The Mid-Year Tax Tune-Up

So April 15 has come and gone, and income tax is off your mind until next spring. However, summer is a great time to think about last tax year and adjustments you can make with time for these to take […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Alternatives to a Roth IRA

High-income households may find retirement savings beyond the 401(k) method daunting. Depending on tax filing status, higher income earners may contribute after-tax amounts to a Roth IRA, thanks to recent Internal Revenue Service changes. Notice 2014-54 outlines how pre- and post-tax […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Spend Your Refund Wisely

Your tax refund really represents the amount you overpaid for the previous tax year. That’s your money that’s been sitting idly in a government bank account. Your cash was busy earning interest for said government while waiting to be reunited […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Are Cash Back Cards Worth the Effort?

The popularity of cash back and other types of reward credit cards is unquestionable. Whether cash, points, or travel miles, every week brings another glitzy offer. But what do these cards really offer, and — perhaps more importantly — what […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Balance Transfer Credit Cards: Friend or Foe?

Balance transfer credit cards permit you to move a credit card balance from one lender to the balance transfer card lender. This may be a good idea during a promotion period, where the receiving card offers a discounted interest rate […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

What is LIBOR and How Does It Affect Me?

An acronym for London InterBank Offered Rate, LIBOR is the benchmark interest rate international banks use for loans between each other. There are separate rates for one-day, one-month, three-month, six-month as well as one-year loans. The news agency Reuters publishes […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Does Trump’s ACA Order Affect Me This Tax Season?

There’s much confusion about what the President’s executive order about the Affordable Care Act, issued on January 20, 2017, really means in substantive terms. While it’s been clear for some time that the Republican party’s stance is full repeal, that’s […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Debit Cards: Advantages and Disadvantages

The English language has some funny properties and word associations. The word “debit,” for example, seems to carry a permanently negative connotation. Debits seem bad, liabilities, even though every line in double entry accounting is both a debit and a […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Paying for School – The 529 Plan

Like everything else, the cost of post-secondary education rises each year. Young parents can be overwhelmed at the prospect of this major, down the road expense. There’s no real magic solution. If there’s magic at all, it’s in the effects […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.