Category Archives: Tax Preparer

Court Strikes Down IRS Tax Preparer Registration Program

Posted on January 26, 2013 by William A Olson, CPA

Here’s an article from the Journal of Accountancy explaining what happened to the tax return preparer registration program. It was always important to be careful who you get to do your taxes… make sure they’re qualified. This article from About.com … Continue reading →

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Calculating your total taxes paid

Posted on August 29, 2012 by William A Olson, CPA

Although it gets the most press coverage, your Federal Income Tax bill isn’t the only tax you pay. You also might pay State income taxes, real estate taxes, sales tax and taxes on your cable bill and cell phone bill. … Continue reading →

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Common Small Business Mistakes

Posted on August 27, 2012 by William A Olson, CPA

According to the U.S. Small Business Administration (SBA), a small business is one that employs fewer than 500 employees, a definition that applies to a wide swath of companies. In fact, the SBA says that small businesses account for 99.7% … Continue reading →

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Don’t automatically pay your IRS Notice (CP2000)

Posted on July 25, 2012 by William A Olson, CPA

The IRS attempts to match items on your tax return to the amounts reported by third parties (e.g., wages reported on your 1040 to the forms W-2 you received from your employer). When there is a discrepancy, the IRS sends you … Continue reading →

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11 Tax Audit Red Flags

Posted on June 11, 2012 by William A Olson, CPA

According to CNN Money, the following are 11 tax audit red flags to avoid: You have a sketchy tax preparer. Regardless of what your preparer may tell you, the taxpayer is legally responsible for for all the information on their … Continue reading →

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eFiling Popularity Ends IRS Business Mailings

Posted on May 21, 2012 by William A Olson, CPA

With the popularity of eFiling, the IRS continues to expand on the list of forms which are no longer mailed to businesses and only available via PDF from the IRS website. Perhaps the most notable form no longer being mailed … Continue reading →

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Start Getting Your 2013 Tax Return in Shape

Posted on April 30, 2012 by William A Olson, CPA

“Procrastination is like a credit card: it’s a lot of fun until you get the bill.” ~ Christopher Parker We may have barely made it past the 2011 filing deadline, but taxpayers should already be doing a few quick checks … Continue reading →

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Get your 2012 tax refund now.

Posted on April 23, 2012 by William A Olson, CPA

A big tax refund sure feels good… almost like you’ve won the lottery. But this doesn’t always make good financial senses. You could have put that money to work either investments or just a plain vanilla savings account earning interest … Continue reading →

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5 Ways to Avoid an IRS Audit

Posted on February 9, 2012 by William A Olson, CPA

5 Ways to Avoid an IRS Audit from SmartMoney.com

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Five things to ease your tax anxiety

Posted on January 24, 2012 by William A Olson, CPA

Five things to ease your tax anxiety from The Des Moines Register

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