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Sorry for the double post, but it went twice Frank

Hi All, If you use Over the counter Software, like Turbo Tax, Tax Cut, Tax Act, or even any preparer returns, be for-warned. According to the Notification that I received yesterday Via Kiplinger's Tax Letter the IRS has hired 16,000 new auditors to audit Small Business Returns, which...

Hi All, If you use Over the counter Software, like Turbo Tax, Tax Cut, Tax Act, or even any preparer returns, be for-warned. According to the Notification that I received yesterday Via Kiplinger's Tax Letter the IRS has hired 16,000 new auditors to audit Small Business Returns, which...

Morning All, Its that time of year again, and you should start getting your tax information together for you accountant/tax preparer. It does not normally work out this way due to the holiday's and all, but instead of going into the truck stop and playing vending machine games, or...

Hi all, you might not know if you are getting full relief from your debts. Some states the Lawyers do not allow you to file Complete Bankruptcy, there are 2 kinds actually 4. Chapter 7 is Personal, and it completely removes your debt. whereas Chapter 13, is a...

Hi all, the Obamacare health insurance is a real joke, and there is no way of getting around it. unless you have medicare. here is the basic, the first year, the cost will be about $330 per month with no discounts, if you fall into a certain bracket, and then it Is given out sparingly. I...

These Number are for your 2013 Tax Return Frank

You would have to check with other drivers to see who they use, and see who they recommend I myself cannot tell you who to use, or try to use, that is up to you.Franklin Katz, ATP,PA, PBFrank's Tax & Business Service315 E. King St.Kings Mountain, NC 28086Local # 704-739-4039 Toll Free#...

There really is no best software,, Most use the standard either QuickBooks Pro, due to have the Transportation Industry with chart of accounts already included, Peachtree, or the least inexpensive is any spreadsheet softwareFranklin Katz, ATP,PA, PBFrank's Tax & Business Service315 E. King...

I agree with you 100%, but you still have to file and pay your taxes Frank

Hi all. Point of information on the Shutdown, The IRS is Closed, and no live answering will be available until they reopen and resume. If you file your return they it must be by Electronic Filing, Any paper returns even though an Extension has been filed and they do not reopen until after...

Davekc Did you read the post that I told everyone to look at. I really did not have a chance to do an indepth study of it, Frank

Hi All, For those who have not filed there tax returns for 2012 yet, I hope you filed for an Federal Extension, and some states require that you filed a paper extension with them in order to say the late filing fee involved for both. it is roughly 22-25% of the tax owed if any. If you...

Hey, Guys Type in the Search bar FedEx Vs IRS, The IRS started the complaint in 2007 and in Nov of 2009 FedEx won. Check it out Franklin Katz RTP, ATP, PA, PB Frank's Tax & Business 315 E. King St Kings Mountain, NC 28086 704-739-4039 fax: 704-739-3934 website www.prep.1040.com/frankstax...

Hey Guys, The IRS had a this item with FEDEX CC and all other divisions, and they Lost that is (IRS) anyone they go after can bring up this Case in Point FEDEX VS the Commissioner, I think it was in 2008 that this occurred in reference to Indepentant Contractor VS Employee. I do not know...

Hi Cranis, I think that your telling me that you are a Company driver since your in a Day Cab, and that you receive a hotel which is paid for by your company if that is the case, you are not entitled to the per Diem at all, In order to get the per Diem you must be out overnight and is based...

To Moot, I am afraid that is not going to change, the new per deim rates were finally posted in this memo. 2013-2014 Special Per Diem Rates Notice 2013-65 SECTION 1. PURPOSE This annual notice provides the 2013-2014 special per diem rates for taxpayers to use in substantiating the amount of...

I did not skip over any tax brackets, if you look closely there are on 5 tax brackets 10%, 15%, 28%, 33% and 39% if you make under a total Adjusted gross income of $450,000 Most taxpayers do not normally make over the 33% bracket but they would be CEO,'s ETC if you read the brackets carefully...

Hi Again, Update (continue) 11. Standard Mileage Rate for 2013 56.5 cents per mile 12. 50% bonus Depreciation can still be used for New assets placed in service in 2013 13. and the total 179 deduction for 2013 is still $500,000 for all assets.put into service in 2013 14. The Per diem rate...

Evening all, Here are a few tax update that you might be interested in. The New Standard Deductions are. 1. For Married Couples is........................................ $ 12,200 1 a. Married 1 spouse over 65..................................$ 13,400 2 b Married both over...