The Tax Preparation Blog

Posts Tagged ‘irs’

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: Turbo Tax returns question?

I am having trouble with filing my taxes online. What do I do if I didn’t get tax returns last year? Also where can I find my AGI for the year 2009? Thanks for your time.

Answer: You didn’t file tax a return last year for your 2008 taxes?

If not, you will not have the AGI for filing your 2009 taxes (this amount would be what you need to be able to e-file online for your 2009 taxes.

Your question is a bit confusing, maybe you can clarify.

Tax year 2008 – did you file a return?

If you did file a return for 2008, you must get your return and look for the AGI which is line 37 on Form 1040 (it is the last item on the very 1st page of any tax return or the first line on page 2 of a tax return (Form 1040 line 38, 2nd page)!

Hope this helps and makes sense to you! If not, edit your post and give additional information.

Grand Rapids unveils combined income tax forms for resident and non-resident taxpayers

New forms were mailed to 17,000 taxpayers

Individual Tax Deduction Online Tips for 2010, 2011

Question: Tax return? how much should i expect back this year?

If I made $12,375 and about $2000 was taken out for taxes how much should I expect on my tax refund this year? Ill be claiming my daughter this year. I’m a single parent and have full custody of my daughter. I don’t own any houses or cars.

Answer: The $2000 taken out include ss/mc withholding ($950), neither of which is refundable.

Tax accountant talks Dayton’s proposed tax increases

Michael Schaffer, a certified public accountant, discussed how the proposed tax increases would impact Minnesotans during an interview with All Things Considered on Wednesday.

Tax Tips: Do I Have To File a Tax Return? (ASL, Captions & Voice Over)

Here is What to do If You Are Missing a W-2

IRS Tax Tip 2011-28, February 09, 2011 Before you file your 2010 tax return, you should make sure you have all the needed documents including all your Forms W-2. You should receive a Form W-2, Wage and Tax Statement, from each of your employers. Employers have until January 31, 2011 to send you a 2010 Form W-2 earnings statement.

Question: tax return laws on two dependents with equally shared parenting?

I have two children and am in the middle of a divorce. We have equally shared custody. Do we split up i get one and he gets one or do they both go to the parent making more?

REFERENCES!! pleeease! lol
i know that if there is one child, and both parents have equal time with the child it goes to the one making more. But if there are two children do they both go to the same one or is it split up equally?

Answer: Dear CC: Make sure your divorce attorney is knowledgeable on tax laws and dependency. Spell out the custody arrangement in the divorce decree and if necessary split up the kids with each parent getting one.

Look at www.irs.gov and claiming a dependent. Also look at form 8332 for release of an exemption.

This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. Click on my profile to read more. Errol Quinn Enrolled Agent

10 overlooked tax breaks

Nobody wants to overpay the IRS. These often-forgotten breaks could lower your tax bill.

Federal IRS Inheritance Income Tax Return Laws & Rates 2010, 2011