It seems a little too old fashioned for a lot of people to write a check, seal it in an envelope, and a stamp, and mail it in the nearby mailbox so there is a new way to pay your taxes without having to do all these out of date procedures. This new way is like any other situation where you can pay your bill online. Usually when you pay your phone bill or cable bill, you will pay through your bank via eChecks. These little electronic pieces of...more
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 no money," Kittrell says. "Everything is gone."In the 24 states with unemployment rates of at least 8.5 percent, the unemployed can receive benefits for up to 99 weeks. In other states, they get less than 99 weeks — in some cases as few as 60 weeks, according to the Center for Budget and Policy Priorities.The new law restores, for 13 more months, the 99-week maximum. But it provides no further benefits to people who have reached the limit in their state. Those who have exhausted all benefits are sometimes known as "99ers," even though the duration of their benefits varies by state.The legislation renews federal programs that extend benefits beyond the 26 weeks states always provide. Those federal programs had expired Nov. 30.The Labor...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...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 business ethics and work practices. The State Of New York assures filers that their tax form preparation is in good hands by licensing Long Island Accountants (CPAs) to perform accounting services. From basic accounting services to tax form preparation, CPAs can perform any tax related task. A person must obtain a college degree and pass an examination conducted by the State Of New York in order to become a certified public accountant. After becoming certified, a person can open an accounting practice, join a Long Island Accounting Firm or go into public service. Filing taxes is an intricate process. Knowing all of the intricacies of tax law is complicated. There are many laws and regulations that filers must adhere to in order to properly report their financial obligations to the government. Even a minor error on your tax forms can...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...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