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 Tax Invoice by Max Plata A tax invoice is a legal document that offers a look at what the GST is for a transaction. Read on to learn about your obligations for issuing, holding, and supplying the different types of tax invoices.You... Tax Credit for Going Solar by Rick Chapo As we sit in the middle of winter, most people can't believe how high their utility bills are. Going with solar energy can lower your bills and you get a hefty tax creditSolar Tax CreditSolar energy is... Unclaimed Tax Refunds: How To Claim Yours by Gray Rollins When a taxpayer owes money on their taxes they need to pay the amount owed before the traditional April 15th deadline. If the amount owed on taxes is not paid before the deadline, then federal and state... 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... 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... About That Tax Rebate Check... by Carl LaFresnaye You're getting a tax rebate check! Lucky you! I'm sure you're already planning how to spend it – who wouldn't? There are plenty of ways to spend it – and a lot of things you can do in the meantime, while... Tax Credits for Retirement Savings by Richard A. Chapo It is a well-known fact that Americans are miserable failures when it comes to saving for retirement. Well, the government is offering tax credits to change this for some of us.Tax Credits for Retirement... Consumer Energy Tax Incentives by What the Economic Stabilization Bill Means to You The recently passed Emergency Economic Stabilization Act of 2008 included, extended and/or amended many consumer tax incentives originally introduced... 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... Doing Your Taxes by 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... Does IRS have a Refund or Stimulus Check for you by The Internal Revenue Service is trying to find 279,000 recipients for more than $163 million in undelivered economic stimulus payments, according to the government. The average undelivered check is worth... A History of the Income Tax in the U.S. by Garry Gamber After the United States declared its independence and fought the Revolutionary War, the U.S. Congress relied on excise taxes on alcohol, tobacco and a few other products for revenue to pay off its war... Sources Of Tax Deductions by Carl LaFresnaye Taxes are expensive! And though we don't mind paying “our fair share,” everyone is happy when they find a way to reduce their taxes. One of the simplest ways to reduce the taxes you will owe is to have... How Will You Spend Your Tax Refund? by Carl LaFresnaye Taxes – everybody hates them. The government takes from your paycheck every weekIt can be frustrating to see how much they get right off the top. Some of that youll never see again, but your federal and... Deciding when to File a Tax Return? by Keith Hoyng April 15th - "The Day of Reckoning"! Every year, millions of Americans get ready to pay taxes to Uncle Sam, or get ready to collect a tax refund from Uncle Sam; when did this become the great day that... 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... YEAR END TAX PLANNING AND PREPARATION FOR INDIVIDUALS - Tax Tips for 2004 including new tax relief due to the Working Families Tax Relief Act of 2004 by Dianne Goodman, CPA Now is the best time to start thinking about your year end tax planning. These tax strategies can be put into effect by the end of the year and some as late as when the tax return is due. Planning now... How Can Sales Tax Save You Money? by Steve Dolan It's that time of the year again... tax time! It may not be one of the more enjoyable times of the year, but it is definitely one of the more important dates on the calendar. Hopefully, you have listened... Where Can You Get Answers To Your Tax Questions? by Carl LaFresnaye Taxes are an unfortunate part of our lives. But our tax money finances so many parts of our government, taxes are here to stay. It would be nice if taxes were cut and dried, easy to understand and easy... Use Child Tax Credit for Tax Savings by Keith Hoyng Now, here's a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal... Do You Know When To File A Tax Return? by Ken Snowie Every year, millions of Americans dread the inevitable; they have to gather all of their receipts and records and get ready to file their Federal Income Tax Returns. When was tax season first initiated?...

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

Privacy Policy    About Us    Disclaimer    Copywrited 2005  - 2010 & Developed by  Tax Net Inc  Contact Us