Pompano, Deerfield Beach – Income Tax Preparation – Former IRS – Audit Proof Tax Return

March 11, 2013
Written by: Fresh Start Tax

 

Pompano, Deerfield Beach – Income Tax Preparation – Former IRS – Audit Proof Tax Return   954 -492-0088

 
Have former IRS agents, managers, and teaching instructors who worked in the local South Florida IRS offices for over 60 years prepare your  income tax return. We can SAVE you money.
We have been preparing income tax returns since 1982 and have one of the highest ratings by the standards of the Better Business Bureau. We are A+ rated.
We can help audit proof your tax return because we have prepared thousands of  income  tax returns.  We understand the IRS audit standards and the exact  process the IRS will use to pull a tax return for a IRS tax audit. we know the IRS audit pit falls.
We know all the codes, tax regulations and every available tax deductions to make sure you pay the lowest amount of tax allowed by law.
We are a full service tax firm and all our work is done in-house. Also on staff are tax attorneys, certified public agents and enrolled agents.
So whether you need to get an income tax return prepared, have an IRS tax audit or need a tax debt settlement on your taxes, we are your full service local tax firm.
Contact us today for free initial tax consultation and we will show you how we can save your tax dollars and audit proof your tax return at the same time.
 
 

Tax Tips from Fresh Start Tax LLC – Social Security Benefits and Your Taxes

 
Some people must pay taxes on their Social Security benefits. If you get Social Security, you should receive a Form SSA-1099, Social Security Benefit Statement, by early February. The form shows the amount of benefits you received in 2012.
Here are tips  to help you determine if your benefits are taxable:
1. The amount of your income and your filing status affect whether you must pay taxes on your Social Security.
2. If Social Security was your only income in 2012, your benefits are probably not taxable. You also may not need to file a federal income tax return.
3. If you received income from other sources, then you may have to pay taxes on your benefits.
4. You can follow these two quick steps to see if your benefits are taxable:
a. Add one-half of the Social Security benefits you received to all your other income, including tax-exempt interest. Tax-exempt interest includes interest from state and municipal bonds.
b. Next, compare this total to the ‘base amount’ for your filing status. If the total is more than your base amount, then some of your benefits may be taxable.
The three 2012 base amounts are:
$25,000 for single, head of household, qualifying widow or widower with a dependent child or married individuals filing separately who did not live with their spouse at any time during the year;
a. $32,000 for married couples filing jointly; and
b. $0 for married persons filing separately who lived together at any time during the year.
5. If you use IRS e-file to prepare and file your tax return, the tax software will figure your taxable benefits for you. If you file a paper return, you can use the Interactive Tax Assistant tool on the IRS website to check if your benefits are taxable. The ITA is a resource that can help answer tax law questions.
There also is a worksheet in the instructions for Form 1040 or 1040A that you can use to figure your taxable benefits.
 
Pompano, Deerfield Beach – Income Tax Preparation – Former IRS – Audit Proof Tax Return
 

Filed Under: Tax Help
Tags:

FREE

Consultation

No Obligation
We are here to help!

  • Should be Empty:
“Thanks to Fresh Start, I am feeling more and more confident about finally getting caught up after all these years.”
M. Johnson

“I will certainly refer anyone I come across who needs your services for sure.”
Jody and Don

“I cannot thank you enough for handling my IRS issues. After dealing with another office who did nothing, you guys did everything that you promised. Thanks again, especially Steve Jacob for guiding me every step of the way.”
Jerry H.