Earned Income Tax Credit (EITC) Information

Tax Year 2009 maximum Earned Income Tax Credit(EITC):

· $5,666 with three or more qualifying children
· $5,036 with two qualifying children
· $3,050 with one qualifying child
· $457 with no qualifying children

The exact amount of the above maximum credit is dependent upon the Earned Income. Contact 866-900-1040 to get free quote over the phone.

Earned income and adjusted gross income (AGI) must each be less than:

· $43,352 ($48,362 married filing jointly) with three or more qualifying children
· $40,363 ($45,373 married filing jointly) with two qualifying children
· $35,535 ($40,545 married filing jointly) with one qualifying child

*The American Recovery and Reinvestment Act (ARRA) provides a temporary increase in EITC and expands the credit for workers with three or more qualifying children. These changes are temporary and apply to 2009 and 2010 tax years.

	How much should it cost to prepare your 2009 taxes? For Immediately Help Call 866-900-1040

In a study conducted by the National Association of Tax Professionals at the end of the 2008 tax season to determine the commom pricing methods at all Tax Professionals. The methods they found were: 1. Fee for each tax form or schedule 2. Fee based on last year's fee plus an additional fee for any changes in a client's tax situation 3. Minimum tax return fee plus an additional fee based on the complexity of the client's situation 4. Value-based fee based on the subjective value of the tax preparation service, 5. Hourly rate for time spent preparing the tax return, and A set fee for each item of data entry. You'll want to ask how they determine their prices, and what they estimate your tax preparation service might cost. But because of per-item, per-form, or per-hourly rates, it might be impractical for an accountant to provide you with an accurate price quote. Accordingly, you'll want to ask accountants for a likely price range for your tax return. A CPA Moms does not give estimates, they give you a exact rate they you are going pay and if you have a refund they will take their fee from your refund. Average Prices for Tax Preparation Fees according to the National Association of Tax Professionals reports the following average prices charged by their members: Average for 1040 with Schedule A and state return: $205 Average for 1040 with state return: $115 Average hourly rate: $122.12 Average Prices at Franchised Tax Offices H&R Block: $187.17 per return average for 2008 tax season Jackson Hewitt: $188.96 per return average for 2008 tax season The fees charged by the chains and as reported by the National Society of Accountants are fairly similar. So these average prices may represent a sort of range for average prices charged. Find Out What's Included in the Tax Preparation Fee To help you determine if your tax preparation fee is appropriate, be sure to ask the accountant exactly what's included in the fee. Do they charge extra for electronic filing? Do they charge extra if you need a copy of your tax return later in the year? Does the fee include a tax consultation or planning meeting where you can ask questions and received advice on how to minimize your taxes? Some firms, especially the franchise chains, charge an extra fee for audit protection. This is basically a way to prepay for any costs associated with an audit of your tax return. So you should ask the accountant how they charge in case your return is audited, or if they will correct any mistakes they make free of charge. Additionally, find out how the tax professional will charge if you call up later in the year to ask a tax question, or need copies of your documents, or need to respond to a letter from the IRS. Each CPA Mom uses a their own personal method for setting prices for tax preparation services. The price for tax preparation services increases depending upon the complexity of the tax return. A CPA Mom will quote a price before they start working on your tax return and it will be the same price when they finish. The general information in this publication is not intended to be nor should it be treated as tax, legal, or accounting advice. Additional issues could exist that would affect the tax treatment of a specific transaction and, therefore, taxpayers should seek advice from an independent tax advisor based on their particular circumstances before acting on any information presented. This information is not intended to be nor can it be used by any taxpayer for the purpose of avoiding tax penalties. What Other Authors say about Taxes Preparing Ahead For A Pleasant Tax Day by Carl LaFresnaye How did you spend your last tax day? In line at a post office at almost midnight, dropping off your taxes? Dreading going on an extension again – knowing if you owe and don't pay it on time, there will... 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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 Erolled 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 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. To Join CPA Moms

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