Frazer LLP Blog

Jeff C. Jones, CPA

Jeff Jones has more than three decades of experience in tax and financial matters. He provides tax consulting services to successful business owners and their families. Jeff consults with clients on real estate matters including the purchase, sale and exchange of real estate. He also consults on wealth management, estate planning, tax controversy matters, the sale of businesses, financing transactions, insurance, money management, entity formation and selection, real estate consulting and tax deferred exchanges, estate planning and transactional planning.
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Recent Posts

Beware of New Tax Scam

Sep 30, 2016 4:06:52 PM / by Jeff C. Jones, CPA posted in Tax, CP-2000 Letters, Tax Scam

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A new scam is being circulated to taxpayers:

The IRS has warned that a new scam uses fraudulent notices (CP-2000 letters) to try and extract money from taxpayers. These fraudulent notices look convincing. The balance due amounts are generally low enough that taxpayers may be inclined to pay the amount requested rather than contact their accountants.  

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Pre-Immigration Tax Planning for Non-Resident Aliens

Mar 17, 2016 12:30:00 PM / by Jeff C. Jones, CPA posted in Tax, Non-Resident Aliens, Immigration

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With increasing frequency our firm consults with foreign individuals (in U.S. tax law parlance, Non-Resident Aliens or NRA’s, aka foreign nationals) who are considering immigration to the United States.  Many of these NRA’s are wealthy and hold significant businesses, income-producing real estate, and liquid assets, in addition to their residence in their foreign country.

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Gearing Up for the Affordable Care Act’s Reporting Requirements

Nov 9, 2015 1:25:36 PM / by Jeff C. Jones, CPA posted in ACA, Affordable Care Act

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Starting in 2016, applicable large employers (ALEs) under the Affordable Care Act (ACA) will have to file Forms 1094-C and 1095-C to provide information to the IRS and plan participants regarding their health care benefits for the previous year. Both the forms and their instructions are now available for ALEs to study and begin preparations for required filings. In addition, organizations that expect to file Forms 1094 and 1095 electronically can peruse two final IRS publications setting out specifications for using the new ACA Information Returns system.

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Are You Ready for the New ACA Employer Reporting Requirements?

Nov 3, 2015 5:24:52 PM / by Jeff C. Jones, CPA posted in Affordable Care Act

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Beginning in 2016, large employers (those with 50 or more employees) must file Forms 1094 and 1095 to provide information to the IRS and plan participants about health coverage provided in the previous year. The forms are used by the IRS to enforce the Affordable Care Act’s (ACA’s) shared-responsibility (or “play or pay”) provision, as well as individual mandate and tax credit eligibility rules.

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Donating Collectibles? What You Need to Know

Aug 27, 2015 10:27:07 AM / by Jeff C. Jones, CPA posted in Tax, Donating Collectibles

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If you’re a collector, donating from your collection instead of your bank account or investment portfolio can be tax-smart. When you donate appreciated property rather than selling it, you avoid the capital gains tax you would have incurred on a sale. And long-term gains on collectibles are subject to a higher maximum rate (28%) than long-term gains on most long-term property (15% or 20%, depending on your tax bracket) — so you can save even more taxes.

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