Jerry Jones CPA
Wouldn’t it be nice to have a CPA that you deal directly with, that understands your business, that works in all 50 states and is there for you when you need him?
"For more than 30 years, I have relied on Jerry Jones to provide me with critical guidance for both investment decisions and tax strategies. His opinions have been crucial in helping me make the best possible business decisions, as well as providing me with sound advice regarding personal tax planning".
Steve Tillett

IRS Completes The "Dirty Dozen" Tax Scams for 2015

IRS YouTube Video: Tax Scams

WASHINGTON — The Internal Revenue Service wrapped up the 2015 "Dirty Dozen" list of tax scams today with a warning to taxpayers about aggressive telephone scams continuing coast-to-coast during the early weeks of this year's filing season.

The aggressive, threatening phone calls from scam artists continue to be seen on a daily basis in states across the nation. The IRS urged taxpayers not give out money or personal financial information as a result of these phone calls or from emails claiming to be from the IRS.

Health Care Law & Your Tax Return

Affordable Care Act & Taxes - At a Glance

What you need to know about health care and filing your 2014 taxes.

Not Rocket Science

ray-tonjes-quote-its-not-rocket-science-its-really-about-common-senseWhen the media raises the subject of beating the market through astute stock picking, the name Warren Buffett is usually cited. But what does this legendary investor actually say about the smart way to invest?

Buffet is considered to have such a track record of picking stock winners and avoiding losers that his annual letter to shareholders in his Berkshire Hathaway conglomerate is treated as a major event by the financial media.

14 IRS Audit Red Flags

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? Short on personnel and funding, the IRS audited only slightly less than 1% (0.96%) of all individual tax returns in 2013. And we expect the 2014 audit rate to fall even lower as the agency’s resources continue to shrink and even more employees are reassigned to work identity theft cases. So the odds are pretty low that your return will be picked for review. And, of course, the only reason filers should worry about an audit is if they are fudging on their taxes.

That said, your chances of being audited or otherwise hearing from the IRS increase depending upon various factors, including your income level, the types of deductions or losses claimed, the business in which you're engaged and whether you own foreign assets. Math errors may draw IRS inquiry, but they'll rarely lead to a full-blown exam. Although there's no sure way to avoid an IRS audit, these 14 red flags could increase your chances of unwanted attention from the IRS.

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Essential Financial Planning

After Actor Philip Seymour Hoffman died, court documents revealed that he didn’t want his children to become “trust fund kids.” Rather than establishing a trust, he chose to leave his fortune to his girlfriend who is also his children’s mother.

The decision to create a trust is a personal one. But, beyond the potential of creating unmotivated children, a trust can be a smart fiscal choice and a way to insure the legacy you built during your life continues after your death.

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