Identity theft is an unfortunate part of the tax industry, and thousands of people fall prey to it every single year. When the IRS receives two returns with the same SSN (Social Security Number), usually the second return is rejected. Usually that second return is the victim. The IRS will send out a notice letting you know that a return has already been processed in your name. If this happens to you, there are a few things you can do to take back control. (more…)
Archive for December, 2016
If you’re like me, you’re constantly trying to find where to cut costs, what to penny pinch, and how to get every little bit out of everything that you do in life. Taxes is one of those things that will never go away, so why not try to apply this principle to that as well? We’re talking about exemptions, deductions, and smart claiming here people. Everyone’s trying to win, right? (more…)
You see these headlines everywhere around tax season: “Tax facts the government doesn’t want you to know!” “These tax loopholes will BLOW YOUR MIND!” “Avoid taxes altogether with this one simple trick.” Everyone thinks there are secrets about your tax return that only a select few know about, and now you’re one of them.
Sorry, champ. (more…)
Many of you have heard about the PATH Act that was recently passed. Not many people actually realize what it means, however. Our friends at the IRS have sent out a statement for tax payers to better familiarize themselves with what the PATH Act is, what has changed, and how it affects them. See below: (more…)
The franchise world is growing more and more every year, and the number of potential franchisees are also on an uptick. While it is an exciting prospect to own your own franchise, there are a few things you should think about before taking the plunge. (more…)