By JohnLeeCritterFace June 01, 2016
Ben helped me understand how a schedule C works and all of the deductions I can take. This was my first year filing for my business and Ben was patient and thorough in explaining the process to me. Taxes don't come naturally for me so it was a comfort. Highly recommended. ...read more
By djgill February 11, 2015
I have been coming to Stephens and Lawson for years and I always saw the same CPA, Diane Howard, and had no problems. Unfortunately Diane was unavailable this year and I had to settle for someone new to the office named Jenette. For their service, I was charged double the amount I was quoted over the phone and three times what I had paid in the previous years. My fiancé and I also sat in her office for over two hours because she was new to the state and kept having to ask other people questions. My taxes have never taken longer than thirty minutes to complete before. Incompetence and condescension pervaded our entire experience and I was absolutely fuming by the time I had finished being price-gouged. From now on, I will be taking my business elsewhere and so should you. ...read more
By Semsara77 April 08, 2014
Yes, sometimes they are slow in returning calls however I can easily get an appointment and she is on the ball with her knowledge of current laws. I have gone to Taxes Today for four years know and I always recommend Debbie. ...read more
For those of you who still havent filed your taxes, it's not too late to file. If you owe money there will be a late filing and paymnet penalty, but if you get a refund there isn't a penalty. I'm sure you dread having to do your taxes, but National Tax Preparation Company makes it really easy and the best part is you can stay at home! Our cloud-based solution allows you a secure way to upload documents and answer important questions from the comfort of your own home. From document collection to signature, the process is made for your convenience. Get startedhere. ...read more
By National Tax Preparation Company May 31, 2016
Press Release FOR IMMEDIATE RELEASE Mee & Carraway Tax Service, LLC Receives 2016 Louisville Award Louisville Award Program Honors the Achievement LOUISVILLE March 25, 2016 -- Mee & Carraway Tax Service, LLC has been selected for the 2016 Louisville Award in the Tax Preparation Service category by the Louisville Award Program. Each year, the Louisville Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Louisville area a great place to live, work and play. Various sources of information were gathered and analyzed to choose the winners in each category. The 2016 Louisville Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Louisville Award Program and data provided by third parties. About Louisville Award Program The Louisville Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Louisville area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value. The Louisville Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community's contributions to the U.S. economy. SOURCE: Louisville Award Program CONTACT: Louisville Award Program Email: PublicRelations@awardconnections.org URL: http://www.awardconnections.org ### Source: http://www.awardconnections.org ...read more
By National Tax Preparation Company April 23, 2016
Will you qualify for EITC this year? Find out if you are eligible for the Earned Income Tax Credit by answering questions and providing basic income information using the EITC Assistant. The Assistant also calculates the amount of EITC you may receive. The EITC Assistant is available inEnglishandSpanish. New for tax year 2009: The amount of EITC increased for workers with a third qualifying child* and the rules changed for determining who is a qualifying child. Earned Incomeand adjusted gross income (AGI) must each be less than: $43,279 ($48,279 married filing jointly) with three or more qualifying children $40,295 ($45,295 married filing jointly) with two qualifying children $35,463 ($40,463 married filing jointly) with one qualifying child $13,440 ($18,440 married filing jointly) with no qualifying children Tax Year 2009 maximum credit: $5,657 with three or more qualifying children $5,028 with two qualifying children $3,043 with one qualifying child $457 with no qualifying children The Fostering Connections to Success and Increasing Adoptions Act of 2008 changed the uniform definition of a child. Now, a "qualifying child" must: Be younger than the taxpayer claiming that child unless the child is disabled and Not have filed a joint return except to claim a refund It also added a new Parent AGI rule. If the same child is a qualifying child of a parent and another relative, the person who is not the parent can claim the child only if their AGI is higher than the AGI of any parent of the child. *The American Recovery and Reinvestment Act (ARRA) provides a temporary increase in EITC and expands the credit for workers with three or more qualifying children. These changes are temporary and apply to 2009 and 2010 tax years. For more information on whether a child qualifies you for the EITC, seePublication 596, Chapter 2, Rules If You Have a Qualifying Child. Investment incomemust be $3,100 or less for the year. ThemaximumAdvance EITCworkers can receive from their employers is $1,826. Law Offers Special Tax Breaks for Small Business; Act Now and Save, IRS Says IR-2009-51, May 20, 2009 Small Business Week is May 17 to 23, and the Internal Revenue Service urges small businesses to act now and take advantage of tax-saving opportunities included in the recovery law. The American Recovery and Reinvestment Act (ARRA), enacted in February, created, extended or expanded a variety of business tax deductions and credits. Because some of these changes—the bonus depreciation and increased section 179 deduction, for example—are only available this year, eligible businesses only have a few months to take action and save on their taxes. Here is a quick rundown of some of the key provisions. Faster Write-Offs for Certain Capital Expenditures Many small businesses that invest in new property and equipment will be able to write off most or all of these purchases on their 2009 returns. The new law extends through 2009 the special 50 percent depreciation allowance, also known as bonus depreciation, and increased limits on the section 179 deduction, named for the relevant section of the Internal Revenue Code. Normally, businesses recover these capital investments through annual depreciation deductions spread over several years. Both of these provisions encourage these investments by enabling businesses to write them off more quickly. The bonus depreciation provision generally enables businesses to deduct half the cost of qualifying property in the year it is placed in service. The section 179 deduction enables small businesses to deduct up to $250,000 of the cost of machinery, equipment, vehicles, furniture and other qualifying property placed in service during 2009. Without the new law, the limit would have dropped to $133,000. The existing $25,000 limit still applies to sport utility vehicles. A special phase-out provision effectively targets the section 179 deduction to small businesses and generally eliminates it for most larger businesses. Bonus depreciation and the section 179 deduction are claimed on Form 4562. Further details are in the instructions for this form. Expanded Net Operating Loss Carryback Many small businesses that had expenses exceeding their incomes for 2008 can choose to carry those losses back for up to five years, instead of the usual two. For small businesses that were profitable in the past but lost money in 2008, this could mean a special tax refund. The option is available for a small business that has no more than an average of $15 million in gross receipts over a three-year period. This option is still available for most eligible taxpayers, but only for a limited time. A corporation that operates on a calendar-year basis, for example, must file a claim by Sept. 15, 2009. For eligible individuals, the deadline is Oct. 15, 2009. Eligible individuals should file a claim using Form 1045, and corporations should use Form 1139. Details can be found in the instructions for each of these forms, and answers to frequently-asked questions are posted on IRS.gov. Exclusion of Gain on the Sale of Certain Small Business Stock The new law provides an extra incentive for individuals who invest in small businesses. Investors in qualified small business stock can exclude 75 percent of the gain upon sale of the stock. This increased exclusion applies only if the qualified small business stock is acquired after Feb. 17, 2009 and before Jan. 1, 2011, and held for more than five years. For previously-acquired stock, the exclusion rate remains at 50 percent in most cases. Estimated Tax Requirement Modified Many individual small business taxpayers may be able to defer, until the end of the year, paying a larger part of their 2009 tax obligations. For 2009, eligible individuals can make quarterly estimated tax payments equal to 90 percent of their 2009 tax or 90 percent of their 2008 tax, whichever is less. Individuals qualify if they received more than half of their gross income from their small businesses in 2008 and meet other requirements. For details, see Publication 505. COBRA Credit Employers that provide the 65 percent COBRA premium subsidy under ARRA to eligible former employees claim credit for this subsidy on their quarterly or annual employment tax returns. To help avoid imposing an unnecessary cash-flow burden, affected employers can reduce their employment tax deposits by the amount of the credit. For details, see Form 941. Answers to frequently-asked questions are posted on IRS.gov. Other ARRA business provisions relate to discharges of certain business indebtedness, the holding period for S corporation built-in gains and acceleration of certain business credits for corporations. Also see Fact Sheet FS-2009-11. ...read more
By Freedom Tax Service September 07, 2010
Many people give money to family members as a gift in their time of need or if they come into a substantial amount of money. Giving money to a family member can sometimes be taxed; however, there are ways to avoid this this and give money to family members free of tax. ...read more
Many people have opted to learn to file their taxes themselves. This is a great way to save money, and it puts people in control of their own tax return. The process can be confusing, but there are enough resources to learn the correct method. ...read more
