Social Distancing: COVID-19
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With growing concerns about
CODVID-19
(the Coronavirus) many people have started practicing social distancing to protect themselves, the health of those around them and the community as a whole.
Despite it all tax season marches on, however you have the option to skip an in-person appointment in favor of sending your documents in to be processed. Documents can be mailed in or dropped of to the office location of your choice or you can submit them electronically on
our website
using our online portal.
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Online portal
- If you have a portal but need assistance accessing it or uploading documents call Andrea True at (585) 410-6733 ext. 103.
- If you don't have a portal set up already and would like one, please email Chelsea Hewitt at chewitt@aliedfp.com.
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For our financial services clients
we have the ability to provide digital investment review meetings.
To schedule a digital investment review meeting with David Younis CFP
®
or Francis Celona CPA, CFP
®
contact Aimee Cummings at (585) 410-6733 ext. 136 or
acummings@alliedfp.com
.
Appointments with Jason Tabor CFP
®
can be scheduled with Debbie Pearlmutter at (607) 282-4161 or
dpearlmutter@alliedfp.com
.
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IRS FRAUD ALERT: CP 2000 Notices
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According to the IRS, criminals across the country are sending fraudulent versions of CP2000 notices for tax year 2015, which are letters that inform taxpayers about discrepancies on their tax return.
Here are a few warning signs that a notice ‘from the IRS’ is fake:
- Appears to be issued from an Austin, Texas, address.
- Says the issue is related to the Affordable Care Act and requests information regarding 2014 coverage.
- Lists the letter number in the payment voucher as 105C.
- Requests checks made out to I.R.S. and sent to the “Austin Processing Center” at a post office box.
To project yourself, and for peace of mind, if you receive a tax notice send it to your accountant for review before sending any payment or providing personal information.
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Red Flags For Tax Auditors
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The IRS can't audit every American's tax return, so it relies on guidelines to select the ones most deserving of its attention.
Here are six flags that may make your tax return prime for an IRS audit:
- Higher income, high chance of audit
- Deviations from the mean
- A business that is really a hobby
- Non-reporting of income
- Discrepancies between divorced spouses
- Claiming rental losses
Reminder:
If you are concerned that you may be subject to an IRS audit, Allied Financial Partners offers an Audit Protection Plan. Contact our office for more information.
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PUTTING TOGETHER YOUR ESTATE &
LONG-TERM CARE PLAN
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Is
your
plan right for you and your family?
Join
David Younis CFP®, Director of Financial Services at Allied Financial Partners, and
Marcus Kroll, Esq. of Kroll Law Firm, LLP, for a conversation to discuss the most pressing concerns regarding effective estate and long-term care planning.
Featured Topics Will Include:
- The importance of having a plan in place before you need one to ensure that your wishes are carried out according to your specifications.
- What documents to have in place to organize your affairs so they don’t become a burden for the people you love.
- How will you pay for your care; there are many options available, which is the right one for you?
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Thursday, March 26, 2020
6:00 PM - 8:30 PM
DoubleTree by Hilton
1111 Jefferson Road |Rochester, NY 14623
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When U.S. Supreme Court Justice Warren Burger died in 1995 he left a 176-word will that gave no specific power to his executors. As a result, he reportedly cost his estate tens of thousands of dollars in attorney’s fees.
Judge Burger’s case shows that even law-savvy individuals can make mistakes when it comes to writing their own legal documents. Giving executors the proper power is only one piece of the puzzle. How do you choose an executor? Can anyone do it? What makes an individual a good choice?
Click here
for some things to consider when selecting an executor for your estate.
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NetClient Portal Transition
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Over the summer we will be transitioning our tax portal to a new system.
When you are accessing your tax portal over the next few weeks please take the opportunity to download any documentation that is being stored there and save them with your personal records either on your system, external hard drive or cloud based storage.
Please note:
The intent of the portal system has shifted away from being a storage system to a way to safely transmit documents between Allied Financial Partners and our clients.
The NetClient CS portal will remain accessible until the end of 2020.
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the status of your state or federal tax return.
All you need is:
·
Tax payer social security number
·
Filing status
·
Refund amount
**Check to see if a pop-up blocker is preventing the tracker from opening a new page after your select Federal or your preferred state.
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Online Credit Card Payments
Payments to Tette, Ingersoll & Co. CPA PC and Allied Payroll Services can now be made online at
www.alliedfp.com
. Look for the
Make A Payment
button on the top right corner of our website. AFP accepts Mastercard, VISA and Discover.
Please note:
Electronic payments cannot be accepted for financial planning or investment services
.
Rochester Office New Address:
Our Rochester office has moved to 150 State Street, Suite 301A, Rochester, NY 14614.
We are located on the third floor, easily accessible by two elevators. Complimentary parking is available for our clients.
Click here for a map / directions to the Rochester office.
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IRS Tax Scam Reminder:
The IRS does not initiate contact with tax payers by email, phone or social media channels to request personal or financial information. If you receive a call like this do not provide any personal information.
For more details about Tax Scams, or to report a scam, visit the IRS website by
clicking here
.
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Upcoming Tax Filing Deadlines
- 03-16-20 - Partnerships & S-Corporations
- 04-15-20 - Individual & C-Corporations
- 05-15-20 - Exempt Organizations
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We want to hear from you!!
This eblast is written for the benefit of our clients. Please reply to this email with any topics of interest, questions or concerns you may have and we would be happy to address them.
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Is the content of this email relevant to you?
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BUFFALO | COOPERSTOWN | ONEONTA | PERRY | ROCHESTER | VICTOR
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Allied Payroll Services is bonded.
Securities offered through Registered Representatives of Securities America, Inc., a broker-dealer, member
FINRA
/
SIPC
. Advisory services offered through Securities America Advisors, Inc., a Registered Investment Adviser. Tax services provided by Tette, Ingersoll & Co., CPAs, PC. Allied Financial Partners and Tette, Ingersoll & Co., CPAs, PC are not affiliated with Securities America.
Securities America is unaffiliated with any other named entities or services offered.
To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth.
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