Tag Archives: accountant
Offer in Compromise
Thursday, May 6, 2010 // 0 Comments // Tax Law
When taxpayers fail to pay their tax debts within IRS deadlines, options such as the Offer in Compromise (OIC) exist to facilitate settlement. The goal of an OIC is to find a tax solution that resolves debt in a way that’s satisfactory to both the government and the taxpayer. Compromise is key. Although the IRS [...]
Read more & Talk about itDo I have to pay the Alternative Minimum Tax?
Thursday, May 6, 2010 // 0 Comments // FAQs
Determining whether you’re required to pay the AMT is tricky, as a number of things on your return can effect liability. Typically, an AMT exemption is offered to taxpayers with moderate income levels, but after reaching a certain point the AMT still applies. Because calculations are complicated, it’s smart to consult a professional accountant with [...]
Read more & Talk about itCPA vs Accountant/Bookkeeper
Thursday, May 6, 2010 // 1 Comment // News
A bookkeeper is a broad, basic job function in accounting usually without any formal education. By definition, it is someone who records the accounts or transactions of a business. The “books” refer to the financial records of a business whether actually kept in books or on computer software. The bookkeeper might also make bank deposits, [...]
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