You Owe the IRS!
Now what do you Do?
Let’s Talk About Your Options!
George and Shirley came to see me to complete their tax return. They had been referred to me by another client of mine.
George and Shirley had been blessed to have great and stable jobs. Even better, Shirley won a
Need to Save Money? Here How!
According to the U.S. Department of Commerce, Bureau of Economic Analysis, as of December 1, 2012, the Personal Savings Rate in the United States was 6.5%. This is based on savings as a percentage of Disposable Personal Income or DPI.
DPI is defined as the total
Though we got past the tax portion of the Fiscal Cliff, it wasn’t without problems. The IRS announced that it won’t begin accepting tax returns for most filers until January 30, 2013 and for some select filers until February or March. See the letter from the IRS below –
http://www.irs.gov/uac/Newsroom/IRS-Plans-Jan.-30-Tax-Season-Opening-For-1040-Filers
It’s my 30th Anniversary in Business and I want to share it with you!
It’s hard to believe but I have been involved in some form of business ownership since 1982.
I began with one bookkeeping client on a Digital VAX machine running one of the first computerized accounting packages.
By now of course you’ve heard that the U.S. Supreme Court has upheld the key provisions of the Affordable Care Act, or “Obamacare.” In an unexpected twist, the Court ruled that the controversial individual mandate is constitutional, but under the government’s power to tax, rather than to regulate commerce.
We
Dr. Watson watched another potential client walk out of his music studio door. It wasn’t that Dr. Watson was a poor music engineer. In fact, he is great at his craft. His problem was that his equipment is outdated and slow. Dr. Watson knew he needed to update his systems
As a “qualified” minister, you are eligible to receive lodging from the church free of income tax liability. This is known as the Housing Allowance. A housing allowance may be provided for a minister living in employer-provided housing or in minister provided housing (owned or rented). This is a key
In an ongoing effort to find unreported or underreported revenues, the IRS has now created a video for Direct Sellers and MLM’s.
This video is to “help” you properly record and report your income each year. It also helps you determine if you really have a business or a hobby. (The
Last year, Charles and Gloria were giddy with happiness. Finally, after struggling for over a year with the loan modification process, they had been approved.
The modification would save them $700/month on their note, which equals $8,400/year.
Shortly thereafter, they received more good news! Their property tax bill was being reduced $150/month
The Christmas Gift of Extended Tax Benefits may turn out to be a New Year’s Headache for both Tax filers and Tax Preparers.
The IRS announced on Thursday, December 23, 2010 that their systems will need to be reprogrammed and they would not be ready to accept tax filings for certain