The countdown begins

The IRS will begin accepting returns on Tuesday, Jan. 20 – so tax preparers around the country are using this week to make sure they’re ready for the filing season. The IRS itself offers a whole section of its Web site to helping tax pros get ready, and in the same spirit, we’ve put together this quick…

Details

Tips to help you choose a tax preparer

Many people look for help from professionals when they file their federal income tax return. If you choose to use a tax return preparer, you’ll need to share your most personal information with them, including details about your marriage, income, children and social security numbers — the details of your financial life. Most tax return…

Details

What is Form 1099-MISC?:

Form 1099-MISC, Miscellaneous Income, is issued to a person if any of the following situations occur, when a trade or business or some other qualified organization pays: • If at least $10 in royalties or broker payments are paid to a person • At least $600 in: rents; services performed by someone who is not…

Details

Immigrants and Tax Return Filing

  On November 20, 2014 President Obama announced an executive action on immigration which could extend relief from deportation to an estimated 5 million undocumented immigrants. The administration has not said which documents it will accept, however, we believe that the Citizenship and Immigration Services which vets applications under Homeland Security may require 5 years…

Details