We’re excited to welcome Jennifer Fanelli to KRS as a Senior Accountant. Jennifer joined the firm on July 1 and supports audit and assurance services for clients needing audits, compilations, or reviews. She’s also involved in tax work and steps in wherever needed to support...
Your three-digit FICO credit score is a key number. Lenders of all types, including those offering mortgage, auto, student, and personal loans, rely on your credit score to determine if you qualify for loans and at what interest rate....
Before you can determine whether an individual providing services should be treated as an employee or an independent contractor, you must consider all the relevant facts regarding the degree of control you have over the worker and the amount of independence the worker has....
Ruth Ithau joined KRS as a Staff Accountant in June 2025, after serving as an Administrative Intern earlier in the year. Her role now includes preparing and filing tax returns, recording client data through journal entries, and reconciling bank statements....
Shayna Jimenez is a new staff accountant here at KRS, where she supports our team across a range of needs. She contributed to 1099s and tax returns during busy season and is now focused on bookkeeping....
If you're selected for an IRS audit, it's natural to feel uneasy. However, it's important to know that the IRS cannot probe into your personal life without valid cause. Unless there is a strong indication that you've failed to report income, the IRS is restricted...
Many affluent families believe that their financial affairs are straightforward, leading to frustration over the lack of immediate access to comprehensive financial information for liquidity, budgeting, tax planning, and investment management purposes....
Getting a letter from the IRS can be unsettling, but it doesn’t have to be a headache. Most of the time, the IRS is just trying to clear something up or get additional information. Here’s what to do if one shows up in your mailbox:...
We’re pleased to welcome Candace Mapp, who joined KRS as an Administrative Assistant in February. In this role, she supports day-to-day operations and helps ensure things run smoothly behind the scenes....
Who qualifies for the extended deadline? You get this two-month extension (from April 15 to June 16) automatically if either of these apply: You live and work outside the U.S. and Puerto Rico, or You’re serving in the military outside the U.S. and Puerto Rico. To use...
