Tax Relief – 2011 Taxes - Free Tax Filing Options

Category Archives: Tax Relief

The Recent Tax Scandals Of Hollywood Stars

January 15, 2012 – 2:33 pm

Nothing but taxes and death are certain in this world, and you have probably heard this said before. Hollywood stars such as Sinbad, Pam Anderson, Nicolas Cage, Marc Anthony, Martha Stewart and others have had to learn this lesson in a very difficult fashion. These celebs found themselves in hot water with the Internal Revenue Service, likely resulting from tax evasion, failure to file and remit taxes or attempting to cheat the system.

Lindsay Lohan did not remember to pay her income taxes in 2009, but there will not be a public assessment of her almost six-figure tax debt. … Read more at 2011 Taxes.

By Steve | Also posted in tax forms, Tax Law, Tax Preparation, TurboTax | Tagged Angela Simmons, Detroit News, Internal Revenue Service, internalrevenueservice, irs, Kelly Osbourne, Lindsay Lohan, Osbournes, Ozzy Osbourne, tax, TurboTax, Vanessa Simmons | Comments (0)

More IRS Audits Planned in 2012

January 14, 2012 – 2:05 pm

Nobody likes being audited by the IRS, although the chances of being audited are now actually higher as there are more of them planned.

For those filing who had an income of over $200,000, IRS audits were increased by around 34 percent between 2010 and 2011. Despite this hefty increase, audit rates in general are still low, regardless of income amount.

For those earning over $200,000, almost 4 percent were audited for the 2011 year, and for those earning over a million dollars, audits were increased by 24 percent, with around 12.5 percent of those taxpayers being audited. The Washington … Read more at 2011 Taxes.

By Steve | Also posted in tax forms, Tax Law, Tax Preparation, TurboTax | Tagged Audit, income, Internal Revenue Service, internalrevenueservice, irs, Percentage, tax, Treasury Department, TurboTax, Wall Street Journal, Washington Post | Comments (0)

Ways To Take Advantage of 2012 Tax Rules

January 9, 2012 – 12:07 pm

Its almost tax time again this year, a frightening period for many people. How can you make the most out of your tax return this year?

Here are some techniques that may save you some anguish and money when dealing with 2012 tax rates.

1. Be willing to part with some of your possessions. Tax expert Joseph Thorndike says gift and estates taxes are the lowest they have been in a long time. This is the perfect time to set up a trust for any relatives, or to hand over the reins on a family business.

2. If you are … Read more at 2011 Taxes.

By Steve | Also posted in Tax Law, Tax Preparation, TurboTax | Tagged Accounting, business, Capital gains tax, Financial transaction, Internal Revenue Service, Itemized deduction, Joseph Thorndike, tax, Tax bracket, TurboTax, United States | Comments (2)

Make the Best of Your Small Business Tax Deductions

November 10, 2011 – 10:15 am

End-of-the-year accounting can be difficult enough without the added stress of doing taxes for your small business. By gaining a clear and concise understanding of how you can make doing completing taxes for your company a simpler task, you can easily take the headache out of tax time. Follow these easy suggestions to simplify the filing process for your small business and grasp a better comprehension of how strategize your company’s tax strategies.

Prepare Along the Way

Waiting until tax time rolls around to prepare the necessary documents and get your business’s accounting updated is a struggle waiting to happen. … Read more at 2011 Taxes.

By Steve | Also posted in Tax Preparation, TurboTax | Tagged Accounting, business, Company, good, Small business, tax, Tax Law, United States | Comments (1)

How to Choose A Good Accountant or Tax Attorney

October 30, 2011 – 6:04 pm

Depending on your situation, you may look to obtain services from a tax preparer such as an accountant or tax attorney in completing your income taxes. A tax professional can help assure you receive all deductions you qualify for and make sure your income tax return is filed according to standards set within tax laws. The following tips can help you find the right person to assist you in tax preparation.

Learn about different tax professionals and types of tax preparers. This allows you to choose someone that is qualified based on your financial situation. There are preparers and professionals … Read more at 2011 Taxes.

By Steve | Also posted in tax credits, tax forms, Tax Preparation, Uncategorized | Tagged accountant, attorney, Better Business Bureau, Certified Public Accountant, choose, Enrolled Agent, good, Preparer Tax Identification Number, tax, Tax Preparation, tax return, United States | Comments (2)

What to Expect after Receiving an IRS Certified Letter

October 13, 2011 – 5:43 pm

Receiving an IRS certified letter can be a huge shock. You walk out to your mailbox one day, flip through junk mail and bank statements, and then you see it. A large, scary-looking letter from the Internal Revenue Service. Of most concern is an IRS audit letter, but a certified letter may be a CP2000, an automated adjustment notice that tells you to pay taxes on income that may have been omitted due to error. In either case, you don’t have to simply sit back and accept their demands.

Along with your IRS certified letter, you probably received a … Read more at 2011 Taxes.

By Steve | Also posted in Tax Law, TurboTax | Tagged Audit, Google, Internal Revenue Service, irs, Leonard Williams, tax, TurboTax, YouTube | Comments (3)

M	T	W	T	F	S	S
« Jan
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29

2011 Taxes – Free Tax Filing Options