Tax Returns May Experience Delays Due to Increased Cases of Tax Fraud

Although the Internal Revenue Service (IRS) works hard to ensure that it screens for potentially fraudulent tax returns as well as issue refunds to genuine taxpayers all-in-one go, ensuring that the two operations run simultaneously and effectively has proven to be more than just challenging. In numerous occasions, the return files faultily flagged as potentially…

Are You Eligible To Deduct Work Expenses As An Employee?

The typical answer to whether you can deduct work related expenses as an employee is “No, you have to be a business to do that.” Yes, there are deductions for union dues or pension contributions that affect all workers, but there are also deductions for employees for certain types of expenses depending on what you…

Tax Identity Theft Awareness

The biggest challenge in handling it is the fact that social security numbers of people can be obtained from various sources which an individual may not have control over. Such sources may include hospitals, nursing homes and schools. The act takes away from the National Treasury’s in the form of tax refunds; where these funds…

3 Tips to Avoid Being a Target

The call came a few weeks after I returned to the U.S. from South Africa. It almost got me. It must have been early morning, because I was still getting ready to head for the train station. “Is this Edward?” said the voice. Yes, it was. “Well, Edward, I’m calling to let you know that…

Tax Refund – How To Get Your Biggest Tax Refund

During tax season, millions of Americans anxiously wait for W2’s, 1099’s, 1098’s and other documents needed to file income taxes. Some get excited about the lump sum refund owed to them but most professionals cringe at the thought of filing taxes. Usually praying to just break even and not owe the government any money. The…

Make the Most of Your Tax Refund

If you’re like most people, when tax season rolls around, you file and then wait impatiently for your refund, which you’ve spent before, the check is even in your hands. How did you spend your refund? A new TV? Or that great vacation you’ve been wanting to take? This year, think about doing something different…

5 Tax Tips Every Small Business Owner Should Know

Our firm does not do taxes, even though I did them for 12 years. When I began my practice that was a service I simply did not want to offer. However, we do partner with CPAs and other tax professionals to be certain that the guidance we provide our clients is in line with the…

Savvy Approaches to Make the Most of Your Taxes

2016 is already off to a quick start and with April 15th getting closer, it’s that time of year again to think about your taxes. We’ve all seen the countless television ads but have you actually followed through and filed your taxes yet? How you decide to file depends on your personal situation and until…

How To Apply For A Duplicate PAN Card

A PAN card holds the same value for Indians as the Social Security Card for US citizens. PAN translates to the Permanent Account Number issued by the Income Tax Department of India under the supervision of the Central Board of Direct Taxes. This identification number is a 10 digit string of alphanumeric characters. Every registered…

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