 Jun 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=90 Independent Contractors, Employees, IRS & DOR - Oh My! https://www.lyncotax.com/blog.php?id=89 Do you have any "independent contractors" who do work for your company? Make sure you are in compliance with the IRS/DOR standards in case you end up under their microscope! Thu, 04 Jun 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=89 IRS Releases Statement About "Get Transcript" Application https://www.lyncotax.com/blog.php?id=88 Taxpayer personal information is something that should be protected. If you recently used the "Get Transcript" application, your information may be in danger. Wed, 27 May 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=88 The Original Tax "Shelter" https://www.lyncotax.com/blog.php?id=87 New York City is the indisputable hub of American capitalism, and the island of Manhattan is home to some of the richest people on the planet who own some of its priciest real estate in the world. You would think all those rich people living in all those expensive apartments would keep the tax collectors satisfied. But in fact, the oceans of money sloshing ashore are managing to bypass some of the most obvious tax tollbooths. Wed, 13 May 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=87 Accountants Behaving Badly https://www.lyncotax.com/blog.php?id=86 When it comes to cheating the IRS, these are some who are on the "Most Wanted" list. Wed, 06 May 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=86 Bet They Didn't Think About This! https://www.lyncotax.com/blog.php?id=84 What if animals had the same rights as people? What would that mean for their tax obligations? Wed, 29 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=84 National Tax Freedom Day - April 24, 2015 https://www.lyncotax.com/blog.php?id=83 Congratulations on reaching National Tax Freedom Day - the made-up holiday when the average American starts working for him- or herself! Thu, 23 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=83 Guaranteed Loser https://www.lyncotax.com/blog.php?id=82 Did you know that in 2006, a study showed that 21% of Americans believe playing the lottery was their best bet for financing retirement? What else do you not know about playing the lottery? Wed, 22 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=82 Smoke 'Em If You Got 'Em https://www.lyncotax.com/blog.php?id=81 Here's some tax fraud cases that are sure to brighten your April 15th. Wed, 15 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=81 The Tax Man Runneth https://www.lyncotax.com/blog.php?id=80 The next presidential election is only 20 months away, and you won't believe who's throwing his hat in the ring! Wed, 08 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=80 Filing Extensions Without Penalties and Interest https://www.lyncotax.com/blog.php?id=79 It's about that time - only 8 days until April 15th! Have you filed your return yet, or will you probably have to go on extension? Tue, 07 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=79 Software or Tax Pro: Will It Make a Difference to Your Tax Return? https://www.lyncotax.com/blog.php?id=78 When getting your taxes done, what are the pros and cons of hiring a professional as opposed to using tax software? Thu, 02 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=78 Lynn A. Schmidt*, EA, CTC of Lynco Financial & Tax Services, Inc. Honored With the 2015 Five Star Wealth Manager Award https://www.lyncotax.com/blog.php?id=75 Lynn A. Schmidt, Enrolled Agent, Tax Expert and Financial Advisor of Lynco Financial & Tax Services, Inc., has recently been awarded the Prestigious Five Star Award, and is currently featured in the May issue of Florida's finest, ORLANDO Magazine. Thu, 02 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=75 Big News from Washington https://www.lyncotax.com/blog.php?id=76 Is the new proposed Bean Stalk (BS) bill for real, or is it just Congress' idea of an April Fools joke? Thu, 02 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=76 Book Launch Day is Here - Can We Count on Your Support? https://www.lyncotax.com/blog.php?id=74 The day we've all been waiting for is here - the Tax Detective book is launching today on Amazon! Buy your discounted copy today! Wed, 01 Apr 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=74 The Top 10 Special Tax Benefits for Armed Forces https://www.lyncotax.com/blog.php?id=73 If you are a member of the U.S. Armed Forces, did you know that there are tax benefits that may apply to your situation? Tue, 31 Mar 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=73 Book Launch April 1st - Can I Count on Your Help? https://www.lyncotax.com/blog.php?id=72 We are so excited to announce that the Tax Detective book Lynn has been working on will launch April 1st - can we count on your help to make it a bestseller? Fri, 27 Mar 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=72 Shocking News https://www.lyncotax.com/blog.php?id=77 This time of year, taxpayers across America are scrambling to put together their last year's mileage records. It's important to make sure they're accurate, or you might end up like these guys. Wed, 25 Mar 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=77 007 for a Day https://www.lyncotax.com/blog.php?id=71 Almost every child dreams of being a spy in their youth. Well, here's a chance for that dream to become a reality - the tax collectors in Greece are recruiting tax spies! Wed, 18 Mar 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=71 Be Prepared: Making Changes Now Could Reduce Your Taxes for 2015 https://www.lyncotax.com/blog.php?id=70 Tax Laws are constantly changing. You should always try and keep up with the changes so you can pay less tax. If they're too confusing, simply call Lynn to help you out! Tue, 17 Mar 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=70 Crossing the Finnish Line https://www.lyncotax.com/blog.php?id=69 After reading this, you may never have cause to complain about a speeding ticket again. Wed, 11 Mar 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=69 Five Tax Filing Predictions for 2015 https://www.lyncotax.com/blog.php?id=68 If the IRS were to get a performance review for this tax season, what would it be? Tue, 10 Mar 2015 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=68 Book Launch - The Tax Detective: Uncovering the Mystery of Small Business Planning https://www.lyncotax.com/blog.php?id=67 Have you ever wanted your own tax advisor in a book that you could take out and refer to whenever you wanted? Well, here's your chance! Thu, 05 Mar 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=67 You Taxin' Me? https://www.lyncotax.com/blog.php?id=66 Robert DeNiro is a triple threat - he's an actor, a businessman, AND he knows the right way to deal with the IRS! Wed, 04 Mar 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=66 The Grass May Not be Greener for the Pot Business https://www.lyncotax.com/blog.php?id=65 Riddle me this...if money is legally earned in the state's eyes, but illegally earned federally, then how does that work with one's income taxes? Tue, 03 Mar 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=65 Same-Sex Newlyweds Will Be Filing Tax Returns in a New Way https://www.lyncotax.com/blog.php?id=64 If you're in a same-sex marriage, can you file a joint federal return? Should you file jointly in your state of domicile? Thu, 26 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=64 It's Freezing Where? https://www.lyncotax.com/blog.php?id=62 Old Man Winter had a busy week last week, making temperatures drop well below zero across the country. Care to guess where else temperatures have been falling? Wed, 25 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=62 Health Insurance Form 1095 - A Correction https://www.lyncotax.com/blog.php?id=63 Surprise, surprise - the IRS has acknowledged distributing a faulty form. So what should taxpayers do now? Wed, 25 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=63 Still Waiting for Tax Documents? https://www.lyncotax.com/blog.php?id=61 If you're still waiting to receive tax documents you need in order to file your return, you have options. Tue, 24 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=61 Baby, Don't Leave https://www.lyncotax.com/blog.php?id=60 Can the words "income taxes" and "stalking" be used in the same sentence? Apparently, the answer is "yes." Wed, 18 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=60 Before You Hire a Tax Pro, Check Credentials https://www.lyncotax.com/blog.php?id=59 It's good to know exactly what your tax preparer's credentials mean - and whether they really qualify as credentials at all. Tue, 17 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=59 IRS Identifies "Dirty Dozen" Tax Scams for 2015 https://www.lyncotax.com/blog.php?id=58 The IRS has identified 12 of the most prevalent forms of the tax scams taxpayers are being hit with for this tax season. Mon, 16 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=58 Who Will You Choose to Guide and Assist You This Tax Season? https://www.lyncotax.com/blog.php?id=56 It's that time of year where everyone is deciding who is going to do his/her taxes. We recommend making sure that tax preparer is an Enrolled Agent like Lynn. Wed, 11 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=56 Patriots 28, Seahawks 24, IRS Millions https://www.lyncotax.com/blog.php?id=57 You probably thought the holiday season ended when the last Christmas lights finally came off the house. But then you would have forgotten the closest thing we have to a national fair. We're talking, of course, about the Super Bowl, our only nationally-televised event that makes people look forward to the commercials as much as the game! Wed, 11 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=57 Two Things in Life are Certain https://www.lyncotax.com/blog.php?id=55 It's been said that there are two things in life that are certain ... Death and Taxes! We can't help with one, but we can definitely help with the other. Thu, 05 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=55 Catastrophes, Calamities and Cataclysms - Oh My https://www.lyncotax.com/blog.php?id=54 Thu, 05 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=54 The Postman Always Rings Twice https://www.lyncotax.com/blog.php?id=53 No one ever relishes receiving correspondence from the IRS - but what's the worst letter you could ever get? Find out here! Wed, 04 Feb 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=53 Some Modest Proposals https://www.lyncotax.com/blog.php?id=52 What isn't taxed these days? Believe it or not, there's still some things out there that aren't taxed...but what if we could impose our own taxes? Thu, 29 Jan 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=52 The Most Wonderful Time of the Year? https://www.lyncotax.com/blog.php?id=50 At the IRS, the most wonderful time of the year starts right now. So here are some tax time quotes to get you in the spirit of the season. Wed, 21 Jan 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=50 This Tax Season, Have an Enrolled Agent on Your Side! https://www.lyncotax.com/blog.php?id=49 Why should you hire an Enrolled Agent to help you this tax season? Glad you asked! Tue, 20 Jan 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=49 Trick Play Backfires; Team Thrown for Loss https://www.lyncotax.com/blog.php?id=48 One group of players for the South Dakota Coyotes took a pretty tough hit. And their opponents weren't even wearing pads or cleats! What happened? Well, they challenged the team at the IRS â?? and they got thrown for a big loss. Wed, 14 Jan 2015 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=48 Decoding the Code https://www.lyncotax.com/blog.php?id=47 Some people may think understanding income taxes is like trying to decode an encrypted message, so why not write a book about how to understand them? Wed, 31 Dec 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=47 Our Twelve Days of Christmas https://www.lyncotax.com/blog.php?id=46 Even the 12 Days of Christmas lends an opportunity for the tax man! Wed, 24 Dec 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=46 Tax Extenders - Late-Breaking News for 2014 https://www.lyncotax.com/blog.php?id=45 On December 16, 2014, Congress approved new tax legislation for 2014 that is expected to be signed by the President soon. See how this legislation affects you going into the 2014 tax season. Thu, 18 Dec 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=45 #1 On the Naughty List? https://www.lyncotax.com/blog.php?id=44 "Christmas comes this time each year," as the Beach Boys astutely observed in "Little Saint Nick." That means Santa Claus will be making his annual "list," checking it twice, and letting us know who's naughty or nice. (That's right, Santa "audits" himself by checking it twice.) This year, one San Diego resident will be somewhere near #1 on the "Naughty" list. Wed, 17 Dec 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=44 Taxation for the Other Guy\'s Representation https://www.lyncotax.com/blog.php?id=43 In the two centuries since we traded "God Save the Queen" for "Hail to the Chief," the U.K. has become one of our closest allies. But we Yanks still chafe at paying British taxes. And apparently, those in Britain feel the same way about paying U.S. taxes... Wed, 03 Dec 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=43 Holiday Consumers Beware! https://www.lyncotax.com/blog.php?id=42 Nothing like a good old-fashioned email scam to get you in the holiday spirit...said no one, ever. Mon, 01 Dec 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=42 400 People Giving Thanks https://www.lyncotax.com/blog.php?id=41 In 1992, our friends at the IRS began compiling statistics on the 400 highest incomes in the nation. You won't believe the kind of incomes these taxpayers have to be thankful for! Wed, 26 Nov 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=41 Jilting the IRS https://www.lyncotax.com/blog.php?id=40 You've probably heard the joke about the husband who asks his long-suffering wife what she wants for Christmas. She says "a divorce," and he says "I wasn't planning on spending that much." Divorce is hard enough under most circumstances â?? it's good to know the tax man won't be jumping your claim, too. Wed, 19 Nov 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=40 Deduct the Alamo! https://www.lyncotax.com/blog.php?id=39 Remembering the Alamo has become a central part of Texas history. So, which Texas musician just offered a tax-planning lesson by donating his collection of Alamo artifacts to the Texas Land Office? The answer will most likely surprise you. Wed, 12 Nov 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=39 Pagans 1, Mind Control Defenders 0 https://www.lyncotax.com/blog.php?id=38 Not everyone who applies for tax-exempt status succeeds. In August, the IRS shot down an application from a group dedicated to protecting the human rights of defenseless victims of involuntary microwave and mind control attacks... Sounds like the plot to an episode of "My Favorite Martian." Thu, 06 Nov 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=38 Miserable 2015 Tax Season Predicted by IRS Commissioner https://www.lyncotax.com/blog.php?id=37 Even the IRS Commissioner thinks the upcoming tax season is going to be a nightmare! Thu, 06 Nov 2014 09:00:00 -0600 https://www.lyncotax.com/blog.php?id=37 Illegal Deduction in the Backfield https://www.lyncotax.com/blog.php?id=36 Not only are the Bears in a 3-5 slump; they also garnered a loss against their local Revenue Department! Wed, 29 Oct 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=36 How to Guarantee an Audit https://www.lyncotax.com/blog.php?id=35 Most of us would rather have a root canal without anesthesia than face an IRS audit. Fortunately, your chances of winding up in that particular hot seat are fairly low. Wed, 22 Oct 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=35 Business Owners - There\'s an APP for That! https://www.lyncotax.com/blog.php?id=34 The Florida Department of Revenue (DOR) has just released an APP that will make it possible for business owners to check the validity of their customers' resale certificates before they make the sale! Wed, 22 Oct 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=34 Massive Airbag Recall - Is Your Car on the List? https://www.lyncotax.com/blog.php?id=33 On Monday, October 20, 2014, the National Highway Traffic Safety Administration (NHTSA) released a consumer advisory alert regarding vehicle owners who may be in danger of having defective Takata airbags. Are you on the list? Tue, 21 Oct 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=33 The Art of the Tax Loss https://www.lyncotax.com/blog.php?id=32 Everyone should know the difference between a hobby and a business, right? Well, it turns out that's a harder question than you might think. Wed, 15 Oct 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=32 What Do You Give the Man Who Has Everything? https://www.lyncotax.com/blog.php?id=31 Didn't know you might need to pay an income tax on gifts? Take a lesson from Derek Jeter. Wed, 08 Oct 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=31 Taxing Situation https://www.lyncotax.com/blog.php?id=30 Not even celebrities can evade the IRS when it comes to tax fraud. Wed, 01 Oct 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=30 IRS Identifies Five Ways to Spot Scam Phone Calls https://www.lyncotax.com/blog.php?id=29 Recently, there has been an influx of scam phone calls claiming to be with the IRS. Here's how you can distinguish the real from the fake. Wed, 01 Oct 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=29 Lipstick on a Pig? https://www.lyncotax.com/blog.php?id=28 A politician who tries to deduct make-up expenses? Well, now we've heard everything... Wed, 24 Sep 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=28 September Sales Tax Holiday! https://www.lyncotax.com/blog.php?id=27 Come one, come all - this September 19-21, you save money on Energy Star and WaterSense products! Find out how! Tue, 09 Sep 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=27 People Who Live in Glass Houses https://www.lyncotax.com/blog.php?id=26 "The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing." -Jean Baptiste Colbert Wed, 03 Sep 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=26 It's International Bacon Day! https://www.lyncotax.com/blog.php?id=25 Bacon mania has indeed swept the United States. People are combining bacon with everything from chocolate to alcohol! But how can bacon and taxes be combined to make something tasty? Find out here! Wed, 27 Aug 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=25 ALS Ice Bucket Challenge https://www.lyncotax.com/blog.php?id=24 We've done the ice bucket challenge - now it's your turn! Mon, 25 Aug 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=24 Business Owners - Can You Really Do It All Yourself? (Pt. 1) https://www.lyncotax.com/blog.php?id=23 Why do you think Quickbooks has an account called, "Ask My Accountant"? See, even they know you can't do it all yourself. Fri, 15 Aug 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=23 Most of What Follows Is True https://www.lyncotax.com/blog.php?id=22 Getting a surprise tax bill isn't any more fun than a surprise visit from the Pinkertons. Here's a real-life example. Wed, 13 Aug 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=22 Unnecessary Roughness https://www.lyncotax.com/blog.php?id=21 Football is back! But what does that have to do with taxes? Wed, 06 Aug 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=21 Introducing the NEW LYNCO APP! https://www.lyncotax.com/blog.php?id=20 Yes, now even we have an APP for that! Wed, 06 Aug 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=20 The Day Income and Tax Got Married https://www.lyncotax.com/blog.php?id=19 Income is a great thing. Taxes...not so much. So the anniversary of the day the two of them got married - is it really a day to celebrate? Tue, 05 Aug 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=19 Holy Taxes, Batman! https://www.lyncotax.com/blog.php?id=18 Introducing a new superpower for Batman...fighting taxes??? Wed, 30 Jul 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=18 Berkshire Giveaway https://www.lyncotax.com/blog.php?id=17 See which celebrity is a billionaire tax aficionado! #WealthManagementWednesday Wed, 23 Jul 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=17 Back To School Sales Tax Holiday! https://www.lyncotax.com/blog.php?id=16 Bet you didn't know taxes had holidays too. Check out this sales tax holiday coming up in August! Tue, 22 Jul 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=16 Cleveland Rocks https://www.lyncotax.com/blog.php?id=15 What could possibly make Lebron James decide to move from Miami to Cleveland? Read here to find out! Wed, 16 Jul 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=15 Inside Job https://www.lyncotax.com/blog.php?id=14 For those of you who love a good, "How Dumb Can That Criminal Be?" story, here's one that's sure to please! Wed, 09 Jul 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=14 Winning the REAL World Cup https://www.lyncotax.com/blog.php?id=13 Just how much does the world actually spend on the World Cup? Find out here! Wed, 02 Jul 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=13 Words of Wisdom https://www.lyncotax.com/blog.php?id=12 Trying to find a way to make it through the rest of the week? Here's a few thoughts to put a smile on your face! Wed, 25 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=12 HD Vest Conference 2014 https://www.lyncotax.com/blog.php?id=11 Wondering what Lynn has been up to lately? Read this article to find out! Mon, 23 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=11 Wanna Bet? https://www.lyncotax.com/blog.php?id=9 Want to know more about how gambling and income taxes don't really mix well? Read this article and find out! Wed, 18 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=9 Business Start-Up Tips https://www.lyncotax.com/blog.php?id=8 It's #TaxTipTuesday! Thinking about starting a business? Here are some helpful tips for you! Tue, 17 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=8 Changes at Lynco You Don't Want to Miss! https://www.lyncotax.com/blog.php?id=7 We're excited to announce the unveiling of our latest project. All three of our websites have been newly redesigned! Click to learn more. Mon, 16 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=7 Honey or Vinegar? https://www.lyncotax.com/blog.php?id=10 What's the best way to communicate with the IRS? Read this article for what NOT to do! #WealthManagementWednesday Wed, 11 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=10 Really? https://www.lyncotax.com/blog.php?id=6 Does the thought of taxing your frequent flyer miles keep you awake at night? Well, even if it doesn't, this is still an interesting read! #FunFactFriday Fri, 06 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=6 Solar Energy & Beyond https://www.lyncotax.com/blog.php?id=3 Find out how solar energy and tax savings can be related! #TaxTipTuesday Wed, 04 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=3 Do-It-Yourself Cautions https://www.lyncotax.com/blog.php?id=4 Business Owners - Can you really afford to Do-It-Yourself? Wed, 04 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=4 Hurricane Preparedness https://www.lyncotax.com/blog.php?id=2 Florida Hurricane Season - there's still time for tax savings! #TaxTipTuesday Tue, 03 Jun 2014 09:00:00 -0500 https://www.lyncotax.com/blog.php?id=2