The Tax Preparation Blog

Archive for July, 2006

Question: How do you file income from an employer that first paid you in cashier checks no taxes taken out.?

I worked with an employer for two months doing daycare. She was awaiting her 501 c 3 gov grant id #. She paid me my first income in cashier checks without taking taxes out. How do I go about filing this income on my taxes. I am doing them myself online. I have received my w-2 from her but this income is not on there. What should I do

Answer: If you have the stubs, use that or use your bank records if you deposited them into your account.

If no taxes were taken out then youre going to have to pay for those two months, but probably shouldnt be too much or it might just even out if your getting money back from another job.

Lawmakers will examine state tax credits

One in a series of Globe Gazette Des Moines Bureau stories looking at the legislative session starting Jan. 11.

Walk For Liberty Day 194 – The Free Market Always Finds Ways To Work Around The Government

Question: Is there any way to recover an error that the accountant made on taxes filed. E&O insurance maybe?

Upon my divorce, my ex had a substantial tax debt. I have been granted “innocent spouse” relief but, am still being held responsible for about $5,000 worth of a $10,000 mistake on the accountants part in preparation. Yes, I signed them..actually 2 years of returns in order to complete our divorce mediation. My ex did pay a substantial fee for the preparation. Is there any way that I can recover this mistake from the accountant. Do they have insurance for this type of situation? What can I do? Are there any options?
In addition, it was a calculation mistake..all of the items were there, nothing left out.. Calculation was done incorrectly.
Signed Feb of 2006 for the previous 2 yrs. What would you think the penalties and interest would be? Again, I can approach her for those fees?

Answer: First be sure that it is a mistake. there are items on a return that don’t get counted at face value, only a portion of some items can be entered on the return in some spots

If it is a mistake, file amended returns, as other responders have mentioned, to correct the tax situation.

…unless you are asking if you have grounds to sue her? Did you want to correct the situation with the IRS/taxing authority or did you want to go after her?

Narberth to raise property tax in 2010 budget

Narberth Borough Council on Tuesday night adopted a budget ordinance for 2010 that calls for an 8.6-percent rise in the property-tax rate.

Insurance World Of Green Cove Springs

IRS wants tax preparation test

The Internal Revenue Service in the US has said it will soon require tax preparers to pass a test.

Tax Preparation Fraud

Question: Immigrants and the Benefits System.?

Australia has the system that skilled overseas workers are welcome but they cannot access the public purse.
This means that they pay all due taxes on their income but as soon as they are unable to work for whatever reason they are returned to their country of origin.
If we had the same system in the UK would this help to address the rising tide of hostility against immigrants in the UK?
Knownow
Australian friends and others who considered moving to Australia all say the same thing. Immigrants cannot access the public purse. The only exception is emergency treatment at A&E. I have never been to Australia I am merely expressing their stated opinion on the benefits system there.

Answer: most definitely!

Bank of England leaves UK rates unchanged, policy steady

The Bank of England kept the scale of its asset purchase programme unchanged at 200 billion pounds ($319 billion) on Thursday and said it would decide whether or not to extend it next month.

How to file your tax return with taxback.com

Get a $200 Raise Right Now

Break your hard-earned money out of that no-interest holding cell.

Professional Management Tips : Understanding Payroll Deductions