Written by Tweet Auditing is every working American’s worst nightmare. The pain of tax season is hard enough with pulling data together, painstakingly entering it on forms, or hiring a professional and waiting to be sure everything is done right without the risk of an audit. Millions of individuals and families in the United States face audits [...]
READ MORE »Posts tagged tax return
Married Filing ….
Written by Tweet After you say, “I do” you’ll have two filing status options to choose from when filing your 2012 tax returns: married filing jointly, or married filing separately. Married Filing Jointly You can choose married filing jointly as your filing status if you are married and both you and your spouse agree to file a [...]
READ MORE »Advantages of Filing a Tax Return Extension
Filing a tax extension may seem like an action that only irresponsible or unprepared people take, there are actually some advantages to the strategy. Many people actually use it to their financial advantage.
READ MORE »A letter from a Bookkeeper
Tweet A few weeks ago I received the following letter from a bookkeeper with a problem client…. (I changed the names for obvious reasons) Good Morning Bruce, My name is Joe Friday and I am the owner of BAM Bookkeeping. I am new to being officially self-employed and in my quest [...]
READ MORE »Clients, Time is running down
Tweet In order to allow adequate time to prepare your tax return, we need your tax return information in our office before April 4th. This is to make sure that your return is not hurried or rushed leading up to the deadline. For returns received on or after April 4th, an extension will probably be [...]
READ MORE »Should You File a Tax Return?
Tweet Do you ever wonder whether your income is high enough to warrant the filing of a tax return? Because the minimum income level varies depending on filing status, age, and the type of income you receive, it can be a bit complicated. Use the following guide to determine whether you must file a federal [...]
READ MORE »Do You Qualify for the Earned Income Tax Credit?
Tweet Millions of Americans forfeit critical tax relief each year by failing to claim the Earned Income Tax Credit, a federal tax credit for low-to-moderate-income individuals who work. Taxpayers who qualify and claim the credit could owe less federal tax, owe no tax, or even receive a refund. This year it’s even easier to determine [...]
READ MORE »Two or More States
Tweet If you work in two different states, you will file a tax return in both the states. One state is your Home Tax State with the other state being where you were/are a part year resident. Or as I get a lot of here in Kansas City, You live in one state and work in [...]
READ MORE »IRS on Publication 17
Tweet Five Facts about IRS Publication 17 While the Internal Revenue Service provides publications about a wide range of topics, there is one publication every taxpayer should have with them when they are preparing their federal tax return. Publication 17, Your Federal Income Tax is available at IRS.gov and contains a wealth of information for [...]
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 »
