Tax Season Tips

  Tax season 2017 is in full swing. Statistics issued by the IRS showed a 17.2% decline in the total number of returns received through February 10, 2017 compared to the same period last year.  The decline was most likely caused by the mandate on refunds on returns involving the Earned Income Credit and the Read more about Tax Season Tips[…]

Average Tax Return Preparation Fees

The National Society of Accountants released survey data regarding the average fees charged by tax professionals for tax return preparation services in 2013.  The fees vary by geographic region, the type of tax return prepared, and the condition of the supporting documents.  The survey was focused on owners and partners of local tax preparation companies Read more about Average Tax Return Preparation Fees[…]

E-Filing: Pros & Cons

The Internal Revenue Service encourages taxpayers to electronically file their tax returns.  Why?  Electronically filed tax returns are less expensive for the IRS to process E-filed tax returns require more detailed information in order to be accepted by the IRS.  For example, the taxpayer’s date of birth, social security number and name must all match Read more about E-Filing: Pros & Cons[…]

Choosing a Tax Preparer

The IRS released an informative You Tube video last week which helps taxpayers recognize the red flags of an unscrupulous tax return preparer.  While most preparers are ethical and professional, you need to be aware of the warning signs of a disreputable preparer because ultimately, you are responsible for what is reported on your tax Read more about Choosing a Tax Preparer[…]