Monthly Archives: May 2017

Oops, Forget to Enclose That Tax Document?

Did you forget to enclose that tax document on your tax return? This is the largest source of IRS notices that I see. Taxpayers forget to report income from a 1099 or did not think the income was necessary to report. So, how do you deal with an IRS tax notice when you forgot to enclose the document with the tax return? Continue reading

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Earned Income Tax Credit: One Way to Save Money on the Schedule C

Are you looking for a way to save money? The Earned Income Tax Credit on your Schedule C helps low income workers.

There are millions of unincorporated businesses across the US. Many of these unincorporated business owners file a Schedule C on their personal tax return rather than a separate corporate tax return. There are benefits to keeping their tax filing requirements simple but there is also a near certainty that if you have a small business and you also are eligible for the Earned Income Tax Credit or Earned Income Credit (EITC), you will be audited. Here’s why. Continue reading

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Massachusetts DoR Wants Copies of Your W-2s

It is true, Massachusetts Department of Revenue wants copies of your W-2s, 1099s, etc.

Did you get a letter from Mass Department of Revenue asking for copies of your W-2s, 1099s, etc? Don’t panic. Chances are you have these w2 copies in your files and you just need to pull them out and follow these steps. Continue reading

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