Category: Tax
Welcome Back Stephanie Bodmer
Welcome back to Stephanie Bodmer, a recent Oakland University graduate with a BS in Accounting! After interning at ShindelRock last summer, where she prepared 1040 tax returns and gained experience with QuickBooks and UltraTax, Stephanie is excited to further develop...
Meet our Tax Season Intern: Connor Moran
Meet our tax season intern from Western Michigan University, majoring in Accounting and originally from Woodhaven, MI. This first-time accounting intern chose ShindelRock for its great workplace culture and looks forward to gaining hands-on experience with 1099s, PPTs, Business Returns,...
Reviving Accounting: Careers That Shape the Future
It’s no secret that over the past 15 years, the accounting profession has been struggling to maintain a sufficient hiring pool and keep enrollment up; with the situation continuing to worsen. The Wall Street Journal recently highlighted these issues in...
8 Year End Tax Tips
With year-end fast approaching, it is essential to focus on key deadlines and financial strategies that may affect your tax position. Taking timely action on these matters can help you optimize deductions, minimize liabilities, and close the year on a...
Businesses Get Relief as the Corporate Transparency Act is Delayed
A significant update has emerged for businesses facing the upcoming January 1 deadline to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network. A federal judge in Texas has issued a preliminary injunction halting the nationwide enforcement of...
Simplifying Section 83(b): New IRS Form Coming Soon
The IRS is set to release an official form for the Section 83(b) election, a welcome development for individuals and entities granted restricted stock, stock options, or LLC interests. This election lets taxpayers pay taxes on these assets at grant...
U.S. Tax Court rules on basis adjustment for excess losses in closed years
The U.S. tax court has ruled in Surk LLC vs. IRS that a partnership had to adjust its basis in a flow-through entity for losses taken previously, even though they shouldn’t have been deducted in those prior years. The Tax Court...
IRS encourages all taxpayers to sign up for an IP PIN before Nov. 23
As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). An IP PIN is a six-digit number that...
IRS online tool lets taxpayers check their account balance
The IRS is urging taxpayers to use a handy online tool to check the status of their federal tax accounts. The online account feature is one of many useful online tools driving the impressive growth in visits to the agency’s...
IRS provides relief for hurricane victims in seven states
The Internal Revenue Service (IRS) announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, in any area designated by the Federal Emergency Management Agency (FEMA) including the entire states of Alabama, Georgia, North Carolina and South...