Who Should File a 2012 Tax Return? If you received income during 2012, you may need to file a tax return in 2013. The amount of your income, your filing status, your age and the type of income you received…
Tag Archive for Income Tax
Disaster Payments to Employees
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As we are all aware, Sandy was a first class disaster the like of which this region has never seen before. One of the tax responses to this disaster, as in any federal disaster, is that employers may make reasonable…
Keep Good Records Now to Reduce Tax-Time Stress
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You may not be thinking about your tax return right now, but summer is a great time to start planning for next year. Organized records not only make preparing your return easier, but may also remind you of relevant transactions,…
Taxpayers Who Receive an IRS Notice
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Every year the Internal Revenue Service sends millions of letters and notices to taxpayers, but that doesn’t mean you need to worry. Many notices are routine and can be handled by the taxpayer. If you feel you need help with…
Charitable Deductions
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Not all charitable gifts are deductible. Here are some rules to determine if your gift qualifies for a deduction. Contact Matis at 646-580-1099 or matis@1099bookkeepers.com for help with this or other tax matters. Make sure the organization qualifies. Charitable contributions…
Tax Tips for Recently Married Taxpayers
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If you are recently married or are planning a wedding, the last thing on your mind is taxes. However, there are some important steps you need to take to avoid stress at tax time. Here are some tips for newlyweds.…
Prior-Year Tax Information from the IRS
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Taxpayers sometimes need tax returns from previous years for loan applications, to estimate tax withholding, for legal reasons or because records were destroyed in a natural disaster or fire. If your original tax returns were lost or destroyed, you can…
Tax Tips for Individuals Selling Their Home
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Here is some important information for individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain…
Amending your tax return
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If you discover an error after you file your tax return, you can correct it by amending your return. The IRS recently made several changes to Form 1040X. Using the new form will speed processing time. Contact Matis at 646-580-1099…
Potential trouble spots as IRS steps up enforcement
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Potential trouble spots as IRS steps up enforcement By Karen Hube, The Internal Revenue Service has added a couple of notches to its enforcement belt. First came the disclosure that international financial services giant Credit Suisse is under federal…