Tax Samaritan’s tax resources pages are the source for the information you need, from tax tips and relevant articles in our blog to tax tools, such as tracking your tax refund and to filing requirements. If you’re dealing with a new life event this year, like a new child, read on in this area to learn more about how this changes your tax situation.
Please feel free to contact your Tax Samaritan tax professional for answers to your specific tax situation.
IRS Form 1042-S American tax laws are hard enough for Americans to understand. It can be much more difficult when you add a person who has income in the United States, but is not a resident, nor a US citizen and received an IRS Form 1042-S reporting US-source income. For folks with US source income, … Continue reading What Is The IRS Form 1042-S?
How To File Back Taxes The number one mistake many people make with the IRS and their taxes is failing to properly file a tax return. Failing to file a tax return is a serious issue. Not knowing how to file back taxes is not an excuse to the IRS or states. That’s because it … Continue reading How To File Back Taxes – Catching Up On Filing Back Taxes
Important Advice If You Take A Home Office Deduction On Form 8829 Noted as one of the top areas that the IRS examines in personal tax returns, the home office deduction claimed on the IRS Form 8829, Expenses for Business Use of Your Home is both a valuable benefit and a dangerous bane for small … Continue reading Form 8829 – What You Need To Know About Home Office Deductions
Online Tax Preparation – Should I Self Prepare My Return? Online tax preparation is a popular option for taxpayers that choose to self-prepare their own return. But is it self-defeating? It can be. For simple returns, it can be a good strategy to save money. When Should You Consider Doing Your Own Taxes You have … Continue reading Online Tax Preparation – Is Self-filing Self-Defeating?
Finding The Best Professional Tax Service For taxpayers who are wading through their options on where to prepare their tax return and choosing a professional tax service, we offer six tips to find the best professional tax service: Check the credentials of the tax preparer. All tax preparers, whether an Enrolled Agent, CPA or un-enrolled … Continue reading Professional Tax Service – Top Six Tips For Choosing A Tax Company
Delinquent Taxes Can Be A Serious Issue Delinquent taxes can be a serious issue for taxpayers who don’t have the means to pay them nor the knowledge to explore whether there are opportunities to reduce the amount of taxes due or options to resolve the collection issue. Resolving Delinquent Taxes Is Not Impossible Resolving delinquent … Continue reading Delinquent Taxes – A Serious Issue, But You Have Options…
Finding Tax Return Places Near Me It’s bad enough to have to prepare your taxes every year. It’s even worse when trying to find tax return places near me. With today’s Internet driven economy, finding a physical storefront tax firm is not as important as just a few years ago. There are many top-notch tax … Continue reading Tax Return Places Near Me
IRS Fresh Start Program Initiative Makes It Easy To Get Tax Relief If you are buried under the weight of tax debt, the IRS Fresh Start program makes it easier for taxpayers to pay back taxes, avoid tax liens and get tax relief. Here are the three top features of the Fresh Start program: Tax … Continue reading IRS Fresh Start
Searching For A Tax Specialist When you are searching for a tax specialist it’s important to keep in mind that Enrolled Agents (EAs) are the only federally-licensed tax specialists who focus exclusively in taxation. As a tax specialist, an EA’s knowledge and experience is not generalized on a variety of subjects such as law for … Continue reading Tax Specialist – Enrolled Agents Are America’s Only Federally-Licensed Tax Specialist
I recently co-authored an article with Michael J. DeBlis III, Esq., entitled, Understanding The PFIC Rules And The Implications of Owning Foreign Mutual Funds that appeared in the September 8, 2016 edition of Global Tax Weekly. Michael J. DeBlis III, Esq., is a partner at DeBlis Law and an expert in tax controversies including the … Continue reading Understanding The PFIC Rules And The Implications Of Owning Foreign Mutual Funds