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THE TRUE COST OF DO-IT-YOURSELF TAXES

Fellow tax professional Dave Ramsey recently preformed a survey of 2000 taxpayers; about half of who prepared their own returns, and the other half who had them prepared professionally. This is what he found: When you use software to file your income taxes, there’s a moment, an instant just before the point of no return,… Continue reading

OPTIONS FOR DEALING WITH A TAX LIEN

If you have a tax liability with the Internal Revenue Service (IRS), you should be aware of what a tax lien is.  A tax lien is a tool used by the IRS to enforce collection of an unpaid tax liability.  It allows the IRS to take your assets—your checking account balance, your cars, even your… Continue reading

TIPS FOR TAXPAYERS WITH NAME CHANGES

The IRS recently released a list of 5 tax tips for taxpayers who have recently married or divorced, and are planning on filing their taxes with a different last name than in years past.  If you fall into this category, it is important  to ensure that the name on your tax return matches the name… Continue reading

ARIZONA BILLS AMAZON.COM $53 MILLION

The State of Arizona is taking the first crack at trying to collect sales tax from amazon.com–the biggest online discount retailer.  According to a filing with the SEC, Arizona calculated that Amazon owes the state & various cities $53 Million in uncollected taxes from March 1st, 2006 through December 31st 2010. Amazon plans to defend…Continue reading

IRS RAINS ON GIANT’S ANTREL ROLLE’S PARADE

If you’re a Giant fan like me, you are probably a little groggy from celebrating the Giant’s win over the Patriots in Super Bowl XLVI last night.  However, Antrel Rolle celebratory mood was probably dampened a little bit by a recent IRS ruling that he failed millions in taxes: U.S. Tax Court documents…show that the… Continue reading 

 


Looking for additional resources?

Visit these sections of our blog for additional reading and tax resources: The True Cost of Doing Your Own Taxes

 

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