I have a client. I will name him “Jed”. Jed is a craftsman. He is a contractor. It really does not matter what his trade is, just know that he is very good at what he does and he has done a fair amount of work for me. He has done work for a number […]
The Importance Of Tax Record Keeping Part Ii – A Client Success Story Read More »
I enjoy blogging as it gives me a forum to discuss some of the issues that I see come into my office in the course of my practice. I particularly enjoy blogging about taxes because being both a tax preparer and an attorney, people come to see me about problems that were caused by other
Documentation And The Earned Income Credit Read More »
I recently had two people come to see me about tax problems. I did the taxes for one. Another tax preparer did them for the other. My client was able to meet with me regarding his issue. The other client cannot find her tax preparer, because he goes away after the tax season. My client
A Tale Of Two Tax Clients Read More »
When people without health insurance file their taxes this year, many are going to be in for an unpleasant surprise. The “individual mandate” under the Affordable Care Act, commonly known as “Obamacare” or ACA, kicks in this year. In Massachusetts we have a lot of familiarity with individual mandates, because “Romneycare” has one too. However,
Exemptions Under The Affordable Care Act (“Obamacare”) Read More »
I have written previously about my favorite Fall Bankruptcy Payment Plan. The link to that blog is here and the link to the section of my website where I also discuss this is here. Now, I am discussing it again, but this time I am throwing in a free tax return for people who take advantage of it.
Bankruptcy, Taxes, Payment Plans And A Special Deal Read More »
I am lumping bankruptcy and taxes together for two reasons. The first is that these are my other two areas of practice. I have done thousands of bankruptcies in the past and I am a tax preparer as well. So these are major practice areas of my firm. I do not believe that anyone whose
Facebook, Other Social Media And Bankruptcy And Taxes Read More »
This week I had a couple come in to do their personal and business taxes. They bought a Thai Restaurant in 2013 and set it up as an LLC. They did file for an extension on their 2013 taxes, so they had until October 15 to file. They were worried that they waited too long
I Did A New Restaurant’s Taxes In September Read More »
The IRS has put out a timely news release on College Tax Credits for 2014. For most people, the best tax credit in the group is the American Opportunity Tax Credit, which can be worth up to $2500. However, the American Opportunity Tax Credit cannot be used by graduate students or part-time students. For them,
College Tax Credits Read More »
The Earned Income Tax Credit is not “underused” in this office, nor is it misused. We use it to get the largest tax refund the law allows. Better still, unlike most professional tax preparers, we do not charge extra for applying for the Earned Income Tax Credit or the Additional Child Tax Credit which usually
Motley Fool: The Earned Income Tax Credit: Super-Powerful, But Underused Read More »