Tag: Tax Preparation

Tax Preparation

This might sound strange, but I love doing tax returns. Since 1971, I’ve written more than twenty thousand returns! Many of my clients start out with a special need, but keep coming back because of the personal relationship that we’ve...

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Past Due Income Tax Returns

What Happens When I File Overdue Returns? Once your returns become overdue, it might seem too late to expect an okay outcome. In actuality, an unexpected benefit of filing is that you will probably make more money. Sometimes, self-employed people...

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Past Due Employment Taxes

What are employment taxes? The most forceful collection activities are applied to collect past due employment taxes. Employment taxes are one type of Trust Fund Taxes, meaning that the business owner has withheld the taxes with the purpose of...

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Paying Back Taxes

Will I Go to Jail? Though the law theoretically allows for jail time for not paying your taxes, I have not seen this occur in my thirty-five years of practice. The reasons for unpaid taxes among employed people commonly include illness, job loss...

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Business Taxes

What are business taxes? Business taxes are a class of taxes payable by the business only. The owner of the business cannot be made responsible for them. Taxes such as corporate income taxes or franchise taxes are business taxes. What can happen...

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Time For a Social Security Check-Up

Fiscal Cliff Deal. Health Care Reform Bill. Payroll Tax Cut. Is your vision starting to blur? There are so many financial issues out there, it can seem like everything is beyond your control. But there are some pieces of your personal financial...

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Should you adjust your Payroll Taxes?

We all do it; we procrastinate on anything having to do with taxes.  Unfortunately we often hesitate to act on even things that can save us big bucks in the end.  Well, here’s one area where you can act now, and see the benefits within the year...

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December Tax Moves

As we move to the end of the calendar year, here are some things to think about to save yourself headaches when tax time rolls around… Extra Income Like many Americans you may have felt the income pinch in the last year, or you may be doing...

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Tax Preparation Tips

It’s Tax Time – you see it everywhere; ads for do-it-yourself tax programs, strange documents coming every day in the mail, papers piling up… it’s enough to make you want to bury your head in the sand, right? Well…don’t. Do yourself a Big Favor...

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Tax Deadlines – Check These Dates!

In the last blog we discussed the Extension deadline for people filing their taxes late. Here we fill you in on all the other dates you should be aware of. The Quick List of Deadlines by Category: May through April Deadlines falling on a weekend...

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It’s Not Too Late to File an Extension!

OK, so despite your best efforts, you didn’t quite get your taxes done. Well, if you are hesitating as to why you should file your taxes ASAP, read on (plus review our “Tax Preparation Tips”). What’s the big deal? If you owe 2011 taxes, they were...

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What does ‘Adjusted Gross Income’ mean?

We pay income tax on our income. Sounds simple, right? But in truth, there is a lot of ‘figuring’ that goes on BEFORE you get to the dollar amount which tells you HOW MUCH income you pay taxes on. It’s a little complicated, but worth all your...

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