Be wary of the many perpetrators and villainous characters in the tax world. Many people that would do anything to get out of paying taxes and to avoid the IRS. These people have made a mastery of the named "tax schemes" and are committed to avoiding their taxation obligations. We have split the top twelve, most popular, tax schemes into three sections. We hope that these will help you avoid the Terrible Twelve Tax Schemes.

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Atlanta CPA Gives Tax Advice and Aid

The Purpose of IRS Form 1120S For S Corporations

The 1120S forms should be used to correctly record and report the gains, losses, income, deductions, credits and other financial marks of a domestic corporation or entity for the tax year election by the S corporation. More references on the election can be found on Form 2553, and other related documents.

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Determining What States Your Company is Legally Required to Register

All individual states in the United States are legally able to determine what constitutes "doing business" in their state. For all states where your company might "transact business" you will want to be sure to do it legally by registering with the Secretary of State there. For example if you are a Georgia business (originally incorporated and domiciled in Georgia) and your company also does business in South Carolina, your business will want to register with the SC Secretary of State's office and to file all of the required corporate and personal income tax, sales tax, payroll tax return there. The below is a sample letter we might send to a client to help them understand the rules and regulations surrounding "doing business in other states:"

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Atlanta CPA: Need a Copy of Your Tax Return Data?

Need a Copy of Your Tax Return Data? The IRS will provide taxpayers with a copy of their tax return information including by year details by a variety of ways from either online, by phone or mail. To order a transcript you can do so by following the instructions the IRS has on their web-site at http://www.irs.gov/individuals/article/0,,id=232168,00.html   For those who say nothing is for free anymore, please note getting a copy of your IRS transcript is free.

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Atlanta CPA: Tailoring tax services for more than thirty years.

Our web address is www.HisCPA.com

We are His CPA PC and are privately owned and managed by its President, John Dillard CPA. Mr. Dillard began his business career working in the audit department of the international CPA firm of Touche Ross & Co (now Deloitte and Touche, LLP). He then transferred his skill set to rapidly growing Atlanta based national companies with revenues of the enterprises in the tens of millions as an Atlanta Chief Financial Officer (CFO). From there he moved to running his own business with expertise in financial accounting, tax, IRS Representation and consulting services for a divergent number of Atlanta Small Business Owners, while also serving as an Atlanta Virtual CFO or Acting CFO. Industry experience includes:

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Atlanta CPA...Avoid Phony Tax Schemes

There are many perpetrators and villainous characters in the tax world. Many people that would do anything to get out of paying taxes and to avoid the IRS. These people have made a mastery of phony "tax schemes" and are committed to avoiding their taxation obligations. We have split the top twelve, most popular, tax schemes into three sections. We hope that these will help you avoid the Terrible Twelve Tax Schemes.

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Atlanta CPA: 2012 Mileage Rates Recently Determined by IRS 

Just recently the IRS recently released a report on the operational standard mileage rates used to calculate deductible prices of using an automobile for charitable, business, medical and or moving purposes. On January 1st, 2012, the standard mileage rates for the use of a car (vans, pickups, and panel trucks also included) will amount to:

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New Years Prayers...Are You Truly Seeking To Be Like Him?

www.HisCPA.com An Atlanta Faith Based CPA Firm

I was at the lake recently and the night sky was so clear...
I could see the light of a plane thousands of feet high...
Reflecting brightly off the water below...
This year I began it seeking to be Obedient....
But I end it seeking to daily discover ways...
I can serve others & to tell them the Good News of Jesus Christ.
I pray that 2012 is a year of great Spiritual Growth & Awakening.
Leading You to Discover Who God Made You to Be. FULL POST

CPA

Be Sure Your Work Hard to Be Sure your tax return is correct before you file it. The below is a sample letter we might send to a client after the initial data has been critiqued getting it ready to file your return.

Questions regarding Your Corporate Data Ready to Income Tax Returns/IRS Form 1120S

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Atlanta CPA...Be Wary of Fraudulent Business & Tax Schemes

Small businesses can be involved in schemes as well, as can home based entities and other small business entities. Staying away from fraudsters who seek to ruin your financial good name and report those promoting fraud to taxing authorities/the IRS. Things to look out for include Those seeking to inflate your business expenses, deduction of personal expenses and misuse of claimed home-based business have become more and more common in the last few years. Working with a reputable CPA will do much to ensure your lowest legal tax bill be paid. False home-based businesses where taxpayers try to manifest the appearance of having a home-based business where none actually exists and deduct purported expenses in the business.

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