Archive for June, 2010
How to Settle IRS Tax Debt For a Fraction of What is Owed Posted By : Dr. Becky Gillaspy
Do you have tax problems? Well you are not alone in fact I was exactly where you are last year and now I have a settlement that I can live with that takes care of my past taxes and allows me enough breathing room to pay and stay current with my new taxes. How did I do it? This article walks you thro
IRS Debt Settlement Company – The Cost of Hiring Help Vs the Cost of Settling on My Own Posted By : Dr. Becky Gillaspy
If you have tax debt problems with the IRS you are likely getting letters, calls or even visits from an IRS agent, this is a scary place to be because let’s face it the IRS uses a lot of intimidation to get people to pay them. The question is whether it is better to hire an IRS debt settlement compa
Understanding Tax Law The Carrot and The Stick Posted By : Richard A. Chapo
It has often been suggested that the tax rate at any particular time is equal to the nerve the government has to take away the money of its citizens. If this is true, all I can say is the government has a lot of nerve lately!
Dual Basis Questions On EA Exam Posted By : Sawyer Adams
Why have only a select few tax professionals chosen to earn the EA credential? After all, most have no credentials at all and there are almost ten times as many Certified Public Accountants (CPA) as there are enrolled agents. Perhaps it is because enrolled agents were the only tax professionals required by the US government to demonstrate their tax expertise by passing a difficult qualification exam. Most tax preparers, both experienced and inexperienced, have elected not to take the EA exam because they simply were not required to do so. While I am certainly not attempting to diminish the qualifications, neither attorneys nor CPA’s are required to demonstrate competence in tax preparation or representation matters before they may stand for taxpayers before the IRS. Perhaps that is because the prerequisite education and bar exams and are viewed as difficult enough to justify admittance.
Common Questions About Quarterly Tax Payments Answered Posted By : roni deutch
Whenever an estimated tax payment due date is near, Roni Deutch Tax Centers across the country get plenty of calls from taxpayers looking for help calculating their estimated tax payments. To help confused taxpayers we have put together the following collection of answers to questions we are often asked.
Tax Implications of the BP Oil Spill Posted By : roni deutch
With oil washing up onto the American coast, and reports of massive underwater plumes, it is hard to imagine things could get any worse. However, the oil spill will have a long-term financial affect on the oil industry, businesses and millions of taxpayers.
Enrolled Agents And The New IRS Return Preparer Registration Rules Posted By : Sawyer Adams
Soon the IRS Office of Professional Responsibility will require all tax return paid tax return preparers who are not attorneys, certified public accountants or enrolled agents to take a competency test. Currently any person may prepare a federal tax return for any other person for a fee. There are no minimum competency standards. The IRS plans to require that paid tax return preparers who are not attorneys, certified public accountants, or enrolled agents pass an IRS competency test. It should be noted that certified public accountants, attorneys and enrolled agents already take competency tests.
Update On The New Tax Preparer Regulations Posted By : Sawyer Adams
Why have only a select few tax professionals chosen to earn the EA credential? After all, most have no credentials at all and there are almost ten times as many Certified Public Accountants (CPA) as there are enrolled agents. Perhaps it is because enrolled agents were the only tax professionals required by the US government to demonstrate their tax expertise by passing a difficult qualification exam. Most tax preparers, both experienced and inexperienced, have elected not to take the EA exam because they simply were not required to do so. While I am certainly not attempting to diminish the qualifications, neither attorneys nor CPA’s are required to demonstrate competence in tax preparation or representation matters before they may stand for taxpayers before the IRS. Perhaps that is because the prerequisite education and bar exams and are viewed as difficult enough to justify admittance.
The Tax Consequences of Unemployment Posted By : Richard A. Chapo
Losing your job is a nightmare. Unfortunately, this has happened to millions of Americans the last few years as weve gone through the Great Recession. With a reported unemployment rate of nearly 10 percent and a real unemployment rate of over 17 percent, it has been a tough time for just about everyone. Many are relying on help from the government, but there are tax consequences to that help.
Managed and self managed super funds Posted By : nathan86
Now a days many things are uncertain like economy. You cannot expect more returns on your investment because your investment is dependent on the market growth. There are two types of super funds which are managed and self managed super funds. And of course all things have their own some advantages along with some disadvantages.