If people do not file their taxes on time, then they need to file their taxes late. If you owe tax, then there is penalty and interest to pay for filing late. If you receive a refund, then there is no penalty. However, you need to file your tax return within three (3) years of […]
I posted in October about Bankruptcy, Taxes, Payment Plans And A Special Deal. In that blog, I linked to my Favorite Fall Payment Plan, which is to pay $200 in the Fall to stop the phone calls and pay the rest when the tax refund arrives. I also announced a special deal, which is that anyone
Bankruptcy, Taxes, Payment Plans And A New Special Deal Read More »
When you withdraw money from a Health Savings Account (HSA), you will receive a 1099 saying how much was disbursed. That 1099 does not necessarily say what you used it for. If you withdraw money from an HSA in order to pay any kind of health care expense, that would include eye glasses, prescription drugs,
Record Keeping And Health Savings Accounts Read More »
People have wondered why it is that lately I have been pounding my blog and pounding Facebook with various posts about tax preparation. People say to me ‘Louis, you are the accident lawyer, what is with all this tax preparation stuff?’. They are concerned that I am giving up my bread and butter practice in
The Plan Is Working Read More »
One thing that I notice that a lot of plain vanilla tax preparers do is promise “audit defense” or to “represent you” in a tax audit. However, they are not so clear on what that means, and do not tell you that their “guarantee” is limited to what they may legally do. The Internal Revenue
Audit Defense, Representation Rights, And Tax Preparers Read More »
As I was driving to work this morning, I passed Liberty Tax Service. They are advertising “Get $50.00 now”. Last night when I was web surfing, I saw that Jackson Hewitt was offering a $50.00 Walmart gift card for filing with them. I do not do such things. If I charged $200.00 for a basic
Beware The Get $50 Tax Preparer Charade Read More »
I had a client of mine come in today, and after we talked about her case, I asked her about her taxes. She told me that she goes to Liberty Tax Service, but that she was thinking of changing because they are very expensive. I asked her how much they charged her last year, and
Liberty Tax Service And The Earned Income Credit Read More »
I received a notice recently from the National Society of Tax Professionals providing the average fee charged by tax preparers. My fees are much lower. The headline fee in this flyer, which I am linking to here, indicates that for a basic 1040 return with a Schedule A, the average tax preparer charges $243.00, including the
What Is A Fair Price To Pay A Tax Preparer Read More »
I had a fun day in the office doing taxes. I had a woman come in who has been a client of mine for years. After I finished her return, I went to tell my wife that she was here, so that she could say “hello” (part of the fun of tax season is that
A Fun Saturday In The Office Read More »