Entries by Gramkow, Carnevale, Seifert & Co., LLC Seifert & Co., LLC

Taxpayers Should Stay Alert Because Scammers Don’t Take A Summer Vacation

While many people take summer vacations, data thieves do not. Phishing emails and telephone scams continue to pop up around the country. The IRS reminds everyone to be vigilant to avoid becoming a victim. Here are some things for taxpayers to remember so they can keep their personal data safe: The IRS does not leave […]

What You Should Know: Common Questions Regarding Social Security and Medicare

How are my Social Security benefits calculated? Your monthly benefit amount is based on your highest 35 years of earnings. Your low earnings years in the beginning of your career are dropped. If you do not have 35 years of earnings, your monthly benefit will be reduced since years without earnings are not counted. You can […]

Equifax Hack – What You Should Know

Recently, 143 million Americans were affected by the security breach at Equifax from an online hacker organization.  While these hacks seem to occur more and more frequently, the widespread nature of this attack will most likely affect you or someone you know.  Below, we have summarized the steps you should consider taking to prepare yourself […]

New Jersey Employer Unemployment and Disability Tax Rates for the fiscal year 2017-2018

The New Jersey Department of Labor (“NJ DOL”) has begun mailing the New Jersey State Unemployment Insurance (“SUI”) and Disability Insurance (“TDI”) annual Rate Notices to all employers.  Upon receipt, a copy of this Notice should be provided to your payroll service provider. These Rate Notices cover the fiscal year July 1, 2017 through June 30, […]

Claiming Social Security at 70 may not always be the Best Choice

When it comes to Social Security, while delaying claiming until 70 is generally a good idea; it is not always the best choice. We can help you not only by “running the numbers” but by developing a detailed claiming strategy for you. Did you know that the much publicized “restricted filing” option has actually not […]

How to Maximize Your Social Security Benefits

For most Americans, Social Security is a significant retirement asset. Although an ideal retirement scenario does not depend solely on Social Security, the importance of Social Security as part of a comprehensive retirement plan cannot be ignored. Getting your arms around Social Security can be very complicated. Let us help you deal with the complex […]

Protecting Yourself against Tax-Related Identity Theft

Tax-related identity theft continues to be an ever-growing national crisis.  The Government Accountability Office (GAO) estimated that in tax year 2013, fraudulent tax refunds misdirected to identity thieves was about $5.8 billion and impacted over 2.4 million U.S. taxpayers.  Unfortunately, this fraudulent activity has continued to rapidly expand since 2013.  All taxpayers must be diligent […]

Details and Analysis of the Trump Tax Reform Plan

Now that Donald Trump has been elected President of the United States, we thought it would be helpful in connection with your 2016 year-end and future tax planning to summarize the key proposals in his tax plan proposals made during the campaign. Changes to Individual Income Taxes: Consolidates the current seven tax brackets into three, with […]