Posts Tagged ‘Personal Income Tax Returns’

Duluth/Norcross/Johns Creek CPA: Corporate and Personal Income Tax Returns

Below is a sample letter that might be used to assist a taxpayer in ensuring that tax returns are properly prepared and substantive data is provided in order to adequately prepare both corporate and personal income tax returns, while keeping one's tax bill as low as legally possible, while also staying focused on long term and strategic issues:

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Don’t Delay: File Today

Extensions are a legal way of notifying the IRS that you plan to file your return after the original due date. Both C and S Corporate returns are due March 15th of each year or two and a half months after year end. Personal returns, Partnerships, LLC's, and LLP's are generally required to be a calendar year return and are due April 15th of each year or three and a half months after year end.

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Personal Returns Due Now…Don’t Subject Yourself to Unnecessary Penalties

Please be sure to hurry and file your personal returns by October 15th. Beyond that date you are unduly exposing yourself to unnecessary penalties due to not filing a return. Thus to avoid this additional expenditure I suggest you file your personal return as soon as possible. Though the IRS will often work with those who are filing and paying their taxes even though they might need a payment/installment plan, the IRS takes a dim view for those w...

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Tax Issues Facing Atlanta Taxpayers When Preparing for Their Income Taxes

Failing to Prepare is Preparing to Fail. We focus on what we can do to interpret the future solely than rather how best to interpret the past. The below will give you a sampling of what you can personally do to get your business ready for you yearend tax bill:

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Making Sure You Pay Your Lowest Legal Possible Tax

Making Sure You Pay Your Lowest Legal Possible Tax is Job #1 at His CPA PC each and every day. Like the old commercial, we earn your trust one tax return at a time. Retaining an Award Winning CPA is one of the best things you can do to make sure that your company’s financial statements are correctly compiled, IRS Representation issues are well done, and that your corporate and personal income taxes are done ensuring that only your lowest leg...

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Seek Excellence in All That You Do…Taking Christianity Into the World

Staying away from the most common pitfalls taxpayers make is critical to your personal financial success. Careful discernment and wise application of tax law is an essential and critical part of avoiding otherwise avoidable IRS notices, penalties, responsibilities, IRS audits and amendment of prepared returns. Colossians 3:23 Whatever you do, work at it with all your heart, as working for the Lord, not for men. As a Body of Believers, we ar...

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October 15th: Final Deadline to file Personal Returns…This is the Last Safe Tax Haven

The 15th of October is the final deadline the IRS has for clients to file their personal returns. Often taxpayers fail to remember that an extension to file is not an extension to pay, accordingly taxpayers frequently are surprised to discover that late penalties/interest are assessed/and due for late payment even though a tax return has been properly/timely extended and filed.

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Lawrenceville/Snellville/Norcross CPA on Keeping Your Tax Returns Simple

The first page of Form 1040 is used to calculate the taxpayer's adjusted gross income. While many people think of their income as what is reported on form W-2, there are some other additions (and possibly some deductions) that have to be made as well. Itemizing deductions on your personal return can result in paying a smaller tax. However the rules on what can be deducted and what can't are fairly strict. Using a guide/CPA and a tax checklist are...

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Personal Tax Returns Are Due Today…Don’t Subject Yourself to Unnecessary Penalties

Please be sure to hurry and file your personal returns by April 15th. Beyond that date you are unduly exposing yourself to unnecessary penalties due to not filing a return. Thus to avoid this additional expenditure I suggest you file your personal return as soon as possible or to be sure to file an extension form with the IRS (IRS Form 4868). Please be reminded that if you file an extension to file your return that it is NOT an extension to pay y...

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Duluth/Suwanee/Johns Creek/Lawrenceville CPA: Keeping a Copy of Your Prior Tax Return Can Save You Money

Be Quick but Don’t Be in a Hurry. Though the deadline for the timely filing of Personal Returns of rapidly approaching; Be Sure You Do Them Right so you will avoid unnecessary IRS audits, liens, collections, amendments, penalties and interest. The below is a sample letter we might send to a taxpayer to ensure that a proper return is filed reflecting only their lowest legal possible tax, when a taxpayer has indicated that a copy of the prior inc...

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