You may qualify for monthly Medicare premium refund
Medicare premiums, Parts B and D, are based on a sliding scale of income known as, Income-Related Monthly Adjustment Amounts (IRMAA). Premiums are determined generally using income from two years prior (2022 premiums are based on 2020 IRS-reported income). If...
SR Client Question: Is there a time limit on claiming a tax credit or refund?
Answer: The latest date, by law, you can claim a credit or federal income tax refund for a specific tax year is generally the later of these two dates: 3 years from the date you filed your federal income tax...
Congratulations to our staff!
Forging clear career paths for our staff and providing opportunities to grow, learn, and discover new strengths is at the foundation of what it means to work at ShindelRock. We're thrilled to announce EIGHT of our teammates have been promoted...
Cash payments may trigger Form 8300 e-filing requirement in 2024
Guarding against tax evaders, drug traders, and those who finance terrorism, the IRS requires certain businesses that receive payments of more than $10,000 in cash to file a Form 8300, Report of Cash Payments Over $10,000 Received in a Trade...
What to do when an IRS notice shows up in your mailbox
In the course of a typical person’s lifetime, they likely have very little interaction with the IRS. However, it is possible to receive a legitimate written piece of correspondence from the IRS. What next? The most important response is to...
Remembering Amelia Escobedo
We remember our friend and longtime colleague Amelia Escobedo, who passed away on August 6. Amelia was a friendly face in the ShindelRock lobby, greeting guests and assisting clients with a cheerful attitude and a can-do spirit. Her gentle, kind...
Insurance proceeds for rent loss are not subject to sales tax in Florida
With the many hurricane loss claims in recent years in Florida, there is some confusion about whether insurance claims proceeds for lost rent on commercial rental properties must be reported on your monthly Sales and Use Tax Return (Form...
Do you have a hobby or a business? The IRS will want to know…
From collecting stamps and woodworking to crafting and quilting, people have all kinds of hobbies – and most of these hobbies will never turn a profit. For hobbies that do earn income, people should know that they must report it...
Appraisal requirement may cause some to rethink charitable donation of cryptocurrency
In January 2023, the IRS advised that taxpayers will be denied a charitable contribution deduction for a donation of digital assets in excess of $5,000 without a qualified appraisal. While digital assets may have a value listed on an exchange...
Meet the SR Staff: Josh Hilton, Intern
We get to know Josh Hilton, a recent graduate of Madonna University, as he joins our ShindelRock team as a Summer 2023 intern: What are you doing during your internship at ShindelRock? What do you hope to come away with...