by Karla Dennis | Apr 27, 2014 | Blog
If you have yet to choose a tax professional there are a few things you want to look out for when choosing one. In this video Karla discusses why it is imperative that you work with a professional that is just that, a professional. Do your homework before choosing a tax professional because it will pay off for you in the long run; know who you’re working with to get the peace of mind and services you deserve when it comes to your...
by Karla Dennis | Apr 27, 2014 | Blog
Tax season can actually be fun when you find out that you are eligible for a refund, but there are ways you can make the most of that check. Your tax preparation expert offers four useful places to put that refund check that will actually pay off. A CD is a form on investment that offers interest on your money, usually over the course of three to ten years. With an investment as small as $3000 you could see a return as big as $310 in only three years. If you choose a 60-month CD, the return would be $650. Your tax preparation expert encourages finding ways to make your tax return money work for you, and a CD is a low-risk investment with considerable returns. Supplementing your retirement is also a solid investment. If you have a 401K, your tax preparation expert would suggest putting the money into that kind of investment because it will be tax deductible the next year. Another place to put that return check is to take down some debt. Most Americans carry some form of debt which includes debt from car payments, credit cards, or even debt to family. Your tax preparation expert suggests whittling down some of this debt because it will increase your financial freedom. Many people don’t consider putting their refund checks into their mortgage payment, but your tax preparation expert knows that it is solid investment. Every time that you pay your mortgage, you have to pay interest on the money that you owe. If you cut the money that you owe down, you will be able to pay...
by Karla Dennis | Apr 24, 2014 | Blog
Karla goes over a few of the different items that were included in the extender law recently. Many of these are beneficial to homeowners that are selling their home or making energy efficient improvements to it. There are also tax benefits and write offs available for those that have purchased and are making improvements to commercial property. Listen as she goes through these items and explains how they could potentially be beneficial to...
by Karla Dennis | Apr 23, 2014 | Blog
In this part 3 of 4, Karla talks about “Currently Non-Collectable Status” and how it can help when you have unpaid taxes. But, one thing to always keep in mind is that you shouldn’t face a tax problem without professional tax representation. That is where COHESIVE can step in and...
by Karla Dennis | Apr 23, 2014 | Blog
Have you ever heard that there are two things in life you can’t avoid: “death and taxes?” While putting off death would take a miracle, putting off your taxes is not nearly as difficult. In fact, you tax preparation expert can help you file a six-month extension on your taxes by following a few simple steps. First, you have to get the right paperwork. Form 4868 must be filled out by your tax preparation expert by the tax due date (April 15). If this form is not filled out by the deadline, you may find that the extension will be denied and you will be fined for failing to pay your taxes. Filing for an extension is free and the Form 4868 is offered electronically on the IRS’s website. You may find it is easier to have your tax preparation expert fill out the form for you so that it can be used when you actually file your taxes. It is very important that you realize that your extension does not give you more time to pay. Your tax preparation expert can help you put off the time that you file your taxes, but you are still held responsible for the amount of money that you owe to the federal government on the normal tax due date. If you don’t pay by April 15, you could incur late fees and interest payments that will increase the amount of money that you are required to pay. Your tax preparation expert does not have to file your taxes if you have an extension, but you should pay off what you estimate...
