Choosing A Preparer For Your Tax Situation
The choice of a tax preparer is not easy. All preparers are not capable of handling all tax situations. The choice of a qualified tax preparer is very dependent on your financial activities and types of income.
See how to match the preparer with the situation.
If your incomes are Level 1.
Basic tax situation, incomes from employment (W-2’s not 1099-Misc), interest and/or dividends (under $400), unemployment, and taxable pension payments. You could have simple itemized deductions
Tax Planning Overview: Taxes Are Negotiated – Not "Fixed"
Effective Tax Negotiations Requirements
Tax is an expensive cost in our business and personal lives. Tax negotiations require an understanding of tax laws and rules. The most effective negotiations require pre-planning of financial actions and proper deal structures.
The IRS Wants More of Your Money!
The Ground Rules in Playing the Tax Game with IRS Have Been Changed
If you have a business with deductible expenses and you want to keep these deductions, you must have solid documentation of all business expenses.
Here is what is happened already:
- Over the past several years the IRS has addedmany new forms to track your financial activities.
- Many of these new forms, prepared by banks, brokerages, title companies, and other financial institutions, are filed electronically.
- IRS computers cross-match the information from these forms to various income tax returns. A process made more efficient by electronically filed tax returns.
- Computer capabilities have dramatically increased enabling the computers to process more return information to determine audit potential.
Business Help Resources
- Can You Use Independent Contractors?
- Doing Business in the 21st Century Electronic World
- How to Get Up and Running
- Notice to LLC Owners
- Ten Essential Business Functional Areas
- The Money Pump
- Understanding Risk Management
- What You Need to Know Before Starting a Business
- What You Need to Know When Your Business Needs Workers