The Tax Handlers

The Tax Handlers This page is designed to engage our clients and fans with the latest and greatest tax savings advice
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LLJ Accounting/ TheTaxHandlers.com is a full service tax, accounting and business consulting firm servicing Sarasota to Hillsborough county FL. Linda and Robin are your local Sarasota Accountants with over 40 Years of combined experience. We are a Sarasota accounting firm that offers a broad range of tax services for business owners, executives and independent professionals.

Thinking about retiring early? Here are things to consider.
04/19/2024

Thinking about retiring early? Here are things to consider.

In an effort to assist in planning for retirement, there are a number of provisions in the tax code that benefit those who wish to retire early. Here are a number of tips.

04/15/2024

If you are my client all extensions filed today no need to call . We got you !

Time to make an estimated quarterly tax payment!
04/12/2024

Time to make an estimated quarterly tax payment!

Reminder: Tax returns AND first quarter estimated taxes are due by Monday, April 15th.

IRS notices are raining down into mailboxes on April 1. It is causing lots of concern. Here is what you need to know.
04/05/2024

IRS notices are raining down into mailboxes on April 1. It is causing lots of concern. Here is what you need to know.

When the IRS turned on mailing notices after a long hiatus, it appears little to no review was undertaken. This is causing alarming results for many taxpayers.

Text your tax knowledge with this fun quiz about what is - and is not - taxable. Also read about tips to keep your pleth...
04/03/2024

Text your tax knowledge with this fun quiz about what is - and is not - taxable. Also read about tips to keep your plethora of passwords under control.

If it seems like our tax code is complicated and confusing, well, it’s sort of true. And Congress keeps adding to this complexity with what seems like an ever-growing list of what is and is not taxable. With the April filing deadline right around the corner, this month’s newsletter has a...

Pay attention or you could lose all or part of this $250,000 or more tax deduction!
03/29/2024

Pay attention or you could lose all or part of this $250,000 or more tax deduction!

When does a tax benefit not become a tax benefit? When you assume you no longer need to keep track of something. This is the case with the home gain exclusion.

Getting your tax refund quickly is on the minds of millions this time of year. Here is what to expect and how you can ke...
03/22/2024

Getting your tax refund quickly is on the minds of millions this time of year. Here is what to expect and how you can keep track of yours.

Once your tax return is filed, it is often a waiting game to get your refund. Here is what to expect AND what you can do to keep track of your refund status.

Some audits are unavoidable, but many are by being thorough and prepared WHEN you file your tax return. Here are some su...
03/15/2024

Some audits are unavoidable, but many are by being thorough and prepared WHEN you file your tax return. Here are some suggestions.

Here are ideas to avoid some of the more common audit triggers.

03/08/2024

New rules for deducting mortgage interest are causing confusion and adding additional documentation. It's more important than ever to understand the numbers on your tax forms.

Bromeliads in bloom. They close up at night and open in the morning , threw in an orchid for good measure
03/06/2024

Bromeliads in bloom. They close up at night and open in the morning , threw in an orchid for good measure

03/06/2024

Filing your tax return may be delayed if you're missing these items. Read more here. Also learn how to build your emergency fund when money is scarce, and moves to consider when interest rates change.

03/01/2024

Time is short to file your S corporation or partnership tax return. The due date is March 15. Here's why you need to file on time.

Year end is a great time to make sure your tax deductions have the documentation necessary to prove your deduction.
02/23/2024

Year end is a great time to make sure your tax deductions have the documentation necessary to prove your deduction.

Very few banks return your cancelled checks. So what do you need to do if required by the IRS to prove your deductions? Often this means staying ahead of the game at year-end.

To avoid capital gains tax on the sale of your primary residence, you must have owned and lived in it for at least two o...
02/16/2024

To avoid capital gains tax on the sale of your primary residence, you must have owned and lived in it for at least two of the past five years.

The possibility of capital gains tax should be understood before selling your residence. Tax surprises here could be costly!

Your tax return is STUCK. Here are the common reasons...
02/09/2024

Your tax return is STUCK. Here are the common reasons...

One of the most frustrating things during tax season for taxpayers AND professionals alike, is delays in filing your return. Here are the most common causes for delays.

02/07/2024

If something of value changes hands, you can bet the IRS considers a way to tax it. Here are six taxable items that might surprise you. Also consider these tips to improve your credit score.

Tax surprises are never fun, especially when they occur when you’re preparing a tax return. In this month’s newsletter, read about six surprising items that you may not know are taxed. Also read through several tips for improving your credit score, avoiding penalties when withdrawing fro...

Hint. This simple review can readily lower your taxes.
02/02/2024

Hint. This simple review can readily lower your taxes.

One of the most often overlooked places to lower your taxes is your paycheck. Here are some tips.

Now is the time for tax-related identity theft. Be on alert!
01/26/2024

Now is the time for tax-related identity theft. Be on alert!

Be on your guard as the IRS identity theft season starts in late January. Here's what you need to know.

File this new federal report or pay the fine. Read on.
01/19/2024

File this new federal report or pay the fine. Read on.

The Corporate Transparency Act creates a new beneficial ownership reporting requirement to help expose shady companies. And most businesses must comply. Here is what you need to know.

The IRS increased the standard business mileage rates for 2024. Here are the details.
01/12/2024

The IRS increased the standard business mileage rates for 2024. Here are the details.

Here are the standard mileage rates for 2024

Reminder: Q4 estimated tax payment is due Tuesday, January 16, 2023.
01/05/2024

Reminder: Q4 estimated tax payment is due Tuesday, January 16, 2023.

Plan now to make your 4th quarter estimated tax payment.

Great tips to make your tax filing hassle free!
01/03/2024

Great tips to make your tax filing hassle free!

A new year means filing your 2023 tax return is right around the corner! With tax documents such as W-2s and 1099s arriving soon in your inbox and mailbox, this month’s newsletter has some tips to help stay organized this tax season. This will help you file your tax return (and potentially get...

Happy new year! Here are some tax ideas to get you started right.
12/29/2023

Happy new year! Here are some tax ideas to get you started right.

The holiday season is over and the new year is upon us. Why not consider starting the year with some tax smart ideas.

Having a new baby or know someone who is? Here are some tax saving tips everyone should know
12/22/2023

Having a new baby or know someone who is? Here are some tax saving tips everyone should know

Babies and kids bring plenty of upheaval to the lives of parents. Thankfully they also bring some breaks parents can use to reduce their tax burden, and friends and family can help! Here are some tips everyone should know.

Need to know what information the IRS has on you? Transcripts, tax return copies and other documents are available from ...
12/15/2023

Need to know what information the IRS has on you? Transcripts, tax return copies and other documents are available from the IRS. Here is how to get them.

It is now easier than ever to get access to your IRS records and see what vendors and employers have submitted to the IRS. Here is what you need to know.

Now is the time to plan next year's retirement contributions. Here's what you need to know.
12/08/2023

Now is the time to plan next year's retirement contributions. Here's what you need to know.

2023 contribution limits are set for retirement plans. Now is a good time to plan for your upcoming retirement contributions.

There's still time to lower this year's tax bill with these ideas, plus some tax surprises to be on the lookout for. All...
12/06/2023

There's still time to lower this year's tax bill with these ideas, plus some tax surprises to be on the lookout for. All this plus a fun holiday quiz to impress family and friends!

The temperature isn’t the only thing falling this time of year. Your 2023 tax bill can also be falling with a little bit of proactive planning, but time is running out! To help you make the most of potential tax saving moves before the end of the year, this month's newsletter features several...

Another late law change impacts what the IRS will see regarding small business activity for individuals that often don't...
12/01/2023

Another late law change impacts what the IRS will see regarding small business activity for individuals that often don't think they are in business. Here is what you need to know.

If you sell concert or sporting event tickets, sell items on Amazon or eBay, or accept payments using digital tools like Venmo...READ THIS!

The window to lower your taxes is quickly closing. Here are tips to know when you need a review.
11/24/2023

The window to lower your taxes is quickly closing. Here are tips to know when you need a review.

There is still time left in the year to impact your tax obligation, but only if you act soon. Here are some key triggers that mean a planning session might be in order.

Sales to related parties, like children, grandchildren and siblings can cause tax trouble if you aren't careful. Before ...
11/17/2023

Sales to related parties, like children, grandchildren and siblings can cause tax trouble if you aren't careful. Before you act, call to discuss the specifics of your transaction.

Selling property to family is a common practice, but these transactions can have some unfavorable consequences if not planned for in advance. Here are four common related party situations and tips to help you avoid tax trouble.

Address

4509 Bee Ridge Road, Unit A
Sarasota, FL
34233

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm

Telephone

(941) 377-6797

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