Strategic Tax Information

2015 Tax Season is Here

noreply@blogger.com (Unknown) — Tue, 27 Jan 2015 03:09:00 +0000

IRS Starts 2015 Tax Season began on 1/20/2015.

WASHINGTON — The Internal Revenue Service announced the on-time opening of the nation’s 2015 filing season and highlighted a growing array of online services, including features that help taxpayers understand how the Affordable Care Act will affect them at tax time, along with the availability of the Free File program.

Free E-file still available until October 15, 2014

noreply@blogger.com (Unknown) — Mon, 06 Oct 2014 16:16:00 +0000

Free e-file is still available for 2013 through the IRS.gov website. If you have not completed your taxes for 2013 you can still do so. Deadline is until next week Wednesday, October 15, 2014. Click here for free efile.

If your taxes are more complicated, give us a call at 1-866-801-3359 and ask to speak to Rick for a free tax consultation.

Brought to you by ThrushyMedia

LITCs - Low Income Tax Clinics for taxpayers in the State of Georgia

noreply@blogger.com (Unknown) — Thu, 10 Jul 2014 17:27:00 +0000

If you have an issue with the IRS and you cannot afford to hire a tax lawyer or tax controversy outfit, you may want to take advantage of the Internal Revenue Service's Low Income Tax Clinics (LITCs).

The Internal Revenue Service awarded nearly $10 million in matching grants to Low Income Taxpayer Clinics (LITCs) for the 2014 grant year (Jan. 1, 2014, through Dec. 31, 2014).
LITCs are organizations that represent low income taxpayers in federal tax disputes with the IRS for free or for a nominal fee, organizations that provide tax education and outreach to taxpayers who speak English as a second language, or organizations that do both.

Georgia State University of Law, provides these services for low income tax payers. Click here for more information on the program.

Brought to you by: ThrushyMedia

Standard Mileage Rates for 2014 Tax Filing

noreply@blogger.com (Unknown) — Mon, 03 Mar 2014 16:29:00 +0000

Wondering what the standard mileage rates are for 2014?

"Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

Standard Mileage Rates

56 cents per mile for business miles driven
23.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

The business, medical, and moving expense rates decrease one-half cent from the 2013 rates. The charitable rate is based on statute. The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs."

Remember: Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

Source: IRS Website
Get complete standard mileage rates information at- IRS Publication 463.

Call us or go to our website to receive the "Biggest Tax Refund Ever-r-r" using our simple assisted e-filing service.

Check Your Refund Status 24-7

noreply@blogger.com (Unknown) — Wed, 19 Feb 2014 15:16:00 +0000

Check Your Tax Refund Status!

No need to worry. We provide the best services when it comes to processing your refunds quickly and securely. If we have already processed your tax refund and you want to check to see if it is on its way, you can use our toll-free service to check the status of your tax refund. It is free and there is no charge!

Call our Voice Electronic Refund Assistance Number and
follow the prompts: 1-888-875-VERA (8372).

Or you can go to the IRS website at IRS.gov and select "Where My Refund" to check your refund status!

It is that easy! Fast, Secure, Professional Options and Service. Call us directly at
1-866-801-3359 or 770-572-2715.

*Deposits to checking account depends on the your bank's policies and whether you owe any government or state agencies or departments such as unemployment, child support, student loans or previous tax debts.

Open for Business:E-filing continues

noreply@blogger.com (Unknown) — Wed, 12 Feb 2014 16:46:00 +0000

Winter Weather Alert!

Although most of Atlanta has been shut down due to inclement weather, we are still open for business. You can fax to 1-866-601-0605 or email your tax documents safely and securely.

If you have an questions concerning a fax or email that you have sent, please call me directly at
770-572-2715.

Rick

Tax Season 2014 Begins January 31, 2014

noreply@blogger.com (Unknown) — Tue, 07 Jan 2014 18:31:00 +0000

Taxpayer's Alert!

The Internal Revenue Service announced on December 18, 2013 that the 2014 filing season will open on January 31, 2014 due to the government closure that occurred last year. Click here for full details the announcement.

UCS Tax Services

Tax Season 2013: New Tax Guide Helps People With Their 2013 Taxes

noreply@blogger.com (Unknown) — Tue, 07 Jan 2014 17:30:00 +0000

New Tax Guide Helps People With Their 2013 Taxes
Updated: 23 Dec. 2012, IR-2013-102, Dec. 23, 2013

WASHINGTON — Taxpayers can get the most out of various tax benefits and get a jump on preparing their 2013 federal income tax returns by consulting a newly revised comprehensive tax guide now available on IRS.gov. Publication 17, Your Federal Income Tax, features details on taking advantage of a wide range of tax-saving opportunities, such as the American Opportunity Tax Credit for parents and college students, and the Child Tax Credit and Earned Income Tax Credit for low- and moderate-income workers. It also features a rundown on tax changes for 2013 including information on revised tax rates and new limits on various tax benefits for some taxpayers. Click here to read the rest of this article.
Would you like an estimate of your 2013 tax refund? Call us at 1-866-801-3359 and get a free estimate of what your 2013 tax refund will be.

Rick Walter, Tax Advisor
UCS Tax Services

Foreign Assets of U.S. Tax Obligations Filing Deadline

noreply@blogger.com (Unknown) — Thu, 30 May 2013 22:24:00 +0000

Posted May 23, 2013 on the IRS News Website

WASHINGTON — The Internal Revenue Service reminds U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2012, that they may have a U.S. tax liability and a filing requirement in 2013.

The filing deadline is Monday, June 17, 2013, for U.S. citizens and resident aliens living overseas, or serving in the military outside the U.S. on the regular due date of their tax return. Eligible taxpayers get two additional days because the normal June 15 extended due date falls on Saturday this year. Read more....

Need help? Call us at 1-866-801-3359.

IRS now accepting returns with Depreciation & and Education Credits

noreply@blogger.com (Unknown) — Sat, 16 Feb 2013 20:37:00 +0000

IRS Accepting Tax Returns with Education Credits, Depreciation
WASHINGTON — The Internal Revenue Service announced that taxpayers will be able to start filing two major tax forms next week covering education credits and depreciation.

Starting Sunday, Feb. 10, the IRS will start processing tax returns that contain Form 4562, Depreciation and Amortization. And on Thursday, Feb. 14, the IRS plans to start processing Form 8863, Education Credits. This step clears the way for almost all taxpayers to start filing their tax returns for 2012. These forms affected the largest groups of taxpayers who weren’t able to file following the Jan. 30 opening of the 2013 tax season.

The IRS will be able to accept the education credits and depreciation forms following the completion of reprogramming and testing of its systems. Work continues on preparing IRS systems to accept the remaining tax forms affected by the American Taxpayer Relief Act (ATRA) enacted by Congress on Jan. 2 ......

Call and ask to speak with a tax advisor for a FREE TAX REFUND ESTIMATE before you prepare your 2012 taxes at 1-866-801-3359 .

Posted by: UCS Financial Services

Tax Season: It's That Time of the Year Again.

noreply@blogger.com (Unknown) — Fri, 18 Jan 2013 20:05:00 +0000

IRS Alert!

The IRS announced a delay to the start of e-filing of individual returns. 1040 e-filing was scheduled to begin Tuesday, January 22. The IRS announced that the start of 1040 e-filing has been pushed back to Wednesday, January 30. The IRS cited the need to finalize forms and to complete programming and testing of its processing systems after passage of the American Taxpayer Relief Act (ATRA) as the reason for the delay.

Don't worry though, we can still give you an estimate of your refund, and have your returns prepared and ready to go by that date. Call us at 1-866-801-3359.

Rick
Tax News Dispatcher

BIGGEST TAX REFUND EVER!

noreply@blogger.com (Unknown) — Wed, 12 Jan 2011 19:45:00 +0000

It's that time of the year again! No need to rush though... we offer the best options in tax preparation.
**********************************************************************
Get a HUGE TAX REFUND! Save yourself the frustration and errors of trying to complete your own taxes online, doubts as to whether you got all the deductions you qualify for, long office waits, the dangers of inclement weather conditions.
Stay at home or at work. Let UCS do it for you! We have more than 15years of tax preparation
under our belts. We offer three simple, easy options.

Our online/fax service is as simple as 1-2-3:
1. Request and fill out your personal online tax organizer at your convenience
2. Fax your Organizer with W-2s back to our Office.
3. Get approval for e-filing when you are finished
* Receive your tax refund in 24 to 48 hours or less to your checking account*

-Or Go Online and click our DIY Link for taxpayers who want to do it themselves. The online filing is easy to use and very affordable.
-Or call and make an appointment to see a tax and investment counselor at your convenience. It''s that easy!
Fast, Secure, Professional Options and Service. 1-877-788-1732.

Returning to Normalcy

noreply@blogger.com (Unknown) — Sat, 17 Apr 2010 14:26:00 +0000

There is a sense of returning to normalcy around here. I love it. This tax season was not so bad. I have to admit though that many of the returns that I worked on were a little difficult in the sense that the tax code has become so complex over the last 10 years.

The last official day for filing your taxes was Thursday, April 15th. Yaay! :-) The IRS will charge you interest and penalties if you did not file and you owe taxes. If you filed an extension, you will still be penalized but it keeps the IRS notices from becoming threatening and alarming. The next filing or e-file date is August 15th, 2010.

If you have not filed and need to file, we can help you. Go to our home page and choose from one of our available options or call and make an appointment to see a tax counselor.

By Rick Walter

Stimulus dollars:$250 Economic Recovery Payment

noreply@blogger.com (Unknown) — Tue, 16 Mar 2010 00:56:00 +0000

Did you get your one-time Economic Recovery Payment of $250 from Uncle Sam?

You qualify if you are:

Retirees, disabled individuals and Supplemental Security Income (SSI) recipients receiving benefits from the Social Security Administration.
Disabled veterans receiving benefits from the U.S. Department of Veterans Affairs.
Railroad Retirement beneficiaries.

Recipients of the economic recovery payment will not receive it from the IRS. Individuals who may qualify for this year's economic recovery payment do not need to file a return to receive the payment and should contact their respective agency for more information. The Economic Recovery Payment will reduce the Making Work Pay Credit for which the recipient qualifies.

By Rick Walter

Are you looking for a Quick and Easy Way to File Your Taxes? Try our 24 hour Tax Refund Service!

Enhanced Additional Child Tax Credit: A bigger tax refund if you have kids.

noreply@blogger.com (Unknown) — Fri, 19 Feb 2010 14:20:00 +0000

Your Tax Refund could be much bigger if you have kids. Here's why. The child tax credit has been amended to increase eligibility for the refundable portion of the child tax credit for 2009 and 2010. For both years, the refundable portion of the child tax credit is calculated on 15% of the tax payers earned income in excess of $3000. In contrast, for 2008, the refundable portion of the child tax credit is calculated based on 15 percent of the tax payer's earned income in excess of $8500. What this means to you- it allows taxpayers in higher tax brackets to qualify for the credit and existing taxpayers that qualified already to receive more of the refundable portion of the credit.

If you would like more information on preparing your tax returns and receiving the biggest tax refund call me at 770-572-2715 and ask for Rick, email me now with your issue or visit our website and choose a filing option to get started today.

By Rick Walter

Tax Tip 101: New Vehicle Purchases in 2009

noreply@blogger.com (Unknown) — Wed, 10 Feb 2010 14:16:00 +0000

Taxpayers who buy a car, light truck, motor home or motorcycle in 2009 may be able to deduct the state and local sales and excise taxes they paid on their 2009 Tax returns. This deduction is limited to taxes paid on the first $49,500 of the purchase price.

If you would like more information on preparing your tax returns and receiving the biggest tax refund ever call us 770-572-2715 and ask for Rick.

By Rick Walter

Making Work Pay- Tax Credit of $400 to $800 for you.

noreply@blogger.com (Unknown) — Fri, 29 Jan 2010 18:50:00 +0000

Making Work Pay Provisions for 2009 and 2010 provides a refundable tax credit of $400 for Individuals and up to $800 for married taxpayers filing jointly, if you receive a paycheck and are subject to income tax withholding. The credit will typically be received through an automated reduction of income tax withholding by the employer beginning in early spring of 2009. Some people will see a small increase in their take home pay.

What this means to you for this tax season; this means that you will receive an extra $400 for individuals and up to $800 for married taxpayers filing jointly under the Making Work Pay- American Recovery and Reinvestment Act of 2009 in your tax refund if you fall into the lower tax brackets.

The credit phases out for individual taxpayers with adjusted gross income in excess of $75,000 or $150,000 in the case of married couples filing jointly. Also, individuals or married couples with multiple jobs whose combined income puts them in a higher tax bracket may need to adjust their W4 to qualify for the credit.

Are you looking for a Quick and Easy Way to File Your Taxes. Try our 24 hour Service!

By Rick Walter

Unemployment Tax Credit-It paid to be unemployed in 2009

noreply@blogger.com (Unknown) — Tue, 26 Jan 2010 19:25:00 +0000

If you received unemployment income in 2009, you may still receive a refund. Some unemployment benefits are tax exempt in 2009. Normally, unemployment compensation is taxable. But up to $2400 in unemployment compensation received in 2009 will be exempt from taxes. For example: if you received $4500 in unemployment income last year, only $2100 of that amount is taxable. Your refund amount also increases if you paid Federal taxes on the unemployment amount you received last year.

Save yourself the frustration and errors of trying to complete your taxes online, the delays of long office waits, and the dangers of BAD weather conditions. Stay at Home or at Work. Let UCS do it for you! Fast, Secure, Service. If you are looking for the Biggest Tax Refund call 770-572-2715 and ask for Rick or email me today to get started.

Additional EITC & Income Thresholds for a Third Qualifying Child

noreply@blogger.com (Unknown) — Sun, 24 Jan 2010 17:41:00 +0000

In the past, having a third child on your income taxes did not help you maximize your tax refund as much, especially if your adjustable income was above $39,646. However, new for the tax year 2009, there are additional EITC and Income thresholds for a third qualifying child as two new rules have been added to the definition of a "qualifying child". The child must:

Be younger than the person claiming the child
Not have filed a joint return other than to claim a refund

The New Income Thresholds are adjusted to include higher wage-earners with three children.
Earned Income and adjusted gross income (AGI) must each be less than:

$43,279 ($48,279) married filing jointly) with three or more qualifying children
$40,295 ($45,295 married filing jointly) with two or more qualifying children
$35,463 ($40,463 married filing jointly) with one qualifying child
$13,440 ($18,440 married filing jointly) with no qualifying children

Tax Year 2009 maximum credit

$5,657 with three or more qualifying children
$5,028 with two qualifying children
$3,043 with one qualifying child
$457 with no qualifying children

Investment Credit must be $3100.
The maximum of Advance EITC workers can receive from their employer is $1826.

Source:IRS

Homebuyers Tax Credit: No efile and four month delays

noreply@blogger.com (Unknown) — Wed, 20 Jan 2010 14:53:00 +0000

Now may be a great time to take advantage of the very low home prices that exists in the housing market in your area and purchase a home using the government's homebuyer tax credit of $8000 for new buyers and $6500 for exisiting homeowners. Here is a good article at CNNMoney.com on the credit or you can contact me if you have a really technical or difficult question regarding the credit.

By Rick Walter,
Financial Advisor

Tax filing starts today

noreply@blogger.com (Unknown) — Fri, 15 Jan 2010 18:02:00 +0000

It's official, the beginning of the tax filing season starts today, 1/15/2009.

Lets Win in 2010

noreply@blogger.com (Unknown) — Mon, 04 Jan 2010 13:25:00 +0000

It's a brand new year and it feels great. I have lots of exciting tax strategy stuff to present this year and I am hoping for the best in 2010, not only for myself, but for our existing clients and potentially new clients of our services as well.

Happy New Year Everyone! Now, lets get to work! :-)

By Rick Walter

Last day to e-file your taxes

noreply@blogger.com (Unknown) — Thu, 15 Oct 2009 22:17:00 +0000

Last Day to e-file taxes for 2008. We are open online until 12 am midnight. Go to our website to online chat now at http://www.iapeq.com/tax/index.htm.

Tax tips to be posted this week!

noreply@blogger.com (Unknown) — Sun, 15 Feb 2009 18:38:00 +0000

Tax tips and filing help to be posted this week.

Tax preparation 2009: Tips for End-of-the-Year Tax Planning

noreply@blogger.com (Unknown) — Tue, 30 Dec 2008 16:48:00 +0000

IRS Reminder: Make Use of Recent Tax Law changes for 2008. Dec 31, 2008 Is the Last Day for Most of These Actions.

By: Rick Walter
Its almost that time of the year again. The 2009 tax season is almost here for 2008. Although 2008 was a dismal year for the economy and everyone in general, the bright spot- there's lots of goodies, tax breaks, and incentives for businesses and individuals in the new tax law changes.