Well here we are, January and it is time to start getting your tax information ready. But what do you need? Twelve months have passed. With the economy the way it is many have already been thinking about their taxes, some haven’t.
Getting things ready to take in to your tax preparer is sometimes a gruelin [...]
Rob Teuber is an attorney with the law firm Weiss Berzowski Brady LLP and author of the tax law blog www.federaltaxlawforum.com.
I deside to repost this as it would seem the information has been forgotten.
Choosing the Right Representative to Help You with Your Federal Tax Problems.
When you or your business is faced with tax problems [...]
Due to an unexpected need to be away from my office I am forced to just put this repost up. I’ll be back by Sunday.
Making Work Pay tax credit
April 1st was implementation day for the Making Work Pay tax credit, and it wasn’t an April Fool’s joke. The American Recovery and Reinvestment Act of 2009 (ARRA), Congress’ [...]
Okay, things have settled and for the most part organized. Taking up this blogging thing again as before; Monday, Wednesday, Friday, with a recap of the past week on Sunday’s. I have missed being active regularly and I have been missed, but things are going strong again.
For my readers who have hung with me than [...]
As a tax preparer I am often asked what is the difference between a tax attorney, an accountant/CPA, a bookkeeper, an Enrolled Agent, and a tax preparer.
A Tax Attorney is not the same as an accountant. The accountant can work with the financial issues and has a general knowledge of tax laws; however a tax attorney is a specialist in al [...]
This is of course could be the greatest misunderstood of filing statuses. Or at least one would think considering how many misuse the claim. Let’s examine so you don’t make this mistake.
The IRS defines this as:
Head of Household
1. You are unmarried or “considered unmarried” on the last day of t [...]
How are you supposed to know? This is a re-post for your tax planning needs. A few easy steps and some light planning can help you figure this out.
What you need to know:
If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essenti [...]
Well, technically, any gas, parking, tolls that are under $75.00, you don’t need a receipt to back up each claim. Meaning if you claim $140.00 in gas and you filled up four times you won’t need the receipts to back that up in an audit. Personally I just find it easier to keep all my receipts so that I have an easy way to [...]
Being audited really isn’t the worst thing in the world if you are totally honest when filing your taxes. Should you be audited and it is found that you have made an honest mistake, don’t panic. You might be penalized with affordable fines or merely told to correct the mistake. The IRS rarely burns those who practice honesty a [...]