Tax season for the year is over – well for those individuals who filed their returns without an extension. But that does not mean that for tax preparers, they don’t have to think about income tax preparation until the change of the calendar year. Your preparer may be involved in preparation of business returns which […]
Many people are familiar with crowdfunding to raise money for charities, for gifts, to assist victims of tragedy, etc. Some of the sites are Go Fund Me, Facebook, Kindful and so many others. It is always nice to see people looking out for others. But did you know that money raised in this manner may […]
Taxpayers needing to amend or correct a 1040 Form – including Forms 1040-SS, 1040-NR and others, can now do so electronically. Until recently, to do so required the filing of the amended or corrected returns on paper. Changes not only regarding income or deductions, but changes to filing status or to add a dependent not […]
That phrase can have so many different meanings, but as a tax preparer for many years, to me it means the end of TAX SEASON is near. For most tax preparers, at this point, they are weary, overwhelmed, and just wondering how they will get all of the returns completed, or extensions filed. You may […]
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