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Archive for the ‘Tax Preparation Services’ Category

Hamp;R Block and Yodlee Make It Easier For DIY Taxpayers to File

March 22, 2011 With one month left before the April 18 tax filing deadline, taxpayers are looking for ways to make the tax filing process easier. The Yodlee TaxCenter powered by HR Block helps taxpayers quickly identify money-saving tax deductions and import the information into

Key W Tax is the main rival of H&R Block’s, Jackson Hewitt and Liberty Tax Services

Question: I joined a consulting firm organized as an LLC. It is charging me for out-of-state taxes. Should it?

I received 70% of what is billed for my services to the client – the LLC retains the balance for its overhead and general partners. If I didn’t work, or the client didn’t pay, I didn’t get paid. I left the firm, earlier this year due to lack of work – but now they’ve come back to me demanding I pay state taxes.

I performed services in Washington State for a client business situated in Washington and never left the state, but the LLC is insisting that I pay taxes on income from California, Georgia, New York, etc. The firm apparently has individuals providing similar services at other client businesses in other states, Apparently the firm’s tax preparer is trying to associate my earnings with those other states.

I paid self-employment and federal income taxes directly from what I received.

I received a K-1 and filed tax returns properly for federal purposes.

Washington has no income tax.

It seems wrong on multiple levels. What am I missing?

Answer: As a partner, you shared in the income of the firm–not just the money you brought in. Since some of that income is sourced to California, Georgia, etc, you owe taxes to each of those states.

The fact that Washington doesn’t tax you is moot.

Buck to the future: Dollar stores revamping to keep business booming

Christina Franklin loves dollar stores with a passion that nearly transcends shopping. “I’d live here if I could,” the Subway assistant manager said during a recent jaunt to a Family Dollar in east Denver.

Earnings Report: Intuit (NASDAQ:INTU) Jumps on Earnings Beat

Question: If you knowingly allow your accountant to cheat on your taxes- are you still held accountable or not?

I have heard people say that they will not be held accountable for tax fraud, if it is their accountant who is filing the fraudulent claim, ( and signing his own name as tax preparer) is this really true?

Answer: If your return has fraudulent information on it, YOU are liable unless you can prove that you had no knowledge of the fraud. Even then, the IRS will most likely hold you responsible and you would have to go after the preparer for the money.

San Jose: Tax preparer accused of defrauding clients, stealing their refunds

Anthony Vo, 40, who owned and operated Anthony s Accounting & Tax Services in San Jose, is facing 12 counts of wire fraud, 12 counts of preparing false tax returns on behalf of his clients and four counts of filing his own false individual tax returns, according to the Department of Justice.

Woman Says She Was Scammed By Tax Preparer

Question: Tax Help: Refund Question?

I just checked the status of my return on IRS.gov, and it gives the following info:
We are sorry, we cannot provide any information about your refund. For more information, please continue.

Please read the following information related to your tax situation:
Tax Topic 152 – Refund Information
If you have questions or need additional information, please have the following on hand when you call:
A copy of this page.
A copy of your tax return.
The Social Security Number, Filing Status, and refund amount claimed on your return.
The date you filed electronically.
Please mention reference number 8002 to the IRS Customer Service Representative
Does anyone know what ref 8002 means? I call the IRS and they said that it would take about 3 weeks to process the return and that the website was spitting out these ref numbers…could that be right…I just want to know if I am getting audited or something.

Answer: They generally tell you if you’re being audited. But they may have pulled your return for a quick examination. 3 weeks isn’t too bad, keep checking online. The fastest way to get your refund is e-file with direct deposit into your bank account. You can try calling again, see if different answer.

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The Main Street America Group Promotes Four to Executive Positions, Appoints Four New Officers

The Main Street America Group announced today that its board of directors has approved the officer-level promotions of Mike Lancashire to senior vice president, claims and integrated customer solutions; Tom Frazier to vice president, chief investment officer; Dick Schultz to vice president, chief accounting officer; and Cathy Parrish to assistant vice president, director, compensation and …

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