Scam Phone Calls Continue; IRS Identifies Five Easy Ways to Spot Suspicious Calls
UncategorizedThese callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They may know a lot about you, and they usually alter the calle...
Use IRS Social Media Tools
UncategorizedCheck out these IRS social media tools that can help you keep up-to-date with your taxes. You can also use them to get the latest news on tax changes, initiatives, products and services. Twitter. IRS tweets include tax-related tips, new...
Facts on Filing an Amended Tax Return
UncategorizedWhat should you do if you already filed your federal tax return and then discover a mistake? Don’t worry; you have a chance to fix errors by filing an amended tax return. This year you can use the new IRS tool, ‘Where’s My Amended Re...
What are Your Odds of Being Audited?
UncategorizedThere are many factors that determine what will trigger an IRS audit including your total income, what deductions are claimed, do you have business income , etc. Here is a table based only upon the income reported on a return. No AGI or ...
The “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead List
UncategorizedThe Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers can encounter at any point during the year. But many of these schemes peak during filing season as people prepare their tax returns. “Taxpa...
Ten Things to Know About Capital Gains and Losses
UncategorizedWhen you sell a capital asset, the difference between the amount you paid for the asset and its sales price is a capital gain or capital loss. Here are 10 facts from the IRS about how gains and losses can affect your federal income tax r...
How to Get a Transcript or Copy of a Prior Year’s Tax Return from the IRS
UncategorizedHere are 10 things to know if you need federal tax return information from a previously filed tax return. If you are our client relax and ask us for a copy. Otherwise 1. Get copies of your federal tax return via the web, phone or by mail...
Developing a Marketing Plan for Your Business
UncategorizedA marketing plan includes everything from understanding your target market and your competitive position in that market, to how you intend to reach that market (your tactics) and differentiate yourself from your competition in order to m...
Protect Your Personal Information!
UncategorizedIf you receive an email claiming to be from the IRS that contains a request for personal information …Then Do not reply. Do not open any attachments. Attachments may contain malicious code that will infect your computer. Do not click o...
A Brief History of Electronic Filing
UncategorizedBefore 1986. All tax returns were mailed to the IRS and entered into computers by data transcribers. They had to read tax returns that were many times still handwritten by accountants ( who next to doctors may have the worst handwriting)...