Benefits And Burdens Under Federal Income Tax Principles
How Much Money Do You Have To Make To File Taxes
A Partial List Of Tax Deductibles by Carl LaFresnaye
The list of tax deductibles allowed by the IRS is so long and complicated that nobody seems to know exactly how many there are. Even Jeff A Schnepper's book How To Pay Zero Taxes, which is actually subtitled...
Getting a Tax Credit for Your Kids by Richard A. Chapo
As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids.Getting a Tax Credit for Your KidsWith...
Preparing Ahead For A Pleasant Tax Day by Carl LaFresnaye
How did you spend your last tax day? In line at a post office at almost midnight, dropping off your taxes? Dreading going on an extension again knowing if you owe and don't pay it on time, there will...
Smart Use of After Tax Funds for Retirement by Andy Andersohn
Dont Neglect After Tax Savings for Retirement We are almost all familiar with retirement savings and investment programs that are pre-tax like 401ks, 403bs and IRAs. These programs give you...
Making the Switch from IRA to Roth IRA by Barry Waxler
There is also a type of IRA called the Roth IRA. This is also a retirement plan open to those whose income falls within the Modified Adjusted Gross Income (MAGI). The Roth IRA does not have age...
Finding Out How Much Money Do You Have To Make To File Taxes? by Carl LaFresnaye
There are many people who wonder if they really have to file taxes since they do not make very much money. Since taxes are so dreaded by most people, answering the question of how much money a person...
Low-Income Luxury - Your Guide to the Many Affordable Apartments for Rent in Utah by Heather McKinley-Seymour
Apartments for rent in UtahOften the first thing one does when searching for a home to rent is assess their income. For many Utahans with large families, liabilities or low wages, this can seemingly be...
How Wealth Tax Is Better Than Income Tax by Jim Thio
Wealth TaxDo you want to move money from the wealthy to the poor? Well, tax wealth.Wealth tax causes far less market distortion, and hence, much fairer than income tax. Wealth tax hurt productivity less....
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IRS wants you to retire Financially Free! We will answer your questions and give you options about how to become Financially Free when you retire
Tax answers/options when you sell your Home. We will answer your questions about the tax free home sales and give you options on tax free exchanges
So, You got a letter from IRS? We can help. Letters from IRS are scary. We will answer your questions at no charge.
S-Corp, LLC, C-Corp, Partnership - Your Choice? Selecting the correct Business Entity is confusing. We will give you the tax options of each Business Entity.
How not to pay taxes when you sell income property. We will explain how to do a tax free exchange & not pay taxes when you sell your income property.
U.S. Sales Tax Rates Hit Record High (Forbes)
Shopping blues: Top tax 12%. Chicago's 10.25% highest big-city rate. More Internet tax fights loom.
Rally To Push For Hike To Georgia Cigarette Tax (AP Via Yahoo! Finance)
Anti-smoking advocates say they know a way to help fill Georgia's $1 billion budget shortfall: hike the tax on cigarettes by $1.
No Blowing Smoke: Group Discusses SC Cigarette Tax (AP Via Yahoo! Finance)
Doctors and an anti-smoking group discuss efforts to raise South Carolina's 7-cent-a-pack cigarette tax that is the lowest in the nation.
Tax Tips For The Unemployed (CNN Money)
Tax time can be a painful time for many of us, and it's especially tough for people without jobs. If you're unemployed, there are a few twists and turns in the tax code that can work to your benefit.
New York Mayor Bloomberg Presses For Tax On Soda (Reuters Via Yahoo! News)
New York City Mayor Michael Bloomberg urged state legislators to levy a tax on soda, saying the money raised would help plug the state's shortfalls in health care and education funding.
NARUC Asks For Clarification On Broadband Grant Tax Status (Broadcasting And Cable)
Association says money should be tax...
N.Y.âs Paterson Shuns Wall Street Stock Transfer Tax (Update2) (BusinessWeek)
New York Governor David Paterson, facing at least a $9 billion budget deficit, rejected a call for a stock transfer tax on Wall Street.
Let Bush Tax Cuts End, Economists Say (Fox News)
NABE economist said Congress should let the Bush tax cuts expire.
Tax Season Brings Out The Fraud Artists (ABC News)
Tax season is a popular time for identity-theft scams. Identity theft - Theft - Crime - Fraud - Law
NY Governor Rejects Reimposing Stock Transfer Tax (Reuters Via Yahoo! News)
New York state should not reimpose a stock transfer tax as this would make Wall Street firms move to other cities such as New Jersey's Newark, or other states like Connecticut, Governor David Paterson...
How much should it cost to prepare your 2009 taxes?
For Immediately Help
In a study conducted by the National Association of Tax Professionals at the end of the 2008 tax season to determine the commom pricing methods at all Tax Professionals. The methods they found were:
1. Fee for each tax form or schedule
2. Fee based on last year's fee plus an additional fee for any changes in a client's tax situation
3. Minimum tax return fee plus an additional fee based on the complexity of the client's situation
4. Value-based fee based on the subjective value of the tax preparation service,
5. Hourly rate for time spent preparing the tax return, and A set fee for each item of data entry.
You'll want to ask how they determine their prices, and what they estimate your tax preparation service might cost. But because of per-item, per-form, or per-hourly rates, it might be impractical for an accountant to provide you with an accurate price quote. Accordingly, you'll want to ask accountants for a likely price range for your tax return.
A CPA Moms does not give estimates, they give you a exact rate they you are going pay and if you have a refund they will take their fee from your refund.
Average Prices for Tax Preparation Fees according to the National Association of Tax Professionals reports the following average prices charged by their members:
Average for 1040 with Schedule A and state return: $205
Average for 1040 with state return: $115
Average Prices at Franchised Tax Offices
H&R Block: $187.17 per return average for 2008 tax season
Jackson Hewitt: $188.96 per return average for 2008 tax season
The fees charged by the chains and as reported by the National Society of Accountants are fairly similar. So these average prices may represent a sort of range for average prices charged.
Find Out What's Included in the Tax Preparation Fee
To help you determine if your tax preparation fee is appropriate, be sure to ask the accountant exactly what's included in the fee.
Do they charge extra for electronic filing?
Do they charge extra if you need a copy of your tax return later in the year?
Does the fee include a tax consultation or planning meeting where you can ask questions and received advice on how to minimize your taxes?
Some firms, especially the franchise chains, charge an extra fee for audit protection. This is basically a way to prepay for any costs associated with an audit of your tax return. So you should ask the accountant how they charge in case your return is audited, or if they will correct any mistakes they make free of charge.
Additionally, find out how the tax professional will charge if you call up later in the year to ask a tax question, or need copies of your documents, or need to respond to a letter from the IRS.
Each CPA Mom uses a their own personal method for setting prices for tax preparation services. The price for tax preparation services increases depending upon the complexity of the tax return.
A CPA Mom will quote a price before they start working on your tax return and it will be the same price when they finish.
The general information in this publication is not intended to be nor should it be treated as tax, legal, or accounting advice. Additional issues could exist that would affect the tax treatment of a specific transaction and, therefore, taxpayers should seek advice from an independent tax advisor based on their particular circumstances before acting on any information presented. This information is not intended to be nor can it be used by any taxpayer for the purpose of avoiding tax penalties.
Use Child Tax Credit for Tax Savings by Keith Hoyng
Now, here's a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal...
State Of California Income Tax Forms Information To Know About Them by Carl LaFresnaye
If you live in the state of California, chances are you have to file your state taxes forms every year. Very few people don't have to file those who have no income or are too young are among them. If...
Getting Tax Help From The IRS by Carl LaFresnaye
They say that the only things certain in life are death and taxes. Since we are all faced with filing our taxes year after year, it is pretty unavoidable. If you can afford to have a Certified Public...
Tax Credits for Retirement Savings by Richard A. Chapo
It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us.Tax Credits for Retirement...
Knowing The Benefits And Burdens Under Federal Income Tax Principles by Carl LaFresnaye
There are many different benefits and also burdens that individuals can have under federal income tax principals. It is important for individuals to consult some sort of professional advice when doing...
How To Prepare Your Income Tax Return by Don Kransteuber
The first step in your income tax preparation is to work out your total income. A person's total income includes many kinds of receipts such as wages, interest, alimony, lottery winnings and many more....
Does IRS have a Refund or Stimulus Check for you by
The Internal Revenue Service is trying to find 279,000 recipients for more than $163 million in undelivered economic stimulus payments, according to the government. The average undelivered check is worth...
Should You Form a Nevada LLC? by Simon Maher
The short answer is yes...if your business is located in Nevada. Otherwise, your best bet is to form your business entity in the state where your business operates.There many myths about forming Nevada...
Are Foreclosure Taxable by
The Internal Revenue Service unveiled a special new section for people who have lost their homes due to foreclosure. The IRS also reassured homeowners that, although mortgage workouts and foreclosures...
IRS Reports Tax Gap of $300 Billion by Richard A. Chapo
The Internal Revenue Service is reporting that the difference between what U.S. taxpayers owe and actually pay on time totals more than $300 billion a year. Studying over 46,000 tax returns for individuals...
Doing Your Taxes by Carl LaFresnaye
When an individual is younger, it is much easier to do taxes at the end of the year since there usually is not anyone to claim other than the individual him or herself, as well as the fact that not many...
Mortgage Tax Relief- Free Important Hint For Taxes by deepak kulkarni
Most of those benefiting from tax relief are low income individuals and families, usually in the form of full or partial tax exemptions. Some middle income families and people can receive tax...
Panama: The Benefits of this Jurisdiction for your IBC by Richard Price
Why use the jurisdiction of Panama for your IBC? Does 'no income tax', 'no capital gains tax' and 'no estate tax' capture your attention? If so, read onPanama constitution provides the highest levels...
How to Use an Early Retirement Plan to Secure Your Future by Scott Taylor
In fact many of these people had no intention of retiring and used these generous packages to move into second careers. They did not retire at all until much later, in their sixties. Nowadays,...
Who are the CPA Moms? Your Tax Professional Forever!!!!
CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an relaxed environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same Mom year after year regardless of where the client moves or relocates. Being in a relaxed environment has many advantages. Lower overhead, faster response time, more availability, etc.
To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their relaxed environment and offer better service at a lower price to the consumer.
Since the Moms do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
For reliability and dependability of Tax Net, Inc, the parent company of the Moms organization click on the Better Business Bureau (BBB) icon.
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