The Tax Preparation Blog

Archive for the ‘Tax Preparation Services’ Category

Tax Preparer Registration doesn’t apply to everyone

Maybe it’s me, but when I see the word “all,” I assume it means all-inclusive. Recently, the Internal Revenue Service announced a major initiative to bring greater scrutiny to the tax preparation industry.

New ETL Deck

No need to itemize to take advantage of this tax break

In this column, Claude Renshaw and Ken Milani answer a question from a retired police officer about whether his health care premium is deductible under tax laws. The two also talk about tax credits for making your home more energy efficient.

Tax Tips for finding a Tax Preparer Ramona Benjamin http://taxtimetips.wordpress.com

Question: Is it worth it to have a tax preparer vs. Software for me?

Hello Everyone,

I have always done my taxes myself. However, I always hear from friends that they got a larger return by using a preparer. I am single, Claim 2, Income that does not qualify for a free file, have property tax and mortgage interest to claim as well as some student loan interest. Employer 401k. Nothing out of the ordinary.

Do Preparers get more for you then software??

Answer: It is some times very tempting to approach tax professionals who offer huge refunds without even looking at your tax documents.
If you can’t believe it, it is better to avoid it as it could be a scam.

Some times approaching a tax professional will help you as they may identify some deductions which you might have otherwise overlooked. But, if you are aware of tax laws then a tax software is good enough.

Killeen Daily Herald • Central Texas News

If I claim my daughter as a dependent because she is a full-time college student, can she claim herself as a dependent when she files her return?

Tax Knowledge DataBase

Need To Know

1Fayetteville residents can apply for vacancies on boards and commissions that will be filled in March. The deadline for applications is today. Applications can be found on at www.ci.fayetteville.nc.us/files/10/ boards_and_commissions/ category1122.aspx or by calling 433-1989.

“Apple Valley-Rosemount Today” Wednesday, March 25, webcast

Question: I filed my taxes electronic through a tax preparer and it was acknowledged by the IRS on 1/21/08.?

My husband and I owe $481, which we knew prior to filing. How long must we wait this is the third week. We do not have a refund date as of yet.
I was told that my refund should be electronic deposited. I only owe $481. (small amount)
comparing to my refund. I first had a deposit date of 2/1/08. Then my refund status changed to there is a delay in processing your refund. It did not give me a new date. It did not provide any date at all.

Answer: If you *owe* money, you don’t get any refund!

You should have been told where to send your check to the IRS for the money you owe, unless you made arrangements to have them take the money directly out of your bank account. You should check with your tax preparer and find out when and how you’re supposed to pay.

Amscot Financial Urges Eligible Taxpayers to Take Advantage of Earned Income Tax Credit

Amscot Financial, a leading provider of convenient, consumer-oriented financial services, urges taxpayers to get all they have coming to them: The Earned Income Tax Credit can mean thousands of extra dollars for qualifying workers who file returns in the upcoming tax season.

Choosing a Tax Preparer