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Why Should I Pay For My Tax Return Preparation? 27 Aug 2013 | 05:00 am
Not every taxpayer will need to pay someone to prepare their income taxes. However, many times tax information that needs to be reported is too complex for an individual or business to handle. Some gu...
Third Party Designee 26 Aug 2013 | 05:00 am
When you pay someone to do your income taxes (a “paid preparer”), ask them if they will be your IRS contact. This means that if the IRS has any questions regarding your tax return, the IRS can contact...
Tax Preparation for the Military 25 Aug 2013 | 05:00 am
The IRS offers a free tax preparation program for military personnel and their families. The program is known as VITA – Volunteer Income Tax Assistance. In addition to providing military personnel and...
Tax Preparation Tip 24 Aug 2013 | 05:00 am
Many times, you may find that while preparing your income tax return, it is easier to “round off” your numbers. This means that instead of having cents, the figures you prepare your tax return with wi...
How to Choose Your Paid Tax Preparer 22 Aug 2013 | 05:00 am
Many times, it is worth it to pay for someone to prepare your income tax return. This is especially true when you have a large amount of income from various sources and numerous corresponding expenses...
Tax Prep Checklist 20 Aug 2013 | 05:00 am
Here is a checklist to follow to make certain you have included everything possible in your income tax return. Many of these steps may sound very common sense-like, but you would be amazed at the amou...
Tax Preparation Documents 19 Aug 2013 | 05:00 am
What is a "Tax ID number"? For an individual (and sole proprietor), this is your social security number. For a business owner, this is the Employer Identification Number. This number is used to set yo...
Sales & Other Tax Deductions 18 Aug 2013 | 05:00 am
If you itemized your deductions on your 2006 tax return, you may deduct various tax payments you made throughout the year. Use Schedule A to report the following applicable tax payments: State and lo...
Mileage Expenses and Reimbursement 17 Aug 2013 | 05:00 am
Allowable mileage rates for your vehicle depend upon the usage. For instance, is it for business, medical, or volunteer? Personal usage is never deductible under IRS rules. If you use your vehicle du...
Self Employed Tax Deductions 16 Aug 2013 | 05:00 am
You are considered self-employed by the IRS if you: are an independent contractor, you are a sole proprietor carrying on a trade or business, or you are a member of a partnership. Self-employed indiv...
