By Chad Boswell February 16, 2016
They were very helpful in going the extra mile for me. I sold a domain and I wasn't sure how to file the taxes for that so I couldn't do it myself. ...read more
By Psychfan1 January 13, 2015
Excellent service! I've been using Basic Tax for several years now and every year they make the process smooth and pleasant! They streamline my information by keeping my up with any new information I provide. Their vast knowledge grants them the ability to clarify any misunderstandings I have and help me claim what I need to, when I need to! Excellent, hard working people! ...read more
By Psychfan1 January 13, 2015
Excellent service! I've been using Basic Tax for several years now and every year they make the process smooth and pleasant! They streamline my information by keeping my up with any new information I provide. Their vast knowledge grants them the ability to clarify any misunderstandings I have and help me claim what I need to, when I need to! Excellent, hard working people! ...read more
The Internal Revenue Service is issuing a warning about a new tax scam that uses a website that mimics the IRS e-Services online registration page. The actual IRS e-Services page offers web-based products for tax preparers, not the general public. The phony web page looks almost identical to the real one. The IRS gets many reports of fake websites like this. Criminals use these sites to lure people into providing personal and financial information that may be used to steal the victim’s money or identity. The address of the official IRS website iswww.irs.gov. Don’t be misled by sites claiming to be the IRS but ending in .com, .net, .org or other designations instead of .gov. If you find a suspicious website that claims to be the IRS, send the site’s URL by email tophishing@irs.gov. Use the subject line, 'Suspicious website'. Be aware that the IRS does not initiate contact with taxpayers by email to request personal or financial information. This includes any type of electronic communication, such as text messages and social media channels. If you get an unsolicited email that appears to be from the IRS, report it by sending it tophishing@irs.gov. ...read more
By Fisher Tax Services LLC October 29, 2012
We've just published a new edition of our newsletter! You can check it out on our website and get the latest information from Fisher Accounting Services. Let us know what you think! Read It Now Here ...read more
By Fisher Tax Services LLC September 20, 2012
If you adopted a child last year and requested an extension of time to file your 2011 taxes, you may be able to claim the expanded adoption credit on your federal tax return. The Affordable Care Act temporarily increased the amount of the credit and made it refundable, which means it can increase the amount of your refund. Here are eight things to know about this valuable tax credit: 1. The adoption credit for tax year 2011 can be as much as $13,360 for each effort to adopt an eligible child. You may qualify for the credit if you adopted or attempted to adopt a child in 2010 or 2011 and paid qualified expenses relating to the adoption. 2. You may be able to claim the credit even if the adoption does not become final. If you adopt a special needs child, you may qualify for the full amount of the adoption credit even if you paid few or no adoption-related expenses. 3. The credit for qualified adoption expenses is subject to income limitations, and may be reduced or eliminated depending on your income. 4. Qualified adoption expenses are reasonable and necessary expenses directly related to the legal adoption of the child who is under 18 years old, or physically or mentally incapable of caring for himself or herself. These expenses may include adoption fees, court costs, attorney fees and travel expenses. 5. To claim the credit, you must file a paper tax return and Form 8839, Qualified Adoption Expenses, and attach all supporting documents to your return. Documents may include a final adoption decree, placement agreement from an authorized agency, court documents and the state̢۪s determination for special needs children. You can use IRS Free File to prepare your return, but it must be printed and mailed to the IRS. Failure to include required documents will delay your refund. 6. If you filed your tax returns for 2010 or 2011 and did not claim an allowable adoption credit, you can file an amended return to get a refund. Use Form 1040X, Amended U.S. Individual Income Tax Return, along with Form 8839 and the required documents to claim the credit. You generally must file Form 1040X to claim a refund within three years from the date you filed your original return or within two years from the date you paid the tax, whichever is later. 7. The IRS is committed to processing adoption credit claims quickly, but must also safeguard against improper claims by ensuring the standards for receiving the credit are met. If your return is selected for review, please keep in mind that it is necessary for the IRS to verify that the legal criteria are met before the credit can be paid. If you are owed a refund beyond the adoption credit, you will still receive that part of your refund while the review is being conducted. 8. The expanded adoption credit provisions available in 2010 and 2011 do not apply in later years. In 2012 the maximum credit decreases to $12,650 per child and the credit is no longer refundable. A nonrefundable credit can reduce your tax, but any excess is not refunded to you. ...read more
By Fisher Tax Services LLC July 26, 2012
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
