Heather Palermo

Author profile for Heather Palermo of Kaizen CPAs + Advisors. On this page you can see all the blog posts that Heather Palermo has written.

Who Can You Rightfully Claim as a Tax Dependent?

Do you ever wonder who you can rightfully claim as a dependent on your tax return and whether or not they qualify as a dependent?

Read More

Donating to Charity

If you support certain causes throughout the year, your gift might be tax deductible and reduce any tax you owe. If you want to claim a tax deduction...

Read More

Papers, Papers & More Papers, Oh My!

Suggested Record Retention Guide for Businesses Isn’t it such a great feeling heading into the new year being prepared? All the clutter is cleaned...

Read More

Are Your Child Care Expenses Deductible?

According to the U.S. Department of Agriculture, to raise a child born in 2013 to the age of 18, it will cost an average couple $245,340. Luckily,...

Read More

The 10 Tips to Know if You Get a Letter from the IRS

The IRS mails millions of notices and letters to taxpayers each year. There are a variety or reasons you may receive a notice. Please read the...

Read More

Fighting Identity Theft is an Ongoing Battle

Since 2011, the IRS has been involved with 19 million suspicious tax returns due to identity theft. Fighting identity theft is an ongoing battle as...

Read More

Last Minute Tax Planning Change

Last Friday, December, 19, 2014, the President signed into law the “Tax Increase Prevention Act of 2014.” This Act contains last minute, retroactive...

Read More

New Repair Regulations Revisited

Now that the year is coming to an end, we would like to revisit the new repair regulations. The IRS has decided that we need to determine whether to...

Read More

Wealth Transfer

Even as Congress continues to tinker with year-end tax breaks and incentives, it is never too early to begin addressing legacy planning issues. Many...

Read More

How do you Protect Yourself from Tax-Related Identity Theft?

A recently-released survey by taxAudit.com of 2,000 Americans on the subject of tax scams noted that nearly 80 percent of Americans feel vulnerable...

Read More