The Tax Preparation Blog

Archive for the ‘Tax Preparation’ Category

Question: Will it help ,if only 5% income tax is applied to all tax payers flat & all other taxes aborted?

Income Tax Sales tax department of India

Answer: good suggestion and also i think it will be viable

Crooks offer refund on online tax refund!

Public’s lack of awareness and technical sophistication of the cybercrooks has led to an increase in phishing attacks.

150 Years of Income Tax.wmv

Question: Where to report income as a paid tax preparer?

I made a little bit of money doing taxes on the side of my job last year, I cannot find my notes for how I was supposed to report the money on my 1040 this year. This year I have 2 jobs and am in a really hectic schedule. Do not have time to scour the Pub 17 or any other publications. I believe that I report it as other income on the 1040, but I do not remember the schedule or other form that I needed to fill out. Please help! I cannot find the answer on the internet anywhere b/c everyone is so focused on the new guidelines for paid preparers this year! I’m only doing my taxes this year, and I’m just simply searching for where I report last years income from tax prep last year. Please help! I seriously do not have time for this this year! Thank you!!

Answer: You report this income on Schedule C or C-EZ. If you made more than $400 net preparing others’ taxes, you also file Schedule SE for self employment taxes.

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iPad Shot with Shotgun – FreeTaxUSA.com

Here’s how to invest wisely to be rich

In an hour-long chat on rediff.com financial planning expert Sailesh Multani offered some valuable tips.

IT raid at IAS couple home yields Rs 3 crore in cash

Question: some accounting question?

hey guys… need some help with an assignment…

Because of its complexity and susceptibility to errors, which step in the process do independent auditors (CPAs) examine most closely?

A) financial statement preparation

B) tax reports

C) deferred and accrued adjustments

D) closing entries

Answer: B) tax reports
————-
Tax reports for companies are very complex and the tax laws change every year, so that’s where a lot of errors can potentially be made.

Microsoft Visio Professional 2010 $402.00 Visio Professional 2010 takes diagramming to a bold new level with dynamic, data-driven visualization tools and templates, and advanced sharing through the Web. Bring the big-picture and real-time data from multiple sources, including Excel, Microsoft SQL Server, and SharePoint lists, together in one powerful diagram. Then see real-time changes to data right within your diagram, displayed through …

QuickBooks 2011 For Dummies (For Dummies (Computer/Tech)) $14.26 Bestselling author Stephen Nelson returns with big help for small businessesOffering expert advice, bestselling author Stephen Nelson returns with updated coverage of the latest revisions and enhancements to the leading small business accounting software package: QuickBooks. After a quick review of bookkeeping basics, you’ll discover how QuickBooks can help you build the perfect budget, process …

Corporate Divestitures: A Mergers and Acquisitions Best Practices Guide $83.48 Providing practical application of best practices employed in the divestiture process, Corporate Divestitures provides you with detailed guidance on how your corporation should handle a divestiture. It provides a structured approach that emphasizes disciplined execution and illustrative documents and application aids that can be adapted for use in real-world situations….

Intuit Glitch Leads to Mistaken Mega-tax Refunds

Most U.S. residents would be happy to get a few thousand dollars back from the Internal Revenue Service at tax time. But a snafu in some Intuit software recently…

Personal Taxes English.wmv

As Tax Day Approaches, More Seek Accountants Online

The month of April begins tomorrow and for businesses and individuals in the United States, that means there’s only two more weeks until the deadline for filing your federal tax returns. As the deadline approaches, a growing number of businesses are turning to the Web to not only do their filing, but also to find accountants. The demand for online accountants has risen by 90% over last year …

Micah and Marc-Mihai answer questions.