Author Archives: Peter Samuel

What to do if you’re missing a W-2…

It’s that time of year again — time to file your tax return. Before you start, make sure you have all your documents at hand, particularly your Form W-2, Wage and Tax Statement. By Jan 31, you should have received a Form W-2 from each of your employers. It’s always a good idea to keep copies of all pay statements in case you need to refer to them when filing your taxes.
If you haven’t received your Form W-2 by Jan. 31, follow these three steps:

1. Contact your employer/s – Contact your employer to inquire when it was made available or mailed. If it was mailed, it may have been returned because of an incorrect address. After contacting the employer, allow a reasonable amount of time for them to resend or make it available to you. Continue reading →

Top 10 Tax Time Tips!!!

It’s that time of the year again, the income tax filing season has begun and important tax documents should be arriving in the mail. Even though your return is not due until April, getting an early start will make filing easier. Here are the Internal Revenue Service’s top 10 tips that will help your tax filing process run smoother than ever this year.

Start gathering your records Round up any documents or forms you’ll need when filing your taxes: receipts, canceled checks and other documents that support income or deductions you’re claiming on your return.
Be on the lookout W-2s and 1099s will be coming soon; you’ll need these to file your tax return.
Use Free File: Let Free File do the hard work for you with brand-name tax software or online fillable forms. It’s available exclusively at http://www.irs.gov. Everyone can find an option to prepare their tax return and e-file it for free. If you made $58,000 or less, you qualify for free tax software that is offered through a private-public partnership with manufacturers. If you made more or are comfortable preparing your own tax return, there’s Free File Fillable Forms, the electronic versions of IRS paper forms. Visit www.irs.gov/freefile to review your options. Continue reading →

Starting in 2011, Many Paid Preparers Must e-File Federal Income Tax Returns for Individuals, Estates and Trusts

WASHINGTON — The Internal Revenue Service today detailed how, starting Jan. 1, 2011, paid tax return preparers can comply with a new law that requires paid tax return preparers who meet the definition of “specified tax return preparer” under the new law to electronically file (e-file) federal income tax returns that they prepare and file for individuals, trusts and estates.

The e-file requirement will be phased in over two years.

Starting Jan. 1, 2011, paid preparers who prepare income tax returns for individuals, trusts and estates, such as Forms 1040, 1040A, 1040EZ, and Forms 1041, and who reasonably expect to file 100 or more of these income tax returns in 2011 are specified tax return preparers required to file these returns electronically.

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Happy Thanksgiving from ExtensionTax.com

Special Thanksgiving Wishes from ThinkTrade, Inc. you have a wonderful Thanksgiving with your family!! and friends!!!

Ah! On Thanksgiving day… We would like to sincerely thank our Customers, Truckers and everyone we serve for all of your support this year. The year 2010 has been a wonderful year and we could not have done it without all your support.

You have a wonderful Thanksgiving with your family!! and friends!!! Happy Holidays!!!

Treat yourself this Holiday! efile your Excise Tax forms [Form 2290, Form 8849 and Form 720] and win iPod Touch. read more @ http://www.TaxExcise.com/holiday2010/

Filing an Tax Extension with IRS at www.ExtensionTax.com

Need more time to file your tax return?

If you can’t complete your federal tax return by the deadline, you can buy yourself more time. Just file an extension to push the deadline back six months and avoid IRS late filing penalties.

There’s a catch, though. The extension only pushes back the due date for the paperwork. If you owe money, you need to estimate the amount, then file your extension and make your payment by Time.

How to file an extension?

Efile your tax extension online in minutes with ExtensionTax.com and make it so simple. With ExtensionTax.com, you can:

Efile your federal extension
Make a payment of tax due, right from your checking or savings account
Print a PDF copy of the extension you efiled
Log into your account to see when your extension has been accepted by the IRS
Text Alert on status of your extension from IRS.

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