Linkenheimer Wins Gold in North Bay Biz Best of Awards
Linkenheimer would like to thank our clients, staff, families, friends and community for their votes and support in this year’s Best of Award. We are truly grateful for the relationships that have developed over the [...]
IRS Reminds Businesses of Cash Transaction Reporting Requirement
Businesses, including sole proprietors, in any U.S. possession or territory must report a cash transaction exceeding $10,000. The transactions are reported on Form 8300, which must be filed within 15 days of the transaction. A [...]
Health Savings Accounts (HSAs)
HSAs allow eligible individuals to make deductible contributions that can be withdrawn tax-free later to reimburse the individual for eligible medical expenses. For 2016, the limitation on HSA deductions is $3,350 for an individual with [...]
Small Business Tax Credit for 401k Startup Costs
There is a $500 tax credit for companies who start up a 401k plan. The credit can be taken for three years, and can be started the year BEFORE the 401k plan begins. Startup costs [...]
April 15th- Some Tax Day Fun
While for some, April 15th conjures up feelings of stress, writing large checks and general anxiety. Or if you're a CPA, utter relief and celebration... The world of taxes is a complex maze to navigate. Regarded [...]
IRS Tangible Property Regulations and What We Can Do for You
This tax season, we are diligently working with our clients to analyze depreciation schedules with the new IRS Tangible Property Regulations in mind. The effort has paid off with finding over $3,000,000 of additional deductions [...]
IRS Ignoring Taxpayers’ Phone Calls
IRS Ignoring Taxpayers' Phone Calls, But Reducing Application Backlog for Tax Exempts: Speaking at the National Press Club on 3/31/15, IRS Commissioner John Koskinen said the IRS is ignoring more than 60% of taxpayers' phone [...]
Linkenheimer Teams up with the Human Race
THE HUMAN RACE -- "Take a Walk on the WILD Side!" To our friends,family and clients, Do you know that nearly 80% of Nicaraguan’s live on less than $2 a day and the vast majority are [...]
IRS Clarifies Tangible Property Regulations
IRS Clarifies Tangible Property Regulations: The IRS has released new answers to Frequently Answered Questions (FAQs) on the final tangible property regulations, including information on simplified procedures for small business taxpayers. The FAQs provides guidance [...]
IRS Sending out ID Verification Letters
IRS Is Sending out Identity Verification Letters to Possible Identity Theft Victims: Â In its efforts to combat identity theft, the IRS is stopping suspicious tax returns that have indications of being identity theft, but contain [...]