Usual Items To Bring To Your Tax AppointmentPersonal Information Your social security number Your spouse’s full name and social security number Amount of any alimony paid and ex-spouse’s social security number Previous tax return for review and continuity (if necessary) Income information (Forms W2) Spouse/Dependent Information Dates of birth and social security numbers Childcare records…
iQTAXX Tax Services – IRS Email ScamThe incidence of “phishing” has grown each year to include new schemes, many of which appear to be legitimate. Phishing is the term used to refer to scams in which individuals attempt to trick someone into revealing information that can then be utilized to “steal” the victim’s identity. Fraudsters…
IRS Mileage RateKeep track of your deductible mileage on your vehicle and you could see big savings on your tax return. Remember that you MUST keep accurate records in order for the deductions to be allowed. Listed below are the most common mileage deductions and how you can take advantage of them.A standard IRS mileage…
What Should You Bring To Your Tax Interview? Personal information for each family member, income and tax information, deductions and credits. Who can I claim as a dependent? Dependent needs to be under the age of 17, if over the age of 17 the dependent needs to be a full time student of fully disabled.…
Gift TaxThe laws on gift taxes are complicated due to the fact that technically, any gift is taxable. However, certain exemptions exist to this rule along with specific limits that have been set in place by the government. What is Included as a Gift and Therefore, Subject to the Gift Tax?Anything of value that you give…
Income Tax EvasionWhat is income tax evasion? This phrase describes the purposeful action of defrauding the government (underpayment) or not paying the appropriate amount of tax (nonpayment). Both of these actions (tax fraud and tax evasion) are crimes that are prosecutable and typically involve large fines and penalties. Prosecution and the accompanying sentences may also…
IRS Audits and Statute of LimitationsIf you are like most people, the mere thought of an IRS audit sends shivers up-and-down your spine. However, the truth of the matter is that the IRS does not conduct a large percentage of audits on a regular basis. That being said, certain triggers do exist that will make it…
How can I check the status of my tax extension?Do I have to file a separate extension for business & personal taxes?If I owe money to the IRS & file an extension, does that extend my payment due date?How do I file a state extension?What if I can’t pay my tax balance, will the IRS…
Why is Incorporate in NV?Nevada VS DelawareHow much do you charge?How long does it take to open a corporation on an LLC?Why is incorporate with us and not an attorney?Why is Incorporate in NV? No state income tax Federal laws Offers business owners benefits, for example no corporate income tax or no taxes on corporate…