The Internal Revenue Service will begin accepting e-Filed tax returns on January 20 this year, ten days earlier than it did the past two years. Many people will be receiving their W-2 Forms this week, or at the beginning of next, and will be in a position to file their taxes then. This office has […]
The Affordable Care Act (“Obamacare”) Early Tax Filing And Free Amendments Read More »
It seems that every unenrolled preparer, the IRS’ name for tax preparers with no professional credential and thus limited representation rights, is promising “free audit defense” or “free representation” before the IRS in the event of an audit. I find these promises amusing for a number of reasons. First of all, unenrolled preparers have limited
When people ask me about my tax experience I will sometimes reply that I have been doing my tax return since I was a teenager, and I have yet to encounter a client whose taxes are more complicated than mine. Not only do I own my own business, a law firm, but my wife and
The Importance Of Tax Record Keeping – Part Iii – My Own Record Keeping Process Read More »
I have a client. I will name him “Jed”. Jed is a craftsman. He is a contractor. It really does not matter what his trade is, just know that he is very good at what he does and he has done a fair amount of work for me. He has done work for a number
The Importance Of Tax Record Keeping Part Ii – A Client Success Story Read More »
I received an email from the Internal Revenue Service giving their tax tips. The top of the list was “start a filing system” to keep and organize your receipts and records. Rarely do I find myself in such complete agreement with the IRS. One of the best things that most tax payers can do is
The Importance Of Tax Record Keeping Read More »
I enjoy blogging as it gives me a forum to discuss some of the issues that I see come into my office in the course of my practice. I particularly enjoy blogging about taxes because being both a tax preparer and an attorney, people come to see me about problems that were caused by other
Documentation And The Earned Income Credit Read More »
I recently had two people come to see me about tax problems. I did the taxes for one. Another tax preparer did them for the other. My client was able to meet with me regarding his issue. The other client cannot find her tax preparer, because he goes away after the tax season. My client
A Tale Of Two Tax Clients Read More »
I am lumping bankruptcy and taxes together for two reasons. The first is that these are my other two areas of practice. I have done thousands of bankruptcies in the past and I am a tax preparer as well. So these are major practice areas of my firm. I do not believe that anyone whose
Facebook, Other Social Media And Bankruptcy And Taxes Read More »
I was happy to receive today’s “Tax Professionals” email from the IRS. Not only does it deal with an interesting and timely tax issue, but it addresses an issue I had to deal with on a bankruptcy petition only yesterday. The bankruptcy “means test” allows the Debtor to deduct child care expenses. My client just
Tax Credit For Sending Your Kids To Summer Camp Read More »