FAQs For E-filing Your Tax Return Online income tax filing is the easiest and fastest way to do your taxes online. But, many people still have questions so I have answered a few for you below. Q – I don't owe taxes. Can I file electronically after April 15th? A – Electronically filed tax returns are accepted until October 15th. If April 15th falls on a weekend or federal holiday, you have until midnight the following business...more
New Tax Law: What Does It Mean to You? Unemployment benefits will be restored for millions of Americans under the tax-cut measure President Barack Obama signed into law Friday. Sylvia Kittrell of Orlando, Fla., isn't among them.A social worker unemployed for more than two years, she's one of hundreds of thousands who will get no help from the new law because they've already used up all the benefits available to them."I have...more
If the IRS has ever slapped you with tax penalties or fines, you must know how painful it can be. It not only hits your finances, but it also puts your account under greater scrutiny from the relevant authorities. So, what can you do avoid these penalties?1. Prepare Early For Your ReturnsMany people wait for the last minute before they start running around to get every document in the right place. Unfortunately, these documents tend to disappear when you need them the most. The taxpayer is left with only two choices: 1.) Submit the returns before the deadline and miss out on benefits that require documentation or 2.) Submit the returns late and risk IRS penalties and scrutiny. 2. Don't Try To Con The SystemNever try to con the system. With the IRS offering rewards to those who squeal on tax cheats, the chances of being caught are extremely high. If someone comes and tells you about a "deal" that has such a "great loophole" don't follow him or her. Although at that time it might sound like a big opportunity to bend the law, you will not be able to realize when you break it, which will certainly land you in jail. 3. Hire A ConsultantThe average taxpayer does not know...more
A Talented tax attorney Can Solve Your Tax Problems Tax attorneys are lawyers who specialize in working with taxpayers to solve their complex and technical problems with the IRS or state tax revenue department. Tax attorneys are fully aware of the tax laws, and enable people and businesses to resolve their tax issues successfully. In fact,...more
Using A Long Island Accountant Can Help To Get You A Better Tax Return A Long Island CPA, certified by the New York Board of Accountancy, is a trained professional who helps individuals, businesses and organizations execute their financial accounting and reporting needs. They are regulated by governmental agencies and are liable for their...more
A famous expression says that there are only two things you can be certain of in life: death and taxes. For most people, keeping up with the latter can be a real challenge. Not all individuals are thoroughly familiar with the various tax provisions and guidelines out there. All they know is that they are supposed to pay their taxes, period. That is why they often get stumped when they encounter taxation issues and complications. If you are one of those taxpayers who tend to get baffled with the processes behind this particular government charge, you may find it a relief to know that you can easily get help from qualified professionals whenever a tax problem arises. You may consult with tax problem attorneys who can effectively aid you in overcoming your tax worries.Here are some of the most common tax troubles that a tax attorney can assist you with:Unfiled tax returnsApart from obvious procrastination, there are still other reasons why some people fail to file their income tax returns on time. Most are simply unfamiliar with the filing requirements. In other cases, some individuals commit willful evasion. According to the Internal Revenue Service (IRS), around 10 million taxpayers...more
Tax season is nearing its end, but nerves are still high. Nobody likes taxes and we all stress worrying about completing our tax forms accurately and avoiding a dreaded IRS audit.Well forget your worries and enjoy the EZ 1040 Tax Relief Package at...more
I was sitting here in my office this morning working on my income tax return. As I was looking over some figures, I thought about a phrase my dad used to say. He said, "There are only two things you have to do in this life: pay your taxes and die."...more
Tax Property Sale- Free Helpful Guide For Tax Property Sale Tax computing and filing taxation statements is a stress filled process. Those who can afford it hire tax executives to undertake the tax related tasks. For others who run home...more
Property Tax Assessment- Free Helpful Guidpost For Property Tax Assessment If you are looking for a stable monthly revenue in real estate, investing rental property is a good option. Every month, you get to keep a fixed amount in your pocket....more
Few of us ever test our powers of deduction, except when filling out an income tax form - Laurence J. Peter, U.S. EducatorBy understanding business tax deductions, business owners may enjoy personal benefits from business expenditures entertaining...more
Tax Basics You Need to Know – Save More on Your 2010 Taxes As we head into 2011, it's time to truly understand your taxes. Let's face it, it's a lot better to get money back each year than to owe money. Fortunately when...more