Corporate Income Tax Preparation
I just prepared a client’s corporate income tax return. The client’s books are really a mess. The balance sheet made no sense. Receivables had a credit balance, they normally are a debit balance....
View ArticleBack Taxes
I finished the year end financial statements and prepared a corporate income tax return for a client yesterday. One of the most interesting tasks I perform is delivering a new client their tax return....
View ArticleFairbanks business owner found guilty of tax evasion-Tax Protestor
The story out of Fairbanks Alaska goes something like this. The taxpayer is convicted of a felony count of tax evasion. The taxpayer falsified his W-4, so his employer would not withhold Federal...
View ArticleNew Case Man has NOT Filed in 20 Years
We just took on a new client. He is from here in Indiana, and he has not filed a tax return in 20 years. We talked to him about our services nearly 3 years ago. We offered to help and we quoted him...
View ArticleNew Client: Married Couple, they own a commercial building and an S-Corp
The firm’s newest client is a married couple. Their business kind of went downhill in 2008 when the housing market collapsed. They have spent the last 4 years, just trying to stay afloat. The last...
View ArticleIRS Issues Refunds Late
I have read on the drudgereport and now in the local Fort Wayne, Journal Gazette, stories are emerging that the IRS is experiencing delays in processing refunds. I received a telephone call from a...
View ArticleCorporate Income Tax Returns
Corporate income tax returns are due March 15, not April 15. We are knee deep preparing 1120 & 1120S’s. There are still a couple of weeks left, if you get your stuff to me, I will get that return...
View ArticleNew Sales and Tax Matters Helping New Clients
I had a very nice gentleman walk into the office on Tuesday. He is an executive at a local business and he has received an IRS notice. The IRS checks your tax returns when you file and they compare...
View Article
More Pages to Explore .....