When it comes time to file your small business taxes, having the help of professionals taking care of you isn’t the only key! Not only do certified public accountants assist you in preparing and filing your small business taxes, they will also provide a complete overview listing of eligible deductions from your prepared information. Not only do they help you understand which deductible items apply to your business, they’ll also alert you to those items that may not be eligible or deductible depending upon your current financial circumstances. Certified public accountants (CPA) take the time to work with you every step of the way so that you don’t waste valuable time filling out the wrong forms or contacting tax authorities to get additional information. They will ensure that you receive the most qualified tax deductions for your small business.
If you have easy access to a computer and your own phone line, you may want to consider using online tax resources such as those provided by H&R Block, Jackson Hewitt and Tax Cut. These websites work in conjunction with the IRS to provide free, secure access to their comprehensive online CPA worksheet library featuring more than 800 worksheets covering all areas of federal tax law. With these resources, you can quickly find applicable tax information and determine which deductions you could be eligible for. If you have questions, you can e-mail the website’s certified public accountant for immediate assistance or, if you prefer, you can visit the website and talk with a representative. Both options are convenient ways to receive expert tax advice and keep up with the latest changes in tax laws.
In addition to reviewing and answering your questions, these online tax resources will also provide you with helpful resources regarding state tax codes. As most states issue individual state tax returns, it is important that you become knowledgeable about which forms of income are subject to state tax laws before filing your federal tax return. You may need to review forms with your state tax representative and/or accountant. In most cases, you will need to file your federal tax return as an individual. You may wish to read more about state tax laws on the IRS website in order to determine if you need to file a joint federal and state tax return or if you only need to file a state tax return.
In the past, most people called the IRS hotline for help because they were unable to e-file their federal tax returns. Now that there is a new tax relief option available through the IRS, many people have found that it is faster and easier to file their federal tax returns online. If you have access to a computer with an e-mail address, you can begin your tax information search by visiting the IRS website. Under the Online Free Tax Filing e-mail System, you will be able to request a free e-file from the IRS. From the e-mail, you will be able to find instructions and download electronic forms from the IRS website. You will not receive IRS phone calls or faxes asking you for personal or financial information.
You can also use Microsoft Word to create a quick tax return or a tax e-mail directly to the IRS with attachments. You will want to make sure that you have the latest version of Microsoft Word, as some versions of Word contain security and compatibility issues. If you do not have the latest version, you may want to download the latest free copy of Microsoft Word. To add some custom text or pictures to your document, you will be able to connect to Microsoft’s Word gallery, which allows you to upload your documents into a format that other Word users can edit.
In the previous article, we mentioned that you can get information about a tax debt relief program from the IRS website. In this article, we discussed how to send us a tax information request (TDR). You can send us a TDR in two ways. You can either send us an e-mail to the IRS website or you can send us a letter with a check enclosed to the IRS so that we can return your payment via check.