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Tax preparation




Remember the classic joke about the tax lawyer BAR multiple choice test question in the Tom Cruise movie, The Firm? … The difference between legal tax avoidance and illegal tax evasion is … a) Ten years in Leavenworth b) A smart tax attorney c) Whatever the IRS says it is d) All of the above […]

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Last year there were new tax law changes. 2012 didn’t see a ton of tax law changes, but there are several you need to be aware of. Let’s dive right in, shall we? *Source: Feuerhelm Langer, Ltd., a St. Paul CPA firm Write-offs. If you leased or financed used or new machinery or equipment during 2012, […]

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Social Security numbers, initially created by the Social Security Administration in November 1935, the numbers were issued to help administer Roosevelt’s New Deal Social Security program, otherwise known as the Social Security Act. The purpose of the Act – coming out of the Great Depression – was to provide benefits to retirees, the unemployed, certain […]

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The lion share of IRS audits last year — 1.2 million — were done by mail. Only 392,000 involved an in-person meeting with the IRS. That’s not necessarily good news.   Taxpayers overall face a low audit risk: The IRS audited 1.1% of all individual tax returns filed in 2010, or 1.6 million returns of 141 […]

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Should You Prepare Your Own Taxes? Should you fix your own car or plumbing? It seems you can’t go anywhere without seeing or hearing advertisements for the easiest, most cost effective and secure way to file your Federal Income Tax return. But how do you make the decision what way is best for you? Should […]

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Application hosting is not limited to QuickBooks and Microsoft products any longer.  Kacee Johnson at Cloud9 Real Time Explains – The Cloud9 virtual server solution provides clients with a private cloud to host all their desktop applications including Tax Software, Time & Billing programs, CRM systems etc. Tax software hosting allows users to access the […]

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