Laura J. Hanlon
CPA
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Posts tagged tax preparation
Laura J Hanlon CPA’s Tax Extension Tips

Here’s the deal: An “Extension of Time to File” is not an “Extension of Time to Pay”, unfortunately. The Extension simply gives you an automatic six months of additional time to get your paperwork together and file that return. But, if you owe more than what you paid with your estimate, you’ll be accumulating penalties and interest on the difference — so PLEASE don’t take the entire six months to do this!

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Hanlon CPA’s Top 10 Tax Document Checklist (Again)

With the increased penalties associated with the ACA in 2016, and all of the other changes every year, filing your taxes on your own is becoming much less ‘fun’ for regular taxpayers — even with nice-looking softwares on the market which purport to make it easy for you.

I truly do pity those inexperienced ones who try to muddle through all of the different codes and forms on their own,without devoting even a week’s labor to the transaction.It really doesn’t pay to “go it alone” for certain tasks.

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Laura J Hanlon CPA On How To Handle A Lost W2

By now, you should have received most of your tax documentation. If organizations haven’t sent you the necessary paperwork by now, then they are subject to certain consequences.

Unfortunately, these consequences don’t often carry much teeth for employers and sometimes HR departments or very small businesses don’t get their act together (probably because someone competent isn’t helping them! ahem), and … the W2’s take a while.

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Laura J Hanlon CPA On Hidden Fees Behind Popular Tax Chain’s “Free” Tax Prep

For various liability issues, I’m loathe to actually mention this company by name, but let’s say (for the purposes of this conversation) that there’s a big, popular company who made its fortune on the backs of lower-income taxpayers called H&P Black (a name picked completely at random). This company is flooding the airwaves with a brand new program offering “free” tax prep for federal and $9.99 for state.

Maybe you’ve heard about it? Well, like many such things, there are, shall we say … strings.

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Conway Tax Expert on Making Sure Your 2014 Taxes Are Done Right

Believe it or not, now is the time to start making sure that you’ll be ready for a few months from now, when tax time is upon us.

Generally speaking, you should keep any and all documents that may have an impact on your federal tax return. Individual taxpayers should usually keep the following records and supporting items on their tax returns for at least three years:

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Central Arkansas Tax Preparation Firm Explains What To Do After Your Return Is Filed

Whether you used us or not, the monkey is now off your back and your return is filed (hoepfully!). At least, of course, if you didn’t file for an extension.

It does feel nice, even if more money was owed than you would like … because it *is* completed, after all.

But that doesn’t mean you may not still have questions. Here are some common ones we get this week here in Central Arkansas …

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Central Arkansas Tax Preparer On: Tax Extensions, Demystified

There is a lot of confusion in the Central Arkansas tax preparation orbit, every year, about extensions — so here’s what they’re REALLY about…

As you know, Tuesday, April 15th is the filing deadline for a federal tax return. If you need more time to get your paperwork complete, you need to file (or have us file on your behalf) Form 4868 with the IRS by the end of the day on the 15th. This gives you an automatic six-month (until October 15, 2014) extension of time to file.

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Hanlon's Tax Time Checklist (Again)

In early January, I sent a “checklist” email to our Central Arkansas tax preparation business list (and if you’re not receiving our weekly emails, you really should fill out the quick form here on this page to receive a copy of one of our free reports — we’ll add you to our list as well, so you’ll be the among the first to receive important updates and exclusive offers from us), and it was one of our most popular messages. I guess it was handy!

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Central Arkansas Tax Preparation: The Power of Specialized Knowledge

In the realm of preparing your tax return, I urge you… do NOT fall prey to the thinking that a software program or forms downloaded from the internet can suffice to enable you to preserve your resources, or properly leverage the multiplicity of credits, loopholes and deductions available.

Give yourself and your family the gift of financial peace of mind during tax season, and do it with a Central Arkansas tax service who knows how to do it right.

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Attention Central Arkansas Tax Payers: Identity Thieves Want YOUR Tax Return

It may not surprise you to learn that identity theft is annually the number one complaint made to the Federal Trade Commission (FTC). Well, the tax return component of this crime has been heating up.

In 2010, only about 15 percent of all identity theft complaints to the FTC dealt with tax returns. Well, in 2013, that jumped to 43 percent.

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