Levine, Jacobs & Company, LLC, Senior Member Interviewed By NJBIZ
Michael H. Karu, CPA/CFF discusses how to trim tax bills and avoid a potential audit.
- Newark, NJ (1888PressRelease) October 12, 2022 - Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC., was quoted by NJBIZ in two articles, “Don’t Give The IRS a Reason to Look at You’”, and “Last-Minute Tips For Trimming Your Tax Bills,”; where he gave advice on how to reduce upcoming tax bills and how to avoid a potential audit.
Throughout the article, “Don’t Give The IRS a Reason to Look at You”, Karu spoke about the importance of not fudging one’s taxes. Generally, the IRS has three years to audit a return, but in some cases that can be extended to 10 years,” he noted. “Concerns about more audits due to the planned increase to IRS’ budget may be overblown, though.”
As explained in a later article, “Last-Minute Tips For Trimming Your Tax Bills,” he explained the process of depreciation. He stated, “Bonus depreciation is still in effect until Dec. 31 of this year, so a business owner who is planning to buy qualified assets early in 2023 may want to accelerate the purchase to this year. Even if you’re financing the purchase and paying it off over multiple periods, you can generally take the full write off this year.”
To read the articles, please click here: https://bit.ly/3yRiIkT and https://bit.ly/3T5SsLH
To speak with and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr ( @ ) verizon dot net dot
Michael H. Karu, CPA/CFF, is a senior member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics.
Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
Media Contact:
Amy Delman
Amy Delman Public Relations, LLC
201.563.4614
amydelmanpr ( @ ) verizon dot net
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