The Tax Preparation Blog

Archive for July, 2010

Question: Would it be a good idea to do my taxes at a tax service location that is not big?

There are a million places to do your taxes but a lot of them are very expensive like HRB liberty tax and jackson hewitt. Would it be a good idea to do it with a small company that is not advertised on tv? Because thats where i think our money is going when we do it at those places.

Answer: if you have a simple return you can file online for free at turbotax.com or taxact.com.

Thursday is free tax checkup day at Jackson Hewitt tax service offices

Jackson Hewitt Tax Service offices in the Jacksonville area and around the country will offer free 5-point tax checkups on Thursday to share mid-year tips. Taxpayers will “learn about actions to take now that can potentially lead to a larger refund or reduce the amount owed when filing next year,” according to a news release. At the checkups, staffers will help taxpayers review expiring tax …

Jackson Hewitt Tax Service

Question: professional tax deduction slap chart of india maharashtra?

what is professional tax and its slab rates in imaharashtra

Answer: no

Zacks Analyst Blog Highlights: Microsoft Corp., Amazon, Eli Lilly, The Hershey Company and The Travelers Companies

Zacks Analyst Blog Highlights: Microsoft Corp., Amazon, Eli Lilly, The Hershey Company and The Travelers Companies

First Time Home Buyers – Buy with FHA and use a Mortgage Expert – RealEstateMarketingThisWeek.com

More on the Ryan Plan, Medicare, and the ‘Death Tax’

Readers weigh in on the pluses and minuses of changing Medicare after the GOP House passes a bill to radically alter it

Question: How much penalty will I pay since I owe about $1800 in federal taxes this year?

My husband and I do not have any additional income other then our salaried jobs. He claims 0 while I claim 1. For some reason, there was an error throughout the year in the amount that should have been taken out from my paycheck for federal. Last year we owed 1181 and paid 14 dollars in underpayment penalties and we didn’t send in estimated tax payments throughout the year for 2009, since we figured we would be okay. What kind of penalty am I looking at?

Answer: It looks like the IRS charged you interest on your underpayment last year of about 1.2%. Basically they are saying that the money should have been with them instead of with you and they charged you a fee for that privilege.

I would think that the same fee would be applied to this year’s underpayment, or about $22 on the $1800 shortfall.

CS sales tax rebates rise

The latest sales tax rebates returned to the City of College Station shows a glimmer of hope that declining revenues are beginning to flatten out. According to the latest figures from the state, which represent May sales, College Station received …

161 Federal Tax Charges, 0 Convictions