A Combination of Hekmat Barahmeh, CPA, PC (Cary) and Morgan's Accounting and Tax Services (Wendell) 919-388-3901 - (Cary) 919-365-9060 - (Wendell)

Best Options for Your Retirement Plan

Saving money for something way far ahead may be challenging, especially when you don’t have extra cash to set aside at present. You also might have heard a lot about the importance of saving for retirement, getting a head start, and investing now for your future. Though unappealing as it might sound, there are great [...]

Earned Income Tax Credit; Do I Qualify?

The Earned Income Tax Credit (EITC) is a financial boost for people working hard to make ends meet. Millions of workers may qualify for the first time this year due to changes in their marital, parental or financial status. The IRS urges workers who work for someone else or own or run their own business [...]

Understanding Who You Pay to Prepare Your Tax Return

Tax professionals have varying levels of skills, education and expertise. Furthermore, not all tax professionals have the right to represent taxpayers before the IRS, such as during an audit. Taxpayers should be aware of the credentials, qualifications and extent of service each prospective professional provides before obtaining their service. Enrolled agents, certified public accountants and [...]

Taxpayer Bill of Rights: #2, The Right to Quality Service

Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the Internal Revenue Service. The Taxpayer Bill of Rights takes the multiple existing rights embedded in the tax code and groups them into 10 broad categories, making them easier to find and understand. A list of your [...]

Taxpayer Bill of Rights: #3, The Right to Pay No More than the Correct Amount of Tax

Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the Internal Revenue Service. The Taxpayer Bill of Rights takes the multiple existing rights embedded in the tax code and groups them into 10 broad categories, making them easier to find and understand. A list of your [...]

Taxpayer Bill of Rights: #6, The Right to Finality

Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the Internal Revenue Service. The “Taxpayer Bill of Rights” takes the multiple existing rights embedded in the tax code and groups them into 10 broad categories, making them easier to find and understand. A list of your [...]

Identity Theft Information for Taxpayers and Victims

Identity theft presents a challenge to businesses, organizations and governments, including the Internal Revenue Service. The IRS meets the challenge of tax-related identity theft and is making progress against it with an aggressive strategy of prevention, detection and victim assistance. Tax-related identity theft remains a top priority for the IRS in 2015. This year, the [...]

Taxpayer Bill of Rights: #1, The Right to Be Informed

Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the Internal Revenue Service. The Taxpayer Bill of Rights takes the multiple existing rights embedded in the tax code and groups them into 10 broad categories, making them easier to find and understand. A list of your [...]

Taxpayer Bill of Rights: #4, The Right to Challenge the IRS’s Position and Be Heard

Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the Internal Revenue Service. The “Taxpayer Bill of Rights” takes the multiple existing rights embedded in the tax code and groups them into 10 broad categories, making them easier to find and understand. A list of your [...]

Tips Versus Service Charges: How to Report

The Internal Revenue Service reminds employers that automatic gratuities are service charges, not tips. Employers should make sure they know the difference and how they report each to the IRS. What are tips? Tips are discretionary (optional or extra) payments determined by a customer that employees receive from customers. Tips include: Cash tips received directly [...]