Hi Everyone, Can you believe that almost half of the year has almost gone by? Summer is here and a lot you may already be planning your vacation. For all of us at Tax Loopholes, we want to make sure…
Don't worry! The IRS won't be knocking at your door. Hopefully you filed an extension (federal form 4868) but, if you didn't, don't fret! Here are the steps to take if you didn't file your extension by 4/15/14 @12 midnight:…
So, you and your spouse combined make over $250,000. Did you get a surprise when you went to file your taxes this year? Did all of a sudden you now owe a TON of extra $? You got hit by…
Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must…
Did you know that one of the most important features of QB 2012 or higher is that you can "data trim" your information? This is especially important if you ever find yourself in an audit situation. This way, using data…
Today we hosted an amazing webinar with Chris Brown and Mark Hunter from www.easyaca.com . They gave us some interesting news that even I didn't know! Did you know that it may be better to REMOVE your company health plan if…
As you scramble to prepare for next years taxes coming (un hungh, sure, yeah right Tax Goddess!!!), take a moment to reflect on how once upon a time taxes were way crazier. Here's a short list of five taxes that…
Financial life isn't great for many right now, and tax deadlines are rapidly approaching. If you find that you can't pay your taxes on time, the Federal Trade Commission can help. Here's what they suggest: Read your notices from the…
If you owe back taxes, you may be tempted to turn to companies that claim they can reduce or eliminate your tax debts and stop back-tax collection by applying for IRS hardship programs. The truth is that most people don’t…
WASHINGTON–The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing systems following the 16-day federal government closure. According…
Should I be collecting and remitting sales tax? By Jason Rush, head of Payroll and Sales Tax @ Tax Goddess Business Services®, PC, Scottsdale CPA Sales tax (also known as transaction privilege tax) can often be a confusing, and let’s admit,…
Albany, NY Some 16,000 delinquent taxpayers were put on notice in August: Pay up or lose your driver's license. The Department of Taxation and Finance sent the warnings to implement new provisions of law enacted with the state budget. Gov…
Going to college can be a stressful time for students and parents. The IRS offers these tips about education tax benefits that can help offset some college costs and maybe relieve some of that stress. • American Opportunity Tax Credit. This…
Is the best defense a good offense? Maybe, and the IRS is still under scrutiny for targeting. Hate The IRS? You’ll Love These Laws. The tax agency is doing some targeting of its own, fingering at least 20,000 small businesses…
Social Security took a cut out of every paycheck we ever earned, and the money was used to pay benefits to our grandparents, parents and older siblings. Now, finally, it's our turn, and it's only natural that we want our…