by Karla Dennis | Jul 15, 2013 | Blog
Many people seek the help of experts when it’s time to file their taxes. If you use a compensated tax preparer to file your return this year, the IRS urges you to choose your tax preparer wisely. Even if a tax return is prepared by someone else, the taxpayer can still be legally accountable for what is on it. Because of this it is essential to select the tax preparer that knows what they’re doing. This year, the IRS wants to help remind taxpayers to use a preparer who will sign the dividends they prepare along with enter their required Preparer Tax Identification Number (PTIN). Here are ten tips to keep in mind when picking a tax return preparer: read...
by Karla Dennis | Jul 15, 2013 | Blog
When the time comes for paying taxes several Americans consider getting assistance from tax preparation services. These facilities, however, can vary significantly in accuracy and value. The following information may help taxpayers figure out whether they need to have a tax preparer, and if so, how to choose the tax preparer that best meets the specifications of they need. The requirement for tax records Prior to your determination to file a tax return, taxpayers ought to make certain that they truly need to get help. With the aid of tax preparation software packages or the IRS, taxpayers can make tax preparation decisions independently as well as decide to prepare their taxes themselves. Nevertheless, if taxpayers do not feel qualified to prepare their taxes or their tax circumstances are so complex that they do not really feel comfortable preparing their own individual taxes, they should connect with a tax preparer. read...
by Karla Dennis | Jul 15, 2013 | Blog
More taxpayers are rebelling against the tedious, old-fashioned tax preparation methods, such as programs that plaster complicated tax information on their computer screens, by using up-to-date tax tips and information from online tax software. While software cannot substitute an accountant’s tax strategy or show up in an IRS audit, it can help the average taxpayer in getting their taxes completed with much less of the frustration and headache. For anyone who has spent the night of April 14th struggling with calculators, untidy erasers and tax information books, tax software for your computer can make mundane tax preparing seem nearly pleasurable. These programs are terrific alternatives for people who prepare and perform their taxes by hand. They are faster and much more accurate – and they are enjoyable. Most duty programs give consumers the option of entering details line by line or through a series of plain-English questions about income, expenses, home ownership and anything else of taxing consequence. read...
by Karla Dennis | Jul 15, 2013 | Blog
Six Important Facts about Dependents and Exemptions Even though each individual tax return is different, some tax rules apply to every person that files a federal income tax return. These rules include dependents and exemptions. The IRS has six important facts about dependents and exemptions that will help you file your tax return. 1. Exemptions reduce your taxable income. There are two types of exemptions: personal exemptions and exemptions for dependents. For each exemption you can deduct $3,700 on your tax return. read...
by Karla Dennis | Jul 15, 2013 | Blog
Understand How Tax Prepration Expert Advice Can Assist You In Achieving Your Dreams Many taxpayers believe hiring a tax preparation expert and filing taxes can be a time consuming, boring and complex chore. Tax accounting software has become a choice for simplifying this annual job for “do it yourself” enthusiasts. A good tax accountant is another great alternative, however. Even the IRS gives a wealth of information on taxpayer resources geared towards individuals that decide to file tax returns themselves. However, regardless of getting to use these resources, tax preparation and filing your taxes on your own continues to be time consuming. read...
