Hey, it is my job to make you aware of taxes like this – taxes you don’t think about until the IRS sends you a letter and you have a heart attack. See this posting in The Fiscal Times Life and Money by Laura Shin – prepare to be amazed: http://www.thefiscaltimes.com/Articles/2014/02/07/10-Suprising-Taxes-You-May-Have-Pay So now there are no excuses to not pay your fair share of many of the unusual taxes you probably owe. Just doing my job. So get out that checkbook and be ready for April 15. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Download my business app Available for IPhone and IPad: https://itunes.apple.com/us/app/briantstoner/id810483959?ls=1&mt=8 Available for Android: https://play.google.com/store/apps/details?id=com.app_briantstoner.layout&hl=en Has been Featured On https://twitter.com/bstonercpa
Tax Musings of a CPA: Four Ways to Get IRS Tax Forms
Hey, at this time of year, your business may need to prepare W2s, 1099s and possible simple income tax returns for your kids or relatives. You can get a preparer to file these items, or you can do it yourself. While I recommend the former and not the latter, if you have decided to do the deed on your own, you can get various federal tax forms in a number of ways. See this IRS posting on four ways to get the forms: http://content.govdelivery.com/accounts/USIRS/bulletins/a336d7?reqfrom=share Just keep in mind that if you mess up these filings to save money, you are risking getting a bunch of letters from the IRS that might make you think twice about doing this again. Then again, maybe not. Also remember that you are probably going to have to file some state forms, too – don’t forget about them. I guess there is no way to tell how big a disaster this year was until you have to decide about this same time next year. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa
Musings of a Burbank CPA: Information on The Earned Income Credit (EITC)!
Hey, if you only worked for part of the year and earned less than $ 51,567, you might be eligible for the Earned Income Credit (EITC). See this information from the IRS and learn the rules to see if you qualify: http://content.govdelivery.com/accounts/USIRS/bulletins/a30940?reqfrom=share I think you should always check to see if you can qualify for certain credits, especially refundable credits! You need to at least look at the rules and see if there is some way to get one of these credits. Just remember that most of these credits are more for lower income people than not, but sometimes the not may not always apply. For financial, accounting and tax musings, You can count on us to count for you! Email: bstonercpa@sbcglobal.net Phone: 818-317-6035 Website: www.briantstonercpa.com Has been Featured On https://twitter.com/bstonercpa