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,…
With the 2010 filing season upon us there are a few strategies you can still employ to adjust your tax bracket. A tax bracket is a defined threshold of “taxable” income levels taxed at a certain percentage(i.e. 10%, the lowest and 35%, the highest). The most common tactic is contributing to a retirement plan if…
This article is a response to a post on a business forum that posed the question- “Who here has been audited?”. Never a victim of an audit ourselves, we have seen way too many victims of poor tax services come for help in this time of need and here’s our take from experience in dealing…
With tax time here, it is important to give you this information. In the time we live in it is great that you can buy a tax software for $79 that can do most simple returns, however, is it really worth the money? Watch this and decide for yourself: As you can see the initial…