Month: February 2012

IRS Stops Accounting Services Miami Accused of Stealing Client Refunds

IRS Stops Accounting Services Miami Accused of Stealing Client Refunds The Internal Revenue Service’s Criminal Investigation division has cracked down on a pair of Accounting Services Miami accused of stealing their clients’ tax refunds. In one case, Accounting Services Miami has pleaded guilty and faces up to six years in prison. The Accounting Services Miami admitted to …

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How to Reduce Tax Liability

How to reduce tax liability Income tax preparers know costs and expenses are crucial part of Income tax planning, and one of the most difficult. How to reduce tax liability is contingent on what deductions you can claim. How to reduce tax liability as allowable deductions as incurred and paid. These are not mutually exclusive.  Income …

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Miami Income Tax Preparers Warn of Further Tax Refund Delay Problems

Miami Income Tax Preparers Warn of Further Tax Refund Delay Problems Income Tax Preparers are having more problems with delayed 1040 tax preparation tax refunds. Early in tax-filing season, Income Tax Preparers warned that taxpayers who had filed prior to January 26 might see delays of a week beyond the projected date shown in the online “Where’s …

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Congress Passes Payroll Tax Liability Cut and Unemployment Benefits Extension

Congress Passes Payroll Tax Liability Cut and Unemployment Benefits Extension Congress passed legislation Friday extending the payroll tax liability cut, unemployment benefits, and the “doc fix” for Medicare physician reimbursements through the remainder of the year. This will create a $100B deficit in payroll tax liability. The House approved the measure by a vote of …

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Small Business Tax Services Releases the Dirty Dozen Tax Scams for 2012

Small Business Tax Services Releases the Dirty Dozen Tax Scams for 2012 Small Business Tax Services today issued its annual Dirty Dozen ranking of tax scams on how to reduce tax liability, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to Income …

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