tax prep

Back in the day, before we started using a tax pro (actually, our business attorney) to prepare our tax returns, I was a regular TurboTax user. Those that have used TurboTax in the past know that they’ve subdivided their product platform into different versions, each with different capabilities — and, […]

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Uh-oh. While sorting through some old paperwork, I just discovered a copy of an old IRS Form 1120S with a note on it saying that it needed to be mailed. But it wasn’t. Or maybe it was… It’s always possible that I misplaced this one, got another copy from our […]

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Marginal vs. Effective Income Tax Rates

by Michael on Feb 22, 2013

Earlier this week, I met with our tax guy and picked up a copy of our now-completed income tax returns for review. In looking through the numbers, I noticed something rather interesting. Though our adjusted gross income (AGI) was similar between last year and this year, there was a somewhat […]

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Have you ever thought about moonlighting as a paid tax preparer? Despite the seasonal nature of this work, there’s good money to be made by preparing tax returns. While CPAs and attorneys can prepare federal individual tax returns and represent their clients before the IRS without passing any special tests, […]

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