Sr Tax Advisor
How Can I Help You?
Here are Tax Tips to help new business owners.
As a new business owner, you need to know the following:
- Know your federal tax responsibilities
- Understand your tax situation
- File your taxes on time
- Practice good record-keeping
- Avoid scams, be alert, ask questions
When should I start a business plan?
A business plan is the first project you should work on to get your desire and dreams on paper. Anyone can start a business, however to plan and write it down takes time and effort along with patience. A business coach is a perfect solution for planning your first business. Mentors and coaches can encourage, support and direct you where you want to go faster, more efficient to avoid common pitfalls that may discourage you from starting.
Can you help me license my business?
Yes, our firm can provide business formation services. We will also register your EIN (Employer Identification Number with the IRS and your state registration. Each Secretary of State may vary with filing document requirements, therefore, the prices my vary.
Workshop ...Im Debt Free
Additional Information: Im Debt Free
Source: www.irs.gov
How to Avoid Tax Debt-Personal
· Know your federal tax responsibilities
· Understand your tax situation
· File your taxes on time
· Practice good record-keeping
· Avoid scams, be alert, ask questions
Federal Tax Responsibilities
Getting a transcript or copy of a return.
Go to IRS.gov and click on "Get Transcript of Your Tax Records" under "Tools."
- Download the free IRS2Go app to your smart phone and use it to order transcripts of your tax returns or tax account.
- Call the transcript toll-free line at 1-800-908-9946.
- Mail Form 4506-T or Form 4506T-EZ (both available on IRS.gov)
Using online tools to help prepare your return.
1. Go to IRS.gov and click on the Tools bar to use these and other self-service options.
- The Earned Income Tax Credit Assistant determines if you are eligible for the EIC
- The First Time Homebuyer Credit Account Look-up tool provides information on your repayments and account balance.
- The Alternative Minimum Tax (AMT)Assistant determines whether you may be subject to AMT.
- The Online EIN Application helps you get an Employer Identification Number.
- The IRS Withholding Calculator estimates the amount you should have withheld from your paycheck for federal income tax purposes.
- The Electronic Filing PIN Request helps to verify your identity when you do not have your prior year AGI or prior year self-selected PIN available.
Understanding identity theft issues.
Go to www.irs.gov/uac/Identity-Protection for information and videos.
- If your SSN has been lost or stolen or you suspect you are a victim of tax-related identity theft, visitwww.irs.gov/identitytheft to learn what steps you should take.
Checking on the status of a refund.
- Go to www.irs.gov/refunds.
- Download the free IRS2Go app to your smart phone and use it to check your refund status.
- Call the automated refund hotline at 1-800-829-1954.
How to Avoid Tax Debt-Business
