Levine Jacobs & Company Member Quoted On Personal Finance Portals

Top Quote Michael H. Karu offers advice on filing separately even while married. End Quote
  • Newark, NJ (1888PressRelease) March 25, 2020 - Michael H. Karu, CPA/CFF, Member, Levine Jacobs & Company, LLC, offers insight into the process of switching from joint to separate filing as a married couple during tax season.

    In the article, ‘How do I get proper credit for estimated tax payments?’, published by NJ.com and NJMoneyHelp, Karu highlighted the complications that can arise from changing how the IRS allocates the credit for paid taxes between spouses and the best way to ensure that both individuals get the necessary credit.

    Karu counsels to be as specific as possible in the request and to include copies of the estimated tax payments. “To have the payments applied in the manner you prefer, you must contact the IRS directly, either by phone or by mail. Certified mail works the best because you have a record of exactly what was requested,” he advised.

    To read the article, please click here.

    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 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.”

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