Written by Tweet 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 [...]
READ MORE »Posts tagged irs
How I answered the letter
Tweet Mr. Joe friday, Your clients are surely not unique, unfortunately. I understand your issues and concerns I will address them for you as best I can. As a RTRP or EA if you suspect or are knowledgeable of a miss-reporting of income, it is your responsibility to report that to the IRS. [...]
READ MORE »Get this fixed. . .
Tweet Today I received notices from my local IRS Sr. Stakeholder Liaison. In his bulletin I found attached three documents/fliers on different things. The two that bother me are bulleted below. Preparer e-File Mandate: Paid tax return preparers that prepare 100 or more individual or trust returns in 2011 will be required to e-file. That [...]
READ MORE »Electronic Filing Mandate
Tweet The IRS has been making changes to the Electronic Filing Mandate that originated in H.R. 3548 as predicted when it first came out. At this point in time they are saying for this next tax season they “anticipate” asking requiring preparers who do 100 or more returns to file electronically and then lower that [...]
READ MORE »What Tax Form Do You Need To Use?
Tweet To file your 2009 individual tax return, you’ll have to decide which form to use…unless you e-file (Highly recommended). If you file electronically, the software should automatically select the simplest and best form for you. Whether you use e-file or prepare on paper, using the simplest form will help avoid costly errors [...]
READ MORE »Five Important Facts about Dependents and Exemptions
Tweet When you prepare to file your 2009 tax return, there are two things that will factor into your tax situation: dependents and exemptions. Here, the IRS gives you five important facts that you should know about dependents and exemptions before you file your 2009 tax return. If someone else claims you as a [...]
READ MORE »Special Edition Tax Tip 2009-12
Tweet Well not the post I was hoping to get out next, but when you have days. . . . Below is a copy of an e-news release. I am busy trying to get the blog rolls up and complete today or at least for another hour or so. I hope to work on [...]
READ MORE »An IRS reminder.
Tweet The IRS (as stated below) says they had 107,831 refund checks returned to them because of incorrect addresses. {Is yours one of them?} This resulting in over 123 mil. Due to taxpayers who over paid. [okay 123.5 million divided by 107,831, equals and average refund amount per check of $1,1453.31] Are you one [...]
READ MORE »Form 1040 “New for 2009, Filing”
Tweet Well the IRS has released its “draft” of the 2009 Form 1040. Clicking the photo on the right will take you in a new window so you can see it if you like. The only change in the “Income” section is line 19. It is still for “Unemployment compensation”, but they added the [...]
READ MORE »A little Professionalism, if you please.
Tweet Earlier this past week I noticed a post(1) from a blogging colleague. I mention this as although his said intentions were set and designed to inform taxpayers, I found not only a few things wrong with the post, but also felt like the post was an attack. The attack was not to just [...]
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