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How an IRS Representative can be beneficial for you?
- August 25, 2021
- Posted by: Smith & Smith
- Category: IRS Audit, IRS Representation
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Keeping track of all your taxable assets can be tough, and it is normal to make mistakes. If you are being audited by the IRS, you should not be discouraged. What you require is qualified, experienced IRS representation to advise you on the best course of action. IRS Description Every taxpayer has the right to
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What you need to know about compilation service?
- June 18, 2021
- Posted by: Smith & Smith
- Category: Compilation Services
The goal of a compilation engagement is for the accountant to collect, classify, and summarise financial information using accounting expertise rather than auditing expertise. Normally, this includes reducing comprehensive data to a manageable and understandable form without the need to validate the claims underlying that data. A compilation engagement would typically entail the development of
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Your Next Worry: Fake Tax Returns
- April 11, 2018
- Posted by: Smith & Smith
- Category: Income Tax Preparation
You might be a victim of identity theft and there could be someone who might use your social security number and file a tax return in your name and receive your refunds from IRS. You might be unaware of the entire fraud unless you file a return yourself and you receive a Notice from Internal
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Duration of IRS Audit Process
- November 16, 2017
- Posted by: Smith & Smith
- Category: IRS Audit
The length differs depending on the various types of audit: Complexity of the issue, accessibility of information requested, availability of both parties for arranging meetings and agreement or disagreement with the findings. An IRS audit is a review of business or individual accounts and financial sequence according to the tax laws, to confirm the reported
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What You Need to Know About the New Appropriation Bill
- June 8, 2017
- Posted by: Smith & Smith
- Category: IRS Representation
The Consolidated Appropriations Act, 2017, H.R. 244, has been officially passed by Congress on Thursday on a 79-18 vote. This bill provides the funding for the federal government throughout the rest of its fiscal or financial year.
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Selling Your Home? Don’t Miss Out on the Home Sale Tax Exclusion
- May 29, 2017
- Posted by: Smith & Smith
- Category: Federal Income Tax Preparation
You may already know about mortgage interest and property tax deductions, but did you know about the home sale tax exclusion? Learn More
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7 Bad Habits Tarnishing Your Effective Bookkeeping Practices
- December 15, 2016
- Posted by: Smith & Smith
- Category: Bookkeeping Service
Explore those. Take a Note… Business without effective bookkeeping is like flying in the air without strong wings. There had been a time when the wise used to say – “Slow and Steady wins the race”, well now the time has changed, its 2016, and thus one must indeed adhere to – “Smart & Innovative
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4 Business Expenses That Are Tax Deductible
- June 28, 2016
- Posted by: Smith & Smith
- Category: Blog, Tax Deduction, tax deductions in Dallas
When you are trying to take your business to the next level of success, it is important to understand the various expenses that are tax deductible………
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5 Ways to Save Taxes on Medical and Dental Expenses
- June 12, 2016
- Posted by: Smith & Smith
- Category: Blog, Dental Tax, Health Care, Tax Deduction
The Internal Revenue Service allows you to claim deductions on taxes that you have paid for your medical and dental treatments and subsequently save on additional taxation…..
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IRS Clauses for Claiming Tax Deductions on Your Dental Bills
- June 11, 2016
- Posted by: Smith & Smith
- Category: Blog, claiming tax deductions, Tax Deduction
The expenses for dental treatments have risen over the years and have even surpassed inflation rates. …………..
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