Paldino Company CPA
Location & hours
- Mon Mon 10:00 am - 5:30 pm
- Tue Tue 10:30 am - 5:30 pm
- Wed Wed 10:30 am - 5:30 pm
- Thu Thu 10:30 am - 5:30 pm
- Fri Fri 10:30 am - 5:30 pm
- Sat Sat Closed
- Sun Sun Closed
Updates & tips from Paldino Company CPA
Still time to fund your IRA
- Subtract your income from the higher (phase out complete) amount to get your contribution income potential.
- Next calculate the phase-out range.
- Divide your contribution income potential by the phase-out range.
- Take the result times your maximum annual contribution amount.
Remember that you have until you file your tax return to make a contribution to a Traditional IRA or Roth IRA for the 2016 tax year. The annual maximum contribution amount is $5,500 or $6,500 if you are age 50 or over. However, if you or your spouse are an active par... Read More
Understand the Information in your tax return
Whether you prepare your own taxes or pay a tax professional, you are ultimately responsible for the information in your tax return. Make sure you understand this information before you sign the tax return. I have talked with many taxpayers (YOU) who were unaware of the information in their return. If your tax preparer is not taking the time to explain to you what is or "isn't" in your return they are not serving your best interest. GET EDUCATED, ask questions. I would strongly recommend that you keep your tax advisers phone number on speed dial. Effective tax reduction requires planing and review through out the year. Tax filing season January through April 15 is "report card" time. This is when you get to see how effective you tax planning was, this is not the time to try to lower your tax liability.
The IRS website (www.irs.gov) has many links to various tax topics which will assist you in paying the least amount of tax that you are legally obligated to pay. One of my personal favorites is the IRS Daily Tax Tip. You can subscribe to this newsletter and each day you will receive a bit of useful tax information that may help to lower your taxes. You can then discuss this information with your tax adviser (by the way his fees are deductible). They are short (3 – 4 paragraphs) and easy to read. Below is a recent posting:
Six Facts about IRS Publication 17
Starting with "What's New for 2010" IRS Publication 17, Your Federal Income Tax, takes you step by step through each part of your individual Federal Income tax return. This comprehensive booklet explains the tax law in a way that will help you better understand your taxes so that you pay only as much as you owe and no more.
Here are the top six things the IRS wants you to know about Publication 17.
1. Publication 17, Your Federal Income Tax, is available on the IRS website at http://www.irs.gov and contains a wealth of information for individual taxpayers.
2. The online version of Publication 17 contains electronic links that make finding your answer simple. Both the down-loadable PDF and online 2010 Publication 17 have thousands of helpful hyperlinks.
3. Publication 17 is packed with basic tax-filing information and tips on what income to report and how to report it.
4. Publication 17 also includes information on figuring capital gains and losses, claiming dependents, choosing the standard deduction versus itemizing deductions, and how to claim valuable tax credits.
5. Publication 17(SP) El Impuestos Federal sobre los Ingresos is available in Spanish.
6. You can get a hard copy of Publication 17 for free. To get a copy, visit http://www.irs.gov or call 800-TAX-FORM (800-829-3676).
Links:
• Publication 17, Your Federal Income Tax
• Publication 17, Your Federal Income Tax (PDF 2085K)
TAX EDUCATION Whether you prepare your own taxes or pay a tax professional, you are ultimately responsible for the information in your tax return. Make sure you understand this information before you sign the tax return. I have talked with many taxpayers (YOU) who we... Read More
How to Get Your Prior Year Tax Information from the IRS
- There are three options for obtaining free copies of your federal tax return information – on the web, by phone or by mail.
- The IRS does not charge a fee for transcripts, which are presently available for the current tax year as well as the past three tax years.
- A tax return transcript shows most line items from your tax return as it was originally filed, including any accompanying forms and schedules. It does not reflect any changes made after the return was filed.
- A tax account transcript shows any later adjustments either you or the IRS made after the tax return was filed. This transcript shows basic data – including marital status, type of return filed, adjusted gross income and taxable income.
- To request either transcript online, go to http://www.irs.gov and look for our new online tool called Order A Transcript. To order by phone, call 800-908-9946 and follow the prompts in the recorded message.
- To request a 1040, 1040A or 1040EZ tax return transcript through the mail, complete IRS Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript. Businesses, partnerships and individuals who need transcript information from other forms or need a tax account transcript must use the Form 4506T, Request for Transcript of Tax Return.
- If you order online or by phone, you should receive your tax return transcript within 5 to 10 days from the time the IRS receives your request. Allow 30 calendar days for delivery of a tax account transcript if you order by mail using Form 4506T or Form 4506T-EZ.
- If you still need an actual copy of a previously processed tax return, it will cost $57 for each tax year that you order. Complete Form 4506, Request for Copy of Tax Return, and mail it to the IRS address listed on the form for your area. Copies are generally available for the current year as well as the past six years. Please allow 60 days for actual copies of your return.
- Visit http://www.irs.gov to determine which form will meet your needs. Forms 4506, 4506T and 4506T-EZ can be found at http://www.irs.gov or by calling the IRS forms and publications order line at 800-TAX-FORM (800-829-3676).
Links:
Taxpayers who need certain prior year tax return information can obtain it from the IRS. Here are nine things to know if you need federal tax return information from a previously filed tax return. There are three options for obtaining free copies of your federal tax ... Read More
Reviews
Always a great and personal experience!
Paldino Company CPA is the absolute best. Always professional, always personalized service. Joe is there to answer every question along the way...even if it takes 3 hours! Thanks again for the great service. Been a loyal customer now for 10 years!
Thank You!!!
Thanks for the connection. We wish you and your company much success. We'd be happy to recommend your company. Thanks, Lee www.heckervideo.com
Attitude !!
Attitude is everything. The longer I live, the more I realize the impact of attitude on life. It is more important than the past, than education, than money, than circumstances, than failures, than successes, than what other people think or say or do. It is more importa...nt than appearance, giftednesss or skill. It will make or break a company, a church or a home. The remarkable thing is we have a choice every day regarding the attitude we will embrace for that day. We can not not change our past. We cannot change change the fact that people will act a certain way. We cannot change the inevitable. The only thing we can do is play on the one string we have, and that is our attutude. I am convinced that life is 10% what happens to me and 90% how we react to it
Looking for a great CPA?
“So I have decided to change accountants. Yes, I know... no one wants to go through that. But if you're unhappy with your current one or when you look at your tax return you have no idea what you're looking at, maybe you should consider!!! I must say, I am hands down ...satisfied with Paldino Company. Very knowledgeable, explain everything in detail, current with everchanging laws and regulations and friendly. For anyone out there looking to switch, I highly recommend you give them a call!”
Going the extra mile
If you live in the Mamaroneck, New York area and want a CPA firm that always goes the extra mile with clients, call Paldino Company CPA or visit their web site for more information.
Welcome to MiamiRecruiters.biz ... Your Calling Is Calling. It's time to aim hig
Welcome to MiamiRecruiters.biz ... Your Calling Is Calling. It's time to aim higher, reach farther and dream bigger. To approach tomorrow with confidence and daring. And Miami Recruiters extensive job database is the ideal place to start. Here you can find not just jobs..., but the one career that's perfect for you. So let our consultants start searching now. And step into a whole new work life. At MiamiRecruiters.biz, it is our belief that the traditional means of filling positions and finding employment is obsolete. It is no longer necessary to scan newspapers, make cold calls, use the mail and wait for an employer or candidate to contact you. The wave of the future in filling open positions and obtaining employment is utilizing the Internet to connect the right (targeted) Recruiters with the right (pre-qualified) Job Seekers.
