How to Handle Nagging Clients

Do you find yourself answering questions from the same clients who just keep calling and e-mailing, calling and e-mailing? Over and over, with questions you either answered three times already or that anybody with common sense could see are unrelated to their tax situation? Pains in the … “Depending on the relationship: Some I tell…

Details

IRS Offices Running out of Tax Forms

Taxpayers are waiting on long lines in front of the Internal Revenue Service’s Taxpayer Assistance Centers for routine services this tax season, as the IRS’s budget crunch even limits the number of printed tax forms the agency can distribute. In the aftermath of five years of budget cuts, the IRS has been cutting back on…

Details

What Are The Pros And Cons Of Going On Extension?

It’s that time of year again…tax season. For many small business owners, taxes top the list of business-related concerns. In fact, the National Federation Of Independent Business (“NFIB”) Small Business Economic Trends survey, released earlier this year, revealed that 20% of businesses cite taxes as their biggest problem. With April 15th fast approaching, more and…

Details

Taxpayers Are the Craziest People

Tax preparers share their clients’ strangest misconceptions It’s amazing what clients can walk in with: overflowing shoeboxes, demands for a refund in cash, insistence that you do their return before all others. Taxpayers try to deduct everything from unborn children and kids’ weddings to speeding fines, groceries and massages. Many also walk around with some…

Details

How To File For An Extension

If you believe that you will not be able to file your tax return by the due date (generally April 15) you can apply for an automatic six-month extension of time to file, by filing Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. With the 6-month extension, you…

Details