WHATS UP WITH FILING DEADLINES THIS TAX SEASON?
WHATS UP WITH FILING DEADLINES THIS TAX SEASON? When can you file your 2012 tax return? The IRS has been delayed in the production of forms and programing of their systems for filing your tax return for 2012. Since Congress just extended and changed tax laws in early January this has delayed the filing process. Who can file starting Jan. 30? The IRS anticipates that the some simple returns can start filing January 30, 2012, regardless of whether they file electronically or on paper. The IRS will be able to accept tax returns affected by the...
read more5-BIG TAX SUPRISES!
5-BIG TAX SUPRISES! The tax law is complex, unfair, and difficult for even experts to negotiate. Here are five terrible tax surprises that you might watch out for this spring. Unemployment benefits Yes, it’s true. Under tax law, unemployment is considered wage income, and the IRS wants their fair share. How can you prepare? When you apply for unemployment benefits, consider having federal income tax withheld. This process is similar to regular payroll withholding. Fill out the federal W-4V, Voluntary Withholding Request, or a similar...
read moreThe Truth About The Fiscal Cliff
THE TRUTH ABOUT THE FISCAL CLIFF We are all sick of hearing the dreaded words; “Fiscal Cliff” so we thought a summary of the facts would be warranted. Without speculation, political affiliation, or any observation, below is a summary of, “The Truth About The Fiscal Cliff” The main part of the bill extended Bush-era income tax cuts for individuals with incomes of less than $400,000 and couples who make less than $450,000. Most prominently, it will extend the Bush-era tax cuts for the vast majority of Americans and spare tens of...
read moreTop 5 Reasons to Hire a Certified Public Accountant
When it comes to managing your finances, there are many great reasons to turn to a professional Certified Public Accountant for assistance. Of course, it is possible to do it all yourself, and there are tools available out there to help you, but you may miss out on many of the benefits you are entitled to as a taxpayer. You’d be surprised of the list of ways a personal accountant can help you not just at tax time, but year-round too. Here are 5 reasons to hire a certified public accountant to help manage your personal or businesses...
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