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Disclaimer * Tax

Doing Your Taxes   
Carl LaFresnaye

When an individual is younger, it is much easier to do taxes at the end of the year since there usually is not anyone to claim other than the individual him or herself, as well as the fact that not many assets are owned that could offset taxes.

The basic form is very simple and straight forward, only asking for the basic information from the W-4 forms that the individual gets from his or her employer at the end of January. Otherwise there is just the basic information about the individual such as the address, social security number, date of birth and other contact information. All the individual has to do it look at the table and see what he owed, subtract that from what he paid and see what his return will be or whether he owes some taxes. Normally, when in the lower brackets, there are not taxes that are owed. Normally the person will have overpaid. As life goes on and the individual has more assets and a more complex savings and retirement plan structure, then the individual must take a more sophisticated approach.

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Tax Incentives For Business (Mondaq)
Additional Tax Credits for Qualifying Advanced Energy Manufacturing Projects – Section 48C of the Internal Revenue Code of 1986, as amended (the "Code"), provides a 30 percent tax credit...


Other Options

Although the individual is still free to do his own taxes, that is not the wisest choice as things get more complex, since there are new tax laws every year that he might not be aware of that could raise or lower his taxes. In addition, there are tax breaks that he might get if he knew about them, but not many individuals keep up with the changing laws in taxes.

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(AFX UK Focus) 2010-03-07 11:03 C.Suisse Not Aware Of Any Data Theft At Bank-paper (Interactive Investor)
ZURICH, March 7 (Reuters) - Credit Suisse is not aware of any theft of client data that could have brought names of the bank's clients into the hands of German tax authorities, its chief executive Brady...


To prevent mistakes, the individual has a couple of options. One option is to buy software that is designed to take him through the process of doing his taxes. This software normally has all of the forms that he will need as well as the ability to file the taxes electronically when finished, sometimes requiring an additional fee from the government and sometimes not, depending on the individual's bracket. The software asks many different questions where the answers lead to further questions to make sure every area is covered on the individual's taxes. This software is updated yearly so that all the current forms and tax law questions are covered while the individual goes through the process. This software usually costs about sixty to one hundred dollars, which is normally cheaper than going to an accountant. Accountants take care of more of the process for the individual and usually save the individual time since they do not have to answer irrelevant questions. They can usually just bring all the documentation in to the accountant and the accountant does most of the rest.

Who are the CPA Moms?      Your Tax Professional Forever!!!!

“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
To be a member a CPA Mom, Tax Moms, or an Enrolled Agent Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Agent Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
For reliability and dependability of Tax Net, Inc, the parent company of the “Moms” organization click on the Better Business Bureau (BBB) icon.

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Index of Articles about Taxes

What Other Authors say about Taxes

Tax Accounting by Sumit Sehghal

Accounting is the recording, interpretation and reporting of financial transactions. Each and every business must keep proper record of all such transactions. There are several branches of accounting such...

Why Do We Pay Taxes? by Carl LaFresnaye

As Benjamin Franklin famously said, nothing is certain except death and taxes. But where do taxes come from, and do we really need them? A History of Taxes The first recorded use of taxation was...

All About Late Filing Of Federal Taxes by Carl LaFresnaye

The IRS allows for late filing of federal taxes provided the appropriate paperwork is filled out (there's always paperwork!). This simple guide shows you how to go about it. Forms for Late Filing of...

The Role Of A Tax Collector by Michael Sneed

The County Tax Collector is as independent government agency and is elected for a four-year term in the Presidential election year. It is essential that a County Tax Collector is independent to ensure...

When To Use A Tax Attorney by Carl LaFresnaye

While most people would not require the use of a tax attorney, those who own their own businesses or who have a multitude of assets are wise to consult a tax attorney. In addition to the accountant that...

In the articles shown above on this web site you will find information that has been collected from many independent sources. Each article or item may offers a different point of view, but not necessary that of the CPA Mom's. This information is for general information only.