Wednesday, January 27, 2016

IRS issues 10 tips for choosing a tax preparer

Filing season began a little more than a week ago, and while some taxpayers have already filed their 2015 returns, many others are still gathering receipts and shopping around for a tax professional. To help the latter group, the IRS suggested ten things to do when choosing a tax preparer.
Here’s the checklist:
  1. Check the Preparer’s Qualifications.
  2. Check the Preparer’s History.
  3. Ask about Service Fees.
  4. Ask to E-file Your Return.
  5. Make Sure the Preparer is Available.
  6. Provide Records and Receipts.
  7. Never Sign a Blank Return.
  8. Review Your Return Before Signing.
  9. Ensure the Preparer Signs and Includes Their PTIN.
  10. Report Abusive Tax Preparers to the IRS.

Tuesday, January 26, 2016

Business/Personal Philosophy

My philosophy for all phases of life.

Be Kind  -  Be Fair  -  Be Happy!!


Wednesday, January 13, 2016


Everyone knows someone in one way or another that has been scammed, or someone tried to get them in a scam.  But when it comes to taxes, people tend to panic and not look at what is happening with a specific situation.

Make sure your elderly relatives and other people who may be susceptible know of these scams and to talk about what they may feel is a scam.

Phony calls from the IRS:
This scam has a person acting as an IRS agent and informing you they have a warrant for your arrest. Please get a prepaid card or wire money directly immediately or you are off to jail.  REALLY!!

If you are concerned that you owe the IRS money, call them directly at 1-800-829-1040.

Fraudulent email from the IRS:
Please understand the IRS does not send emails!!  It's a direct scam to get information from you so they can steal from you.

False tax returns in your name:
People use the above scam to get your information to then file a false return for a big refund.  The problem can be fixed, but it's not an easy process.  Safeguard your social security number and file your return as soon as you have your paperwork.

Shady tax preparers:
Research your tax preparer, search for reviews and ask for referrals.

Promises of a large tax refund:
Beware of faked returns to get you a refund - after the preparer skims off the top.  If you get audited, it's your problem as the IRS holds the taxpayers legally responsible for the information on their return.

Fraudulent charities:
Fraudulent charities are always a problem.  But if you use one as a tax deduction and are audited, you could be hit with more taxes and a penalty.

Beware of phone calls asking for donations and requests through the mail.  Never give them your social security number - this is another way they are stealing your identity.

Please be aware of these scams - and there are many more out there with new ones everyday.  When in doubt, please call the IRS directly at 1-800-829-1040 for more information on your account - or - research your concerns online.


Monday, January 11, 2016

2015 Filing Deadline for Personal Taxes

2016 Tax season opens January 19th for the nation's taxpayers, which the IRS will begin accepting individual electronic returns.

The filing deadline to submit your 2015 tax returns is Monday, April 18, 2016.  Due to Emancipation Day on Friday the 15th, the filing deadline is pushed out to the following Monday.

Due to Patriots Day, the deadline will be Tuesday, April 19th, in Maine and Massachusetts.


Friday, January 8, 2016

Most Outrageous Tax Deductions of 2016

What are some of the most outrageous tax deductions of 2016?

Expensive Clothing
Baby Grand Piano
Misinterpretations of Charitable Donations
Foot Powder for Smelly Feet
Business Boat
Valleyfair Season Tickets
Cat Food and Litter
A Wedding to Remember
Keeping Yourself Rejuvenated (Botox, tanning, etc)
Commuting to Work

Lets not give the IRS a reason to look at your tax return.

Joe, JLDE Services