IRS Cancels Postcard-Sized Income Tax Return

IRS Cancels Postcard-Sized Income Tax Return

(CPA Practice Advisor) – It’s not like the nation’s tax collection agency was expecting pictures of scenic views of mountains and oceans or tourist attractions. But plans to provide taxpayers with a postcard-sized Form 1040 have been officially scrapped.  The...
IRS Cancels Postcard-Sized Income Tax Return

Tax Tip 2019

It is hard to believe we are already halfway through 2019. To be proactive for 2019 tax returns, now is a great time to talk with your accountant or tax preparer to do a paycheck check up or a quick analysis of your profits for self-employed businesses.  This will...
IRS Cancels Postcard-Sized Income Tax Return

What you need to bring to have your taxes done

Social Security Cards Picture IDs Mailing address and phone numbers Bank account info (for refunds) W2s & 1099s Interest and all other income 1098 Mortgage Interest paid Child care paid (provider name, ID#, address) Other Deductions Medical Insurance Other Medical...
IRS Cancels Postcard-Sized Income Tax Return

NEW INFORMATION FOR OUR CLIENTS

The set-up fees for an Installment Agreement with the IRS to pay off your tax liability in payments has changed from $ 225 to $ 120. The previous set number of months to pay off a tax liability through an Installment Agreement was 60 months, it is now 72 months. If...
IRS Cancels Postcard-Sized Income Tax Return

Notices from the IRS

IRS Criminal Investigation office is currently being inundated with reports of the latest scam whereby a fraudster poses as the CEO of a company and requests that an employee(s) provide all employees’ current year W-2 information to him/her.  The fraudster then uses...