Articles
Win big in the office Super Bowl pool? Don’t forget to tell the IRS
22 Feb 2013 / Accounting, Articles, Florida Tax Audits, Individual Tax Returns, IRS Audits, Penalties, Tax Advice, Tax Return Preparation, Tax Tips, Uncategorized, Voluntary disclosureWe have all done it. Participated in the office pool for the Super Bowl. I once won $250 a few years back by betting $20 on my team to win. Should I have reported those winnings to the IRS? Good question. According to Kay Bell, tax blogger for this recent article published by bankrate.com, I…
Happy 100th Birthday to the American Tax Code. Here’s the Best Tax Quotes of All Time…Enjoy!
15 Feb 2013 / Articles, Literature and Law, News, Tax Advice, Tax Facts, Taxpayer RightsWhat do Ben Franklin, Albert Einstein and Plato have in common? All have provided memorable quotes about taxes over the last 100 years. Since the American Tax Code is celebrating it’s 100th birthday tomorrow, it is only fitting to revisit the notable commentary provided by such a diverse collection of Americans, all with the same thing in…
Uncle Sal preparing your taxes this year? 5 signs to make you reconsider
13 Feb 2013 / Articles, Individual Tax Returns, Tax Advice, Tax Return Preparation, Tax TipsAs Americans start gathering their 2012 tax documents for the annual pilgrimage to their tax preparers office, here are 5 signs your tax preparer may be trouble waiting to happen. As Brian O’Connell, of MSN Money in 5 Signs of a Lousy Tax Preparer shares these tips can save you a lot of financial headaches and heartaches if you…
Can I Settle my IRS Debt? A Questionnaire
01 Feb 2013 / Articles, Back Taxes, IRS SettlementsAs published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers in Compromise (IRS settlements) are very difficult to get, but the IRS does grant them. I put together this short questionnaire for taxpayers to use to determine whether or not they qualify for an IRS settlement. Form 656 is the Offer in…
IRS Aggressively pursues business owners who fail to remit payroll taxes
01 Feb 2013 / Articles, Criminal Tax, Payroll TaxesAs published in the Seminole Voice Newspaper, July 13-July 26, 2012 The IRS Aggressively Pursues Business Owners who Fail to Remit Payroll Taxes We have been helping business taxpayers with their IRS tax problems for a very long time. One of the worst tax violations we encounter is the failure of an employer to remit payroll…
The 3 most frequently prosecuted tax crimes
01 Feb 2013 / Articles, Criminal Tax, Unfiled Tax ReturnsAs published in the Winter Park/Maitland Observer Newspaper on December 6, 2012 The IRS criminal investigation division investigates and refers for prosecution some tax crimes more than others. Here are the three most frequently prosecuted tax crimes: Failure to File Tax Returns The Law 26 U.S.C. § 7203 – Willful failure to file return, supply…
5 Rules for Keeping Your Tax Records
01 Feb 2013 / ArticlesAs published in the 1st Quarter 2013 Osceola ReView Magazine for Osceola County Realtors For disorganized people April is indeed the cruelest month. If you haven’t gotten your tax information to your tax preparer by now, it’s probably because you’ve been running around like Robin Williams on Red Bull trying to locate your receipts. You look…
Happy Valentine’s Day Taxpayers! First Round of Refunds to Hit the Mail Mid-February
01 Feb 2013 / Articles, Blog Posts, Tax TipsIn spite of the delays in tax season, early bird tax filers, could see their refund checks as early as mid February, just in time for Valentine’s Day, with an average refund of $2,700, according to the IRS. For the average American household, this refund equates to a full month’s income for a couple. And what will…