The Tax Preparation Blog

Posts Tagged ‘tax-help’

Question: I need to know if tax fraud has been committed by my tax preparer. I am divorcing my husband and have discover?

discovered, upon discovery, our joint tax returns were sent in without my signature. Is this legal?

Answer: Contact a lawyer and ask him. This sounds serious to me, and I”m not an accountant, but I would find out if it were me!

Pembroke tax preparer pleads guilty to fraud

RALEIGH — A Pembroke tax preparer pleaded guilty this week in Wake County Superior Court to felony tax charges filed by the North Carolina Department of Revenue. Robbie G. Revels, 38, of 503 Breec…

Tax Tips: Dirty Dozen – February 2010

Question: report a tax preparer?

hi iam a CPA. i have been doing accounting & income taxes for 29 years now. thees past few years i have had some clients come in and show me some of there tax return done from this other preparer and he has been adding deductions that they were unaware of. Some deduction includes employee expenses, charity, property taxes, vehicle mileage to and from work & credits for education that they never went to school. the past year. i know if the clients gets audited they would get it trouble but i don’t think its right for the preparer to add these deductions.

Answer: there’s always some shyster preparers who will do this to get as much business as he can and he probably leaves the area when tax season is over and he has made his bundle for the year
absolutely report him, every year more and more unscrupulous preparers are found and prevented from ever Preparing Taxes again, including lawyers and CPA’s

Health Savings Accounts: A Tax-Savvy Way to Get Coverage

For most taxpayers, health savings accounts and health reimbursement arrangements are better than the medical tax deduction.

Give to Haiti and Receive an Instant Tax Deduction on Your 2009 Tax Return

Question: how to sign tax form while filing online?

i am filing tax online for the first time. i am really confused about signing. how to sign the form while filing online in case of federal tax and in case of state tax they ask for the date the tax return form is signed. by the way, i am using taxact. please help.

Answer: I can’t speak specifically to TaxAct, but most online systems require you to include your AGI from your 2006 tax return along with a 5 digit self-select pin number.

If you do not know your 2006 AGI, you will still be able to submit your tax return electronically, but you will have to fillout, sign and mail in Form 8453. TaxAct should be able to provide this form for you to print and sign.

Some states do not allow you to file until your federal return has been accepted by the IRS. They are looking for the date you electronically filed your federal return as the date the tax return is signed.

Blue River tax questions aimed to make up for property values

BLUE RIVER — The town is asking voters in November to approve sales, use and accommodations taxes as Blue River braces for a loss of property tax revenue in 2012.

Why you should own a home based business with (Free Online Tax Help) with “Free Online Tax Help“

Question: What liability do tax preparers have?

My tax preparer made a mistake when entering information on my tax forms from last year. This mistake may cost me $10,000 in back taxes from last year and thousands less on my return this year. Are tax professionals typically held liable for these mistakes or does the fault most often fall back on the tax payer themselves?

Answer: What is the real problem? Did the preparer make a mistake that will cost you $10,000 extra or did the preparer make a mistake by overlooking a $10,000 liability that you had anyway? It is unlikely that a preparer will make a mistake that can’t be fixed that generates additional tax and if you owed it in the first place, you haven’t been harmed. To the extent that you have to pay extra you may have some private claim against the preparer.

Expiring Bush Tax Cuts Present Dilemma for Preparers

The Senate Finance Committee held hearings last week to consider the effects of the soon-to-expire Bush tax cuts, and those problems could be magnified for tax practitioners and their clients.

How to Pick the Right Tax Preparer

Question: Why do liberals fear Corporate America more than the Federal Government?

While some companies can break the law at times, there are consequences for them:

–Criminal or Civil cases prosecuted by the Federal / State Governments resulting in fines and / or imprisonment.
–Consumers can choose to not purchase product / service from said company.
– Stock holders can sell their shares, hurting the company further with less capital to work with.

However, no company has the ability to:

Make Laws
Make Public Policy
Levy a tax against you
Declare War
Infringe upon any of your Constitutional Rights

Throughout human history, it is Governments that have decided the fate of Billions of people. Their freedoms, standard of living, and even their life

Yet it seems that most on the left are far more willing to “trust” in the “good intentions” of Government while declaring entities that cannot effect your rights as “villainous”
Does corporate “greed” not equate to Government’s thirst for “power”

Answer: They dont understand history or how america became to be the strongest, greatest most productive, richest nation of all time….

La Crescent-Hokah board adopts 2010 tax levy

The La Crescent-Hokah School District’s 2010 tax levy is increasing slightly over last year, and the board of education approved that increase during the truth-in-taxation portion of its general meeting Dec. 16.

8. What’s the difference between an IRS Federal Tax Lien and an IRS Levy?