If you had a heart condition, would you go to your primary care doctor or a cardiologist? Easy question, huh? They why when it comes to taxes, do most people say “I’ve got an accountant who handles that.” What does your accountant do? Are they a specialist? Or just a “primary care giver“? For most…
If you work as a waiter/waitress or in any type of service job where tips are a major part of your income, you WILL be taxed on them. Even if you receive them in cash, the IRS has a way of calculating your tips based on your hours worked. This is known as an “allocated”…
I spoke recently with a friend who is a professional affiliate marketer. We got to the subject of taxes and mentioned a certain CPA that our Tax Patriots greatly admire and see as a authority on tax information. The irony was that the information he mentioned was the Section 179 depreciation which was one of…
A common question we get at JFTS is “How much is each child worth?”. We receive this from either current or expecting parents. What an awful question! We know that parents do not mean “How much can I SELL my child for,” they mean “How much of a tax refund can I get for each…
With tax season in full swing now we have been seeing plenty of ads claiming “don’t wait, get your refund now.” Sounds great doesn’t it? I mean your refund is YOUR money, you paid it to the government, you should get it as soon as possible! Well the average turn around time from the IRS…
As a growing tax business we realize that creative marketing is essential to the growth of our business. This tax season with a fully fledged marketing effort we are noticing more and more the ads of our competitors and frankly a lot of them make us sick! First off, you see a lot of the…
After reading an article titled “10 Most Overlooked Tax Deductions” from Investopedia I felt it was my duty as a professional to make sense of this. Despite all the tax services and software claiming maximum refunds and the most comprehensive review there are still many deductions that are overlooked. Even worse, there are improper deductions…
Tax season 2011 is here and we are all awaiting those important documents in our mailbox any day now. Meanwhile, here are the Top 10 Tax Tips directly from the IRS to ensure a smooth and easy experience in getting your taxes done: 1. Get Your Records Ready Gather up all your records to support…
On our Services page you can see that we service “All States(where required)” and not “all 50 States” or even “all 50 States plus the District of Columbia and all US Territories”. This is because not all states have an income tax. The seven states that do not have an income tax are: Alaska, Florida,…