May 2022
Featured Article From Our Experts
Why Won’t the IRS Talk to Me?

The ripple effects of the pandemic have been felt by everyone—and that includes the IRS. If contacting them before the pandemic was difficult, it is much more difficult now. In this article, I will explain why you may have a hard time reaching them and what you should do if you are facing an issue that requires their help.

Hiring Your Minor Children for Summer Jobs 
Business owners may be able to hire their minor children this summer and get tax breaks and other nontax benefits. Plus, the kids also benefit by gaining on-the-job experience, learning practical skills and, at the same time, learning how to manage money. This article discusses some of the tax savings for business owners and provides a sidebar on how the earned income can help young workers get an early start on funding a retirement plan. 
After Filing Your Taxes, What Records Can You Toss?
Taxpayers who have filed their 2021 tax returns may be eager to start clearing out some tax-related paper clutter. Paring down is a good idea, as long as essential records that may be needed in the event of an IRS audit are kept. Some documents may help with collecting a future refund or assist taxpayers with filing next year. This article provides an outline of the documents that should be kept, for how long, and the papers that can be thrown away.
To Get an “Early” Refund, Adjust Your Withholding
Everyone loves a juicy tax refund, but why wait to receive the money? By adjusting one’s withholding and/or estimated tax payments, a taxpayer can enjoy that money throughout the year. This article lists some circumstances under which adjustments are particularly advisable and explains how to make changes.
Sending the Kids to Day Camp May Bring a Tax Break
Among the many challenges of parenthood is what to do with the kids when school lets out. Parents who choose to send a child to day camp may qualify for a valuable tax break: that is, the child and dependent care credit. This article explains why tax credits are so valuable and how eligibility for this one is determined.
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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Throughout this forty plus years' history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients, and it's also the most significant way we can contribute to their long-term success.

To learn more about Dannible & McKee, visit us at: www.dmcpas.com.