Ong & Company Blog

Letter From The IRS?

Richard Ong / October 28, 2016 /

Tax Representation

Have you received an IRS notice? If you want help responding, you may need to grant authorization so the IRS can discuss the matter with a representative of your choice. That's because your tax ...

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IRA Required Minimum Distribution Options

Richard Ong / October 24, 2016 /

Retirement Savings

Are you over age 70½? Do you own a traditional IRA? You may need to take a required minimum distribution from your account before year-end. If you don't need the income yet, you may be wishing you ...

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Changes to the Requirements for Claiming Education Tax Credits and Deductions

Nick Ong / October 17, 2016 /

Education Tax Benefits

Do you have the receipt for your fall semester tuition? Keeping track of your tuition and other qualified education costs may be more important than ever. Several laws enacted over the past few ...

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Are your payroll records in order for year-end?

Nick Ong / October 15, 2016 /

Payroll

October is here! It is time to wave goodbye to summer and turn your attention to pumpkins, pies, and payroll reports. Here are three tasks to complete as the fourth and final quarter of 2016 begins....

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New Partnership Rules

Nick Ong / October 03, 2016 /

Partnership Rules

No one likes to hear "audit" and "IRS" in the same sentence. When the rules change, you need to be prepared — and change is definitely what has happened to IRS partnership audit rules. Here's an ...

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Client Spotlight: Enduralock

Zach Davis / September 30, 2016 /

Client Spotlight

Enduralock is turning heads in the aerospace industry after earning top marks at the Starburst Accelerator startup compeitition and being selected as a finalist in the LaunchKC startup competition. ...

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Is it time to update your trust?

Nick Ong / September 26, 2016 /

Estate Planning

Do you have trust issues? If you've established a trust as part of your estate plan, the answer may be yes — and you might be unaware of those issues. Fortunately, getting your trust back on track ...

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Mortgage Interest Deduction Limits

Richard Ong / September 16, 2016 /

Interpreting the tax code can be difficult, even for the IRS, and sometimes that means you can benefit. An example is the recent IRS acceptance of a court decision on the proper way to calculate a ...

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New Relief for Late IRA Rollovers

Richard Ong / September 09, 2016 /

Retirement Savings

Requesting forgiveness for an IRA rollover error may now be a bit simpler and less expensive, thanks to a recently-issued IRS procedure. If you inadvertently missed the 60-day time limit for making ...

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You Still Have Time to Establish a Retirement Plan for your Business

Nick Ong / September 02, 2016 /

Retirement Savings

The problem with time is that you always think you have enough. Fall is already here, and the time for establishing a retirement plan for your business is ticking down to the deadline. Here are two ...

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