The Tax Preparation Blog

Posts Tagged ‘reference’

Question: CPA or CPA candidates help! Advanced accounting? or Auditing (Financial)?

Hi. I have a bachelor’s degree (not accounting or business-related major). Although I don’t have accounting major degree I took lots of accounting and business-related classes at Junior College and University after transfer.
I did look at my college transcripts and found out that I only have 3 units left to meet educational requirements (accounting 24 units, business-related 24 units). And I’m thinking about to take “Advanced accounting” or “Auditing (Financial)” class at an accredited education institute.

I took “Principle of accounting 1 and 2″, “Intermediate accounting”, “Federal Income tax”, “Cost Accounting”. And I’m eligible to take both Advanced accounting and Auditing class.
But I only want to take one of them due to money issue.

And then from next year I want to start review courses either Becker or Wiley.

Which class do you recommend me to take? Advanced accounting or Auditing?

Thanks

Answer: Auditing. It would help you in your CPA board exam. Take note that it involves both theory and practice. Also you need to have extensive knowledge in Financial Accounting. Auditing is purely analytical whereas Advance Accouting is more procedural.
I took both since I finished BS Accountancy. Auditing is one of the most difficult subject areas in my undergraduate years and also during board exam. But it’s worth it because I get to work in an Accounting firm years ago. Now I’m into Forensic Accounting. Much more interesting.

Property Management Kit For Dummies (Book & CD) $18.88 Thinking about becoming a landlord? Property Management Kit For Dummies, 2nd Edition gives you proven strategies for establishing and maintaining rental properties, be they single family or multi-resident. You’ll see how to prepare and promote your properties, select tenants, handle repairs, avoid costly mistakes and legal snafus — and meet your long-term goals. You’ll learn all the basics of …

Wiley Registered Tax Return Preparer Exam Review 2012 (Wiley Tax Return Preparer Competency Exam Prep: Individual Tax Filing) $35.06 The most effective system available to prepare for the new Tax Return Preparer Competency ExamIn recent years, the role of third party assistance in tax return preparation within the United States has become more significant. To acknowledge this trend, the IRS is strengthening partnerships with tax practitioners, tax return preparers, and other third parties in order to ensure effective tax admini…

U.S. Master Tax Guide (2012) – Includes Top Federal Tax Issues for 2012 CPE Course $20.00 The tax professionals favorite quick reference meticulously researched to cover any issue affecting tax returns – also now includes Top Federal Tax Issues for 2012 CPE Course. The years significant new tax developments are conveniently highlighted and explained. Explanations are footnoted to provide accurate, legally-sound guidance on applying and complying with todays complex federal tax laws. In…

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Dolby Labs: The Kings of Immersive Audio Selling at a Discount

By Bill Smith. INVESTMENT THESIS Read more » »

VITA Program

Question: Is it really time for change??? CALIFORNIA, about time marijuana gets legal YAY!?

its about time, california has new bill to legalize marijuana, they said NO MATTER WHAT, if its not legalized it will be decriminalized! HAHAHHAA… 95% said yes 5% said no to legalization to marijuana. Isnt it pothic that the goverment tells you what you can and cant do with your free time even though we pay taxes and shit????? i can go to a bar and get so drunk falling over, people staring fights and getting killed, BUT I CANT SMOKE A BLUNT OR EVEN A LITLE JOINT???? every year more n more states are legalizing marijuana JUST GET IT OVER WITH ALREADY, LEGALIZE IT!!!! WHY ISNT IT LEGAL ALREADY??? WHO KEEPS DENIEING THE LEGALIZATION?? the people want it legal its clear of that with the votes…. but its still illegal, pothic.

YOUTUBE – CALIFORNIA MARIJUANA LEGALIZATION

Answer: Small amounts of marijuana haven’t been a criminal offense in California since 1976. If caught with less than an ounce you get a citation for which the fine is 100 dollars. Also busts for small amounts don’t even show up on your criminal history.

I look at the current marijuana laws in much the same way as prohibition was back in the early 20th century. At one time the federal government thought alcohol was responsible for so much damage to society they tried to ban it.

Prohibition was a disaster remember? Despite stiff penalties for possession, sales and consumption of alcoholic beverages the vast majority of the American public continued to drink.

The major difference between now and then is instead of Chicago based mobsters like Al Capone raking in millions of dollars per year from producing and distributing illegal liquor you’ve got Mexican drug cartels calling the shots.

I would like to see weed legalized, taxed and regulated in the same manner as alcohol. If the pending California legislation passes it’s expected to bring in BILLIONS per year.

Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies $5.00 In her shocking new book, Malkin goes where the mainstream media refuse to tread. She digs deep into the records of President Obama’s staff, revealing corrupt dealings, questionable pasts, and abuses of power throughout his administration….

Wills, Trusts and Estates Examples & Explanations, 4e $19.00 This popular study guide helps students master the complexities of wills, trusts, and estates through a combination of textual material and well-written, comprehensive examples, explanations, and questions. Examples & Explanations: Wills, Trusts, and Estates, Fourth Edition, provides students with the essential background and review materials they need to practice applying legal concepts…

Bankruptcy and tax aspects of distressed real property: Program material, May/June 1987 (Advanced-level real property programs) …

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Mouse trapped: Internet swindlers grow more sophisticated, gathering info from the social networks

For Sacramento grandmother Pat Blucher, it was a financial plea she couldn’t resist. A few weeks ago, her distraught granddaughter called from Canada, saying she’d been arrested on drug charges and needed bail money. Immediately.

Attorney Jailed Denied Rights for Exposing Judicial Corruption, Richard Fine California

Question: Alright, so if I claim RRSP’s ($5000), tuition ($1400) and my personal deduction, ($9600) in Canada….?

is it the same percent that I get back from all of them? 15%. I made around $40000 this year, so $1138 of that is taxed at 22%, the rest 15%. Also do these deductions just apply to my federal income tax or my provincial as well?

Answer: There is a separate provincial non-refundable tax credit. The easiest way to figure this out is to look at the actual Schedule 1 and provincial tax calculation.

Wiley Registered Tax Return Preparer Exam Review 2012 (Wiley Tax Return Preparer Competency Exam Prep: Individual Tax Filing) $35.06 The most effective system available to prepare for the new Tax Return Preparer Competency ExamIn recent years, the role of third party assistance in tax return preparation within the United States has become more significant. To acknowledge this trend, the IRS is strengthening partnerships with tax practitioners, tax return preparers, and other third parties in order to ensure effective tax admini…

78 Tax Tips For Canadians For Dummies (For Dummies (Business & Personal Finance)) $24.99 Compiled by an expert team of accountants, 78 Tax Tips For Canadians For Dummies offers practical tax planning strategies. These individual tips offer straightforward advice and insight that will save readers aggravation and money….

Erosion of the Personal Income Tax Base in Canada and the United States. …

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Scott Burns: The old model is outdated, failing; time for America 2.0

My recent column suggesting Congress should make a down payment on restoring our trust by returning the excess employment taxes workers have paid since 1984 hit a nerve. Reader mail carried messages of frustration and anger – a sense of futility about change. Responses to a follow-up column on the size of our financial problem brought questions: OK, readers asked, what should be done?

Go! Tax Canada

Question: tax return in canada?

i worked for a year in canada on a working holiday visa, i will soon be going back home to europe – how do i go about getting a tax return?
i know there are companies that can do it, but one quoted me 10% as their fee, and having estimated that i may be entitled to $2000 return, that would mean im paying them $200 which seems a bit of a rip off.

Answer: First, determine if you are considered a resident or a non-resident of Canada. Once you’ve figured that out, you’ll be able to use either the General Income Tax Return, or the Return for non-residents and deemed residents.

http://www.cra-arc.gc.ca/formspubs/t1general/menu-e.html

http://www.cra-arc.gc.ca/E/pub/tg/5013-g/5013-g-01-06e.html

The International Tax Centre might be able to help you in determining your status, if you’re stuck. They are at:

1-800-267-5177

Quicken Premier 2011 – [Old Version] $31.99 The Intuit Quicken 2011 Premier Software organizes all your accounts – bank, credit card, investments, loans, retirement accounts – in one place. Intuit Quicken 2011 Premier Software helps you simplify and organize your finances so you can save more,, maximize investments and grow your net worth….

Quicken Premier 2010 [OLD VERSION] $22.99 Manage and Grow Your Investments – Personal FinanceMade EasyProduct InformationQuicken Premier 2010 includes all of the features and tools of Quicken Deluxe2010 plus it organizes your personal finances – and makes portfoliomanagement easier – by bringing your accounts together in one place helps youchoose the right investments to reach your goals and identifies ways tominimize taxes on…

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Top Things Families Should Know About Taxes

OTTAWA, ONTARIO–(Marketwire – 03/08/11) – The Canada Revenue Agency (CRA) has a number of benefits, credits, and services to help families meet their financial obligations throughout the year, reduce the amount they owe at tax time, and provide them with convenient online options. Read on to see if the following tips can help you or your family. 1. Child benefit amounts: Use our online benefit …

9.12 DC TEA PARTY – MARCH FOOTAGE WITH INTERVIEWS

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QuickBooks Accountant 2012 $349.99 Financial Management – Standard Retail – PC…

QuickBooks Online Simple Start $18.70 Easy to learn and use, QuickBooks Online Simple Start enables you to get started and organize your small business finances quickly. Save time by instantly creating invoices and paying bills with just a few clicks. Log in to a secure website to access your data from any Internet connected PC or Mac computer or mobile phone. Tax time is a snap with one-click reports. QuickBooks Online Simple Start …

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Jobless Claims Fall to 368K

Initial Claims for Unemployment Insurance were much better than the expected level of 400,000.

W4 Calculator Withholding for 2010, 2011