Author Archives: cozbycpa

About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.

Here’s What People Should Know about Taking Early Withdrawals from Retirement Plans

The following article was published by the IRS. Taxpayers may need to take money out of their individual retirement account or retirement plan early. However, this can trigger an additional tax on top of other income tax they may owe. … Continue reading

Posted in Investing, IRS, Personal Finance, Personal Taxes, Planning Strategies, Retirement, Tax Tips, Taxes | Tagged , , , , , , , | Leave a comment

Dumb Mortgage Moves

While mortgage rates have risen slightly from their recent historic lows, they are still cheap. This may be a great time for you to take out a mortgage, whether it be for a new house or simply to refinance. Regardless … Continue reading

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Some S Corporations May Want to Convert to C Corporations

The following article was published by the IRS. After last year’s tax reform legislation, some S corporations may choose to revoke their S election to be a C corporation because of the new, flat 21-percent C corporation tax rate. Before … Continue reading

Posted in Corporate Taxes, IRS, Self-Employed, Small Business, Tax Law Changes, Tax Tips, Taxes | Tagged , , , , , , , , | Leave a comment

Filing Status

This video was published by the IRS. One of the first things to figure out with your taxes is what filing status to use. What counts is your status as of December 31, not any other time of the year. … Continue reading

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IRS Dispels Five Myths about Tax Refunds

The following article was published by the IRS. The Internal Revenue Service understands that taxpayers are anxious to get details about their tax refunds. This has led to a number of common myths about refunds that often circulate on social … Continue reading

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How to Max Your Social Security

If you are looking to maximize your Social Security, the best time to start looking at it isn’t once you’ve retired – it’s right now. Here are a few steps: Understand how Social Security works. Your Social Security payout is … Continue reading

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“Where’s My Refund?” Tool Lets Taxpayers Check Status of Their Refund

The following article was published by the IRS. The best way for taxpayers to check the status of their refund is to use the Where’s My Refund? tool on IRS.gov. This tool gives taxpayers access to their tax return and … Continue reading

Posted in IRS, Personal Finance, Personal Taxes, Tax Refunds, Tax Tips, Taxes, YouTube | Tagged , , , , , ,