Don't blow it off, no matter how good your excuse
or reason is, without at least being aware of the
consequences.
If you are thinking:
I just CAN'T BE READY by Thursday.
I DON'T HAVE THE MONEY I owe.
I need another extension for a little longer,
you HAVE to read the FREE one-page bullet-point
summary I've written SPECIFICALLY FOR YOU.
Just go to www.HomeBusinessTaxSavings.com
You'll find the download link just TO THE LEFT
of the box offering a free video that reveals the
"#1 Secret to Slashing Your Taxes in Half."
Sunday, October 11, 2009
E-FILING OR PAPER-FILING? SURPRISE-THE IRS DOESN'T WANT US TO HAVE A CHOICE
If you have my book and read my Tax Tips, you
know I am NOT a fan of E-Filing of Tax Returns,
because it robs you of audit-proofing options
and increases your chances of an audit.
The BAD NEWS:
IRS is pushing Congress to force all taxpayers to
file returns electronically by 2011. But so far,
it looks like the requirement will apply only to
all tax preparers who process 100 or more tax returns.
The SOLUTION:
After our tax pro has finished his or her work
for us, maybe we'll have to atell them: DON'T SIGN
my tax return. That would still leave us the option
of filing our OWN Tax Return as a PAPER return.
know I am NOT a fan of E-Filing of Tax Returns,
because it robs you of audit-proofing options
and increases your chances of an audit.
The BAD NEWS:
IRS is pushing Congress to force all taxpayers to
file returns electronically by 2011. But so far,
it looks like the requirement will apply only to
all tax preparers who process 100 or more tax returns.
The SOLUTION:
After our tax pro has finished his or her work
for us, maybe we'll have to atell them: DON'T SIGN
my tax return. That would still leave us the option
of filing our OWN Tax Return as a PAPER return.
IS YOUR "TAX PREPARER" A "TAX PROFESSIONAL"
In most states anyone can hang out a shingle claiming to be a
"Tax Preparation Service," without any licensing or certification of any kind.
Some of them are well informed and handle the task exceedingly well.
But not all of them.Congress is yielding to pressure from the IRS to implement a registration requirement of some kind. Expect legislation later this year, but don't expect it to take effect until AFTER the coming tax season.
"Tax Preparation Service," without any licensing or certification of any kind.
Some of them are well informed and handle the task exceedingly well.
But not all of them.Congress is yielding to pressure from the IRS to implement a registration requirement of some kind. Expect legislation later this year, but don't expect it to take effect until AFTER the coming tax season.
WITH UNEMPLOYMENT NEARING 10%
Congress is about to approve an extension of Unemployment Benefits by an extra 13 weeks.
If your business has employees, you will help pay for that. The current 0.2% unemployment surtax will be extended through 2010. In dollars, the cost to you will be about $13-$15 per employee
If your business has employees, you will help pay for that. The current 0.2% unemployment surtax will be extended through 2010. In dollars, the cost to you will be about $13-$15 per employee
"FIRST TIME HOME BUYER" TAX CREDIT MAY NOT EXPIRE NEXT MONTH, AS PLANNED
It looks like the $8,000 FIRST TIME HOME BUYER tax credit,
scheduled to expire on Nov. 30, will most likely be extended for a few more months.
Also, you will NOT have to finish the buying process by the deadline,
just have a contract signed by then.
scheduled to expire on Nov. 30, will most likely be extended for a few more months.
Also, you will NOT have to finish the buying process by the deadline,
just have a contract signed by then.
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