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Using an Income Tax Preparation Service: Is It Worth the Cost?

MyIRSRelief

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

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1041 Trust Tax Preparation and the Need for Professional Tax Help

MyIRSRelief

The fiduciary of an estate or trust is responsible for filing Form 1041, which is due on April 15th each year (unless an extension is filed). Trust tax preparation can be a challenging task, even for experienced tax preparers. Third, a tax preparer can help you to avoid costly tax penalties and errors.

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Top Remote Accountants of the Week | November 14, 2024

Going Concern

ACCOUNTING AND ADVISORY CANDIDATE FTE Accounting and Advisory | Candidate ID #23535017 Certifications: QBO ProAdvisor, Xero Advisor, CPA Education: BS Accounting, MA Accounting in process Experience (years): 5+ years of overall accounting and finance experience Work experience (detail): Currently senior accountant with a CPA firm Implements cloud (..)

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Top Remote Accountants of the Week | September 5, 2024

Going Concern

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22410136 Certifications: CPA Education: BS Accounting, MBA Experience (years): 15+ years accounting experience Work experience (detail): Currently a Tax Senior at a CPA firm Experience with expense planning for S-corps Filed 150+ SMB and individual tax returns last season Tax planning (..)

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How to Pay ZERO in Taxes with Real Estate

LyfeAccounting

So I decided to take a deeper look into it and share how you could also pay very little in taxes with real estate. Stay tuned as today, we’re taking a look at how you can pay very little in taxes with real estate, legally. So remember Bob’s tax bracket from earlier? TAXABLE INCOME BRACKET.

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Top Remote Accountants of the Week | November 7, 2024

Going Concern

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #23571431 Certifications: CPA in process Education: BBA Accounting, MA Accounting Experience (years): 5+ years of accounting and tax experience Work experience: All in public accounting Performs full cycle accounting and tax preparation Financial compilations and reporting with clients (..)

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How to Avoid the Capital Gains Tax on Real Estate Home Sales

LyfeAccounting

If you’re thinking about selling real estate, one thing that you need to keep in mind is the amount of taxes you’re going to pay on that sale. Uncle Sam’s piece of the pie is called the capital gains tax. Uncle Sam’s piece of the pie is called the capital gains tax. Both of these taxes are taxed differently.