Inherited IRAs bankruptcy protection

Good news for people going through bankrupty who have anInherited IRAs! Reversing a bankruptcy court, a district court has concluded that a debtor’s inherited IRA met the requirements for a bankruptcy exemption under 11 USC 522(b)(3)(C). (Clark, Brandon C., In re , (2012, DC WI)109 AFTR 2d 2012-405) Bankruptcy exemption requirements. A bankruptcy exemption under […]

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IRS finds underreporting of retirement income

TIGTA audit focuses on underreporting of retirement income [Audit Report No. 2012-30-011]:  Just small improvements in IRS’s examination of tax returns with retirement income could increase compliance and generate substantial revenue, the Treasury Inspector General for Tax Administration (TIGTA) said in an audit released on Feb. 7. According to the audit, for tax years 2008 […]

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The Perfect Brain (c)2012 Where to find instructions & Forms

Clients have asked where can I find the blank forms (front & back), example of how to use the forms, and instructions.  CLICK HERE FOR THE SYSTEM

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A Perfect Time Management and Control System

The Perfect Brain © 2012  by Jeffrey Brooks (all rights reserved)  Version 02-08-12 Part 1: Instruction manual. Example of how to use the form and a copy of the form can be found under “More Time..”   at jeff@jbrookscpa.com Why did I call my proven system “The Perfect Brain”?      Your brain would be perfect if […]

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2012 Presidential Election – Talk of Tax Reform

(#25) Talk of Tax Reform again during the 2012 Presidential Election. Will taxes really go down?  I have been preparing income taxes for clients since 1980.  Every four years, Presidential candidates knowing that no one is in favor of higher taxes (except maybe for Warren Buffet).  First, we have too large deficits.  Second, social security […]

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What Do I Do If I Am Audited?

(#24) What do you do now that you are  audited?  By Jeffrey Brooks, CPA 602-292-2009 First, my condolences!   My clients have had much fewer audits than the national average.  I pride myself in not just reviewing the tax returns for additional tax savings but also looking for ways to avoid an IRS audit. But now […]

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IRS Audit Landmines & IRS Matching Audit Letter

(#23) Part 1: IRS AUDIT LANDMINES TO AVOID Part 2: Did you receive an IRS tax notice showing a difference between what you reported as income and what the IRS shows? Part 1: Here is a copy of an email I sent to a doctor who was using another CPA firm: Dear______: 1. The business […]

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5 Minute Quick Tools to Gain More Time (Part 2)

 My goal is to help you feel more in control and make a positive difference in your life! I believe I have been financially successful (you can be too!) by replacing bad, non-productive habits, with productive habits.  Have you heard of the saying “yard by yard is hard..inch by inch is a cinch”?  When you find what works for you […]

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5 minute Quick tools to Gain more time (Part 1) by having an Outlook routine

Unconscious habits make up 99%  of our time.  You will gain more time by discovering through trial and error what works best for you.  Your brain is always looking for better ways.  Our ancestors were always looking for better tools. Our minds and bodies have not changed in 100,000 years. I like Outlook ™ because […]

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Why knowing how your brain works will help you increase success and happiness!

 #26 Your Brain at Work by David Rock  has been very useful to me. I bought the audio from audible.com and I have listened to it while working out on the Eliptical.  Each chapter opens with a snapshot of work life and how it usually goes wrong then the author follows up by explaining why, according to […]

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About Jeffrey Brooks

Jeffrey Brooks, CPA, CFP, MBA since 1976 has specialized in helping clients save significant taxes, help businesses increase their cash flow, revenues and profits while increasing their control and satisfaction. Jeff and his accounting firm sincerely cares about the happiness of his clients.

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JBrooks Wealth Advisors, PC.

Certified Public Accountant
Address: 4647 N 32nd Street, Suite B245
Phoenix, Arizona 85018
Phone: 602-292-2009
Email: jeff@jbrookswa.com