Voluntary Tax

Posts Tagged ‘preparation’

income tax preparation:

Question by owlmyste: How can I build my own Independent Income Tax Preparation Software?!?
I have tried looking it up on google with no luck. All thats out there when I do a search is the current tax software such as turbotax and h&r Block’s tax software.

I know it can be done I just want to know how to do it and more importantly how to update it year after year to be in code with the current year’s tax laws, etc.

How can I do it and what software development if any do I need to buy???

Best answer:

Answer by v b
In theory you could write the code and have it be good enough to hook into the IRS software for efiling. The layouts of the records to be sent in are published.

*You* would have to be ready and able to update the software to incorporate any changes the IRS made. This is not easy as Congress can change the laws on 12/26.

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tax return preparation:

Question by zavodskoy: Help me with tax return preparation thing please?
can you explain where I need to go, and when, I heard some people are starting to work on it, I am 19 so I have never done it before, i got my own place and i live in south carolina

am I going to get some money back from the taxes I was paying??

I am also foreign, but I’m citizen, that’s why I don’t know much about it.

Best answer:

Answer by Choices
Go to turbotax.com it is pretty easy to follow along.

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tax return preparation:

Question by Rocker Michael: Tax return preparation?
I have a case study about tax return. If a tax preparer amended prior year’s tax return because a client doesn’t want to pay his mortgage on his home, what could the consequences be if it was amended or if it was not amended? Are there any legal consequences in this situation?
Sorry guys~ maybe I didn’t describe the situation clearly. The situation is that a junior tax preparer is hired to prepare a tax return for a client. He notice that this client had a home mortgage interest expense tax deduction recorded. Thus, he asked this client if the client had any mortgage interest tax deduction for the current year. The client said he never had a mortgage on his home. Therefore, this junior tax preparer wonder if he should amend prior year’s tax return.
My question: what could the consequences be if it was amended or if it was not amended? Are there any legal consequences in this situation?

Best answer:

Answer by Chandra H
Paying your mortgage doesn’t have anything to do with taxes but the mortgage interest is what is ded and dealing with the irs always has consequences. If you have certain questions go to irs.gov ask your question and it will direct you to the rules

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income tax preparation:

Question by debodun: When does documentation needed for income tax preparation have to be sent out?
I though all financial institutions had to mail all W2’s and 1099’s by January 31st. Last year I was still getting them the second week in February. I actually had to go to one bank and ask them for an interest statement because I never received it. How long should I wait? What if I receive one AFTER I file?

Best answer:

Answer by rob m
i thought it was jan 31

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tax return preparation:

Question by David Harve: I need to know a firm which can do Tax Return Preparation .?
I am looking for a firm which provide me best services for outsource accounting, Tax return preparation.

Best answer:

Answer by usmanca
PWC

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income tax preparation:

Question by Eva A: what you need to start income tax preparation business office?
what does IRS expect from the employer after submitting customers tax returns.

Best answer:

Answer by Curious
First of all, you need to get your Enrolled Agent’s license with the IRS- and pass their professional examination.

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online tax preparation:

Question by Courtney: What is the best online tax preparation is there?
I am doing mine online and I am trying to figure out what is the best tax people online is there?

Best answer:

Answer by jack bauer
in my opinion, being a cpa, i would choose turbo tax

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income tax preparation:

Question by missjacki: How do I find funding to start an income tax preparation business?
I am currently preparing taxes out of my home for about 100 clients. I would like to move out of the home and lease space. I do not have the funding to join established tax businesses like Liberty Tax. Where do I find funding?

Best answer:

Answer by smiling_freds_biz_info
Write a business plan. Start with: How do I generate sufficient profits to cover my expenses….as in office rent etc….

Maybe the answer will reveal itself.

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income tax preparation:

Question by Donald C: Is sales tax charged on Income tax preparation in Ohio?
When someone gets their income taxes done (specifically in Ohio) is there a sales tax that is added to the cost of the preparers fees. If so is it charged on the total amount due/refunded or on the charge for the tax preparation itself?

Best answer:

Answer by Michael K
Looking at the ohio state tax faq section, Tax prep is not listed as a service subject to the sales tax, so I was say, no, preperation of a tax return isn’t subject to sales tax in Ohio.

I hope that helps.

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