Hello Clients and Friends: The 2018 Tax Season officially began January 28th. I am ready to serve your tax preparation needs, so you may start sending your documents over at any time. Please take a moment to read the details below. Getting Your Documents To Me, Drop-Offs and Appointments CURRENT CLIENTS: In order to meet […]
The 2018 Tax Season Has Begun!
Hello Clients and Friends The 2018 Tax Season officially began January 29th. I will officially begin working with clients on Thursday, February 1st, so you may start sending your documents over at any time. With all of the recent tax changes, your 2017 Client Tax Questionnaire is not yet ready. I will send it to you in the […]
It’s Tax Time – What Do I Need?
You only do it once a year, so it can be difficult to remember what documents are needed. If I’m your tax preparer, start with this one 2016 Client Tax Questionnaire Client Tax Questionnaire, and provide a copy of your social security card and your state issued identification. Next, do the following: FIRST – — Verify the […]
When is the Soonest I Can Get My Taxes Prepared in 2014?
The 2014 tax season officially begins on January 31, 2014. That is the soonest you can get your taxes prepared IF you have all of your W-2, 1099 and other tax forms in your possession. A few years ago we saw a trend where tax preparers would prepare and e-file a client’s tax return using […]
2013 Tax Season – Income Tax Preparation by Michelle Walker-Wade
This year’s tax season is off to a late start, with the IRS not opening until January 30th, and other regulatory agencies adding more requirements and deadlines to the tax preparers. Having said that, I will begin seeing clients in February, but may not be able to offer certain services until closer March. Know that […]
Tax Fraud – The IRS is Actively Going After Preparers AND Their Clients
I have a few clients who propose illegal ways to decrease their tax debt to me; some do so knowingly and others unknowingly. It’s my responsibility to keep us both on the right side of the tax law and out of trouble with the IRS. I do this to the best of my ability and […]
The 2011 TAX DEADLINE is almost here!
Hello Clients! This year’s tax deadline is April 17th and that’s just 12 days away. If you’ would like your income taxes prepared and/or finalized by this deadline please get your information to me by April 13th. You can send your information via fax, email, or mail. You may also make an appointment to meet […]
Should She Claim Her Adult Son as A Dependent?
In this tough economy we see millions of degreed adults unable to find work. As a result, many have returned home to live with family, gone back to school to learn a new skill, and are most likely receiving some kind of government benefit such as unemployment insurance payments and/or cash aide (welfare, food stamps). […]
2011 Minimum Income Requirements to File a Federal Income Tax Return
Wondering if you HAVE TO file taxes this year? Take a look at the chart below. Find your tax filing status and then cross reference it with the income you received from all sources in 2011. These figures only apply to people who are NOT being claimed as someone’s dependent. Read my blog “Should She […]
1099-Misc: Other Income vs. Nonemployee Compensation
One of my small business clients received a form 1099-misc from one of her customers for whom she’d performed a business service. The customer unknowingly reported the income using box 3: “Other Income” when she should have reported it in box 7: “Nonemployee Compensation”. So what’s the difference? One is for payment for services performed, […]