The Tax Preparation Blog

Archive for April, 2007

Question: Can I amend my 2006 tax return to change my status from married filing jointly to married filing separately?

I divorced my former husband in Jan of 2007 so we were married in 2006. We filed a tax return together and just received a notice from the IRS that we owe additional taxes. These are all items my ex-husband is responsible for. He refuses to cooperate in providing the information necessary to respond to the IRS.

Answer: No you can’t now amend your 2006 tax return filed as Married Filing Jointly.

Read: http://taxipay.blogspot.com/2008/02/filing-status-for-married.html

Justice Department Files Six Lawsuits to Enjoin Preparation of Fraudulent Federal Income Tax Returns

Return Preparers Allegedly Prepared Thousands of Federal Income Tax Returns with Fraudulent Deductions & Credits Resulting in Millions in Lost Revenue to the U.S. Treasury

Question: Can I get Circulars & Notification Related to All Tax Matters and How?

Circulars Related to Withdrawal of Professional Tax in Rajasthan.

Answer: Central govt. tax circulars will be available on http://incometaxindia.gov.in . However to find out taxation circulars try state govt. web sites or IT books like ready reckoner etc. Your local tax consultant can help you.

ASTRONOMY NOW SOLVING STAR DISTANCE PROBLEMS BY RECENTLY DEVELOPED METHOD WITH GREAT FUTURE

One of the greatest problems that confronts astronomers at the present time is an accurate knowledge of the distances of stars. From the earliest times, the relative positions of stars or their apparent directions in space have been observed and measured with increasing accuracy.

How to Deal with IRS part 4: Talking to the IRS in person

Question: What was the affect of Katrina victims relocating in Houston?

I never heard how all those people that stayed there affected the cities economy, job market, social services and tax rates etc. Did it stress out the residents or what?

Answer: I live in Houston. The stress of Katrina greatly impacted all aspects of life in Houston. Schools are suffering from over-crowding. The Dept. of Social Services is back-logged and stretched beyond the limit. Search for Jobs has become much more competitive. Tensions in schools have resulted in riots and fights, etc. Inexpensive housing is no longer available.

The federal government has provided some aide to Houston Schools, Police force and Welfare Dept. but, as always, it is never enough. Thus far, most of the evacuees are not home owners so they are not paying the taxes.

On the brighter side, I still see lots of organizations pitching in to help. Clothing, food, household items, etc. are still being distributed. Organizations are looking for ways to assimilate the new-comers to the area.

New – Intuit QuickBooks 2012 Premier Industry Edition – Complete Product – 1 User – 431312 $285.96 eneral Information Manufacturer/Supplier: Intuit, Inc Manufacturer Part Number: 431312 Brand Name: Intuit Product Name: QuickBooks 2012 Premier Industry Edition Marketing Information: QuickBooks Premier provides specific industry reporting and more than 150 sales, financial and tax reports. QuickBooks Premier has all of the great features of QuickBooks Pro, plus deeper, more tailored reports based…

New – Intuit QuickBooks 2012 Accountant – Complete Product – KZ8274 $399.96 General Information Manufacturer/Supplier: Intuit, Inc Manufacturer Part Number: 417042 Brand Name: Intuit Product Name: QuickBooks 2012 Accountant Marketing Information: Run payroll in minutes! With Intuit QuickBooks Enhanced Payroll, you can save time paying employees and filing payroll tax forms & payments. And by doing payroll inside QuickBooks, you’ll know you’re doing payroll right. Get free…

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BizActions Creates Marketing Campaign Library

BizActions has introduced a Campaign Library aimed at helping accounting firms and other professional services firms with their marketing campaigns.

Liberty Tax Service-Crazy Marketing Traffic Waver-WFRV TV

Question: Should we have a “Rangle rule” check box on our tax returns?

A check box marked Rangle, Geithner, Daschele so if we “forget to pay taxes we can just check the box.

Or maybe just replace it all with the FairTax Act?

Answer: I highly support the fairtax. It would be much easier and better all around.

Estate and Trust Administration For Dummies $9.95 Executing an estate or a trust fund is a big responsibility. Estate & Trust Administration For Dummies contains advice for handling estates and trusts of any size. It offers solid pointers on reading and interpreting a will and other documents, and helping heirs avoid paying too much (or too little). It also shows you how to take care of a loved one’s estate in the event that a will or trust was …

J.K. Lasser’s Your Income Tax 2012: For Preparing Your 2011 Tax Return $12.71 This guide offers easy-to-follow, expert advice and guidance on planning and filing your taxes. It covers some of the most important tax topics, from what you must report as income and strategies that will save you on taxes to how much tax you actually owe and what deductions you can claim….

Zondervan 2012 Minister’s Tax and Financial Guide: For 2011 Tax Returns (Zondervan Minister’s Tax & Financial Guide) $6.59 For years, ministers have trusted the Zondervan Minister’s Tax andamp; Financial Guide to save them time and money. This easy-to-understand workbook simplifies the tax code and offers dozens of tips to reduce your tax bill. For 2011, the guide includes a line-by-line explanation of the 1040 Form as well as information on recent changes in the tax code. Dan Busby also explains the easy steps you ca…

New Roth IRA rules may lower tax bill

The new Roth IRA rules may be one of the few tax changes that provide a win-win opportunity for both investors and the government.

Tax Tips: Charitable Contributions – March 09

Question: how much is the penalty for missed tax deadline (5 Oct)?

I have never filled a tax return as my tax is collected with PAYE at my work. Last year I had small income untaxed of £300 and now I understand that I have missed the 5 Oct deadline for informing HMRC for this. Can you please advice what is the best course of action and how much penalty I should expect to pay.

Answer: I don’t think you need to do a Tax Return for this. Write to tax office, giving details, and they will restrict your code number for the current amount if this is ongoing. Ask if you can be sent an annual form P810 instead. If it is not ongoing tell staff that it is a one off.
You can send a cheque for £60 now if you want, but it is likely they will send you a Schedule E (PAYE) computation, and collect the underpayment through your next year’s code number.

DECEMBER 2009 DAY-BY-DAY

1st FIFA secretary general Jerome Valcke confirmed the Republic of Ireland would not be given a place at the World Cup in South Africa after the FAI appealed tothe world governing body to let them in as the 33rd team.

Deadline for filing tax returns expires