February 7, 2013 – 10:50 am
Its tax time and that means you need a good Phoenix tax lawyer. A tax attorney can help you by managing your taxes, maximizing your taxes by finding exemptions and tax benefits and even ensuring that any IRS tax problems are managed quickly and effectively. However, for this, you do need to find a talented professional tax lawyer and we have created a short guide just for this reason.
Step no 1 – Ask around with friends and family to find a reliable lawyer. People who are happy with their lawyers are always happy to recommend them.
Step … Read the rest
By Steve
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Also posted in tax extensions, tax filing, tax forms
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Tagged American Bar Association, internal revenue service, Law, Lawyer, Phoenix, Phoenix Arizona, Services, Tax, Tax law, United States
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When an individual works for themselves, he or she is considered self-employed for taxes, which means the individual is responsible for paying and filing taxes on a scheduled basis. These individuals will have some advantages and disadvantages at tax time.
Five Tips For Self-Employed Taxpayers
- A self-employed individual will have to pay income and self-employment tax. The self-employment tax includes Social Security and Medicare taxes. Normally these taxes are withheld from an individual’s wages, but a self-employed individual will have to pay these taxes by filing a Form 1040 Schedule SE. However, the individual does get to deduct half
… Read the rest
By Nancy
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Also posted in tax credit, tax filing, tax preparation, tax tips
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Tagged Employment, Expense, Federal Insurance Contributions Act tax, Form 1040, IRS tax forms, Medicare, Payment, Self-employment, Tax, tax return, tax returns, turbotax
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Tax liability can have you make wrong choices. However, the IRS has been helpful to some people in difficulties such as these. For example, the unemployed and people running small business will benefit from the ‘fresh start’ initiative. In fact, their installment agreement will ensure that there is easier and rational payments made.
Doug Shulman, the IRS commissioner stated that the agency has a duty to work with troubled taxpayers to meet their tax liabilities. Taxpayers have to understand the penalties against defaults arising out of failure to pay taxes on time. For example, 5% of unpaid taxes will … Read the rest
By Steve
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Also posted in tax credit, tax extensions, tax filing, tax preparation, Turbo Tax
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Tagged Doug Shulman, Douglas Shulman, Form 4868, internalrevenueservice, IRS, Payment, Tax, Unemployment
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January 14, 2012 – 3:13 pm
Electronic Filing Services Are Taxpayers’ First Choice!
This tax season, the IRS has devised a plethora of useful virtual features to facilitate the taxpaying process greatly. Tara Lynn Wagner of NY1 reports as follows:
“Once again, it’s that time of year when people’s thoughts turn toward taxes. The good news is that help has arrived for all those persistent procrastinators, however.
In 2012, taxes will not be officially overdue until after April 17 – two days later than the traditional filing deadline. This is per IRS spokeswoman Dianne Besunder.
Ms. Besunder further advised that prompt filing yields correspondingly faster … Read the rest
By Steve
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Also posted in e-file, tax filing, tax preparation, Turbo Tax
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Tagged Accounting, internalrevenueservice, IRS, IRS e-file, Tax, tax return, United States, YouTube
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November 22, 2011 – 3:35 pm
Your tax documents are very important documents that you may need to refer to way after the time you actually file your return. More importantly, the IRS may need to refer to these documents at some point in the future and you therefore need to make sure that you do not dispose of your tax documentation once you have filed your returns thinking that you will never need the documents again.
Whilst most people are aware that they need to keep their tax documents for a certain amount of time many are not sure how long they should … Read the rest
By Steve
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Also posted in FreeTaxUSA, tax filing, tax forms, tax preparation
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Tagged Accounting, Audit, documents, internal revenue service, IRS, long, Tax, tax return, Taxation, United States
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As the April deadline approaches and you have already sent your tax return in the mail to the IRS or you have completed a return on the computer, the only way to change the tax return is to file an amended tax return. If you have filed with FreeTaxUSA, you can sign in with your account and correct the return.
The Internal Revenue Service does not let you do an e-file amended return. Your only choice is to prepare and send back the amended return.
If you completed your original tax return through another source besides FreeTaxUSA, you … Read the rest
By Steve
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Also posted in e-file, tax preparation, tax tips
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Tagged Accounting, amended tax return, Fiscal year, freetaxusa, internal revenue service, IRS tax forms, Tax, Tax return (United States), turbotax, United States
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