Requirements Need to Get the Child Credits when self employed.

For the 2012 tax returns the Internal revenue service as a list of what is need to get the Eic credits for Self Employed. Corey Tax since 1984 will help you get the correct amount. Our phone number is 305-823-9228.  The Government is going to require 2 requirements to get the credits. One is a list of your clients and the the other is a list of expenses.

The Internal Revue Service is looking

The list of your clients is as simple as in a book you put your clients and how much they paid you. You should do it every month and make an write down every time you get paid.

A simple way is to get invoices made from a printer or with a programs. The invoice must have your phone number and name on it for IRS to consider it.

If you went out and got a business license or occupation license from your town or county they will also consider it as a real job.

Keeping all of your receipts is a another way to show you have a business. If they are checking and you have lots of receipts then it also shows you have a business.

Should you have income tax preparation questions you can come by the office. Our tax services office is located minutes from Miami,Miami-Dade,Hialeah,Doral,Miami Lakes,Miami Gardens,Opa Locka,or South Broward. If have tax services question you can call us at 305-823-9228 or Email at albert@1040w2.com. Corey & Associates has been income tax preparation service since 1984.

Related articles

• Which Person Can Claim A Child On Their Tax Return?

Corey tax as a list of what is need to get the Earn Income credits. Earned Income credit is the part of the refund that you receive if you have children under the age 24 and going to school. The credit can range up to $5800. The Internal Revenue Service is cracking down on the Earn income credit  fraud. In order to get the credit you are going to have to bring the following to get the credit. The Irs will not allow the preparer to file it with out them seeing the following.

Earn income credits is one of the major part of Fraud.   What most married tax payer who combine make  combine 50k do each one used a child to get the child so each get the credit. That is not allowed since the income is based on how much the total home makes. since together they made over $5ok there would be no credit.

We have been in the tax prep business since 1984.  If you cannot come to the office, You can fax or email the return to our secure server. and will be prepared as if you were next to us. Our phone is 305-823-9228 and fax number is 305-390-0941

IRS 2013 TAX NOW REQUIRES THAT
YOU MUST BRING PROOF OF THE CHILD RESIDENCY
GET THE CREDIT FOR YOUR CHILD
EXAMPLES BELOW ARE ACCEPTABLE
SCHOOL LETTER
DOCTORS NOTE
DAY CARE RECORDS
LANDLORD LEASE
HEALTH INSURANCE CARD

Corey tax has been filing tax returns since 1984. Our address is 1800 W 68 St suite 118, Hialeah fl 33014. The phone number is 305 823-228. We have our mobile sight at Http://www.bigirsrefund.com. 

Our you tube channel is www.youtube.com/tax1099a.  Here we have video tax tips.

Please read out other blog post at www.irs.albertcorey.net

Offer in Compromise could reduce what you owe The IRS.

If you owe more than $ 5,000 to the IRS, than an Offer and Compromise could reduce the amount of money you owe on back federal taxes.  There are two basic types of Offer and Compromise (OIC) Doubt as to Collectability – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.  Doubt as to collectability, Doubt as to Liability. Exceptional Circumstances Effective Tax Administration is the last OIC.

 What is Doubt in Collect ability?

Doubt is collect ability is the tax payer will never have the ability to pay the back taxes they owe. You first must agree that the money you owe the Internal Revenue Service is correct. The tax payer cannot own a house, condo or rental property. Their monthly income does not meet the tax payer’s monthly necessary living expenses. Tax payers cannot pay the full tax owed now or threw monthly installments.

Example of Doubt in Collect ability

Example: A taxpayer owes $20,000 in taxes to the Internal Revenue Service for back taxes.  The monthly income is only $1200 per month.  Their living expenses are $1000.  They have to show that the installments would create a major hardship.  Where would the tax payer get the money to pay the tax bill if at the end of the month there is only $200 left.

Living expenses documented is the key to getting an Offer in Compromise.  You are going to have to send all of your income and living expenses.  Sending your pay stubs is an example of what they would ask for income expenses. Rent, utility bills, car insurance is just a few examples of living expenses. The tax agency is going to over your documentation.

When a tax payer owes the government money, the IRS Collection Division comes up with what your monthly payment should be.  They are going to check your income and living expenses to see how much you can pay. If you show that there is no way to pay the tax liability, then the Offer in Compromise could work.

Contact: Corey & Associates Tax Accountants

Corey & Associates Tax Accountants has been helping their clients with tax issues since 1985. If you have any questions please contact us?  The office address is 1800 West 68 St # 118, Hialeah, FL 33014. Our phone is 305-823-2998. You can email us at albert@1040W2.com. Check out our Facebook.Com/albertcorey for daily updates. We have video updates at Youtube.Com/tax1099a

Eating out is a Major tax deduction

In this Blog Post: Corey & Associates will show you the tax deductions of a home based Business. If you are in a high bracket it will save you money on your tax return. If you like to pay extra money to the Irs than this Blog is not for you.

Going out to dinner could be a major tax deduction?

Out to Dinner Deduction

Did you know that if you go out to eat it could be a tax deduction? You never know that your server or someone you talk you could be your next client.  There are several ways you can get this deduction.

Leaving Cards on the Table

The most common way is to talk to the server or leave a card on the table.  Most servers always say that this job is only temporary.  A little small talk could make this happen. Just ask them are they open to your business. Saying no is the worst think that the server could say to you. Leaving a card on the table is the other way. Not as effective but either way you never know if they are going to call you.  For tax purposes, since you are conducting business this is a deduction.

Talking about your Business

Talking about your business with a client, family or friend is another way to make out for a meal a tax deduction. The sad or funny part if you go out with your friends or family the conversation will always go back to your business.

How to get the deduction?

To get the dinner deduction one should get a receipt of the meal.  Most of the time the Irs will accept a bank statement. Just make a note how the dinner was  used for business.

Who am I

My name is Albert, Senior Partner with Corey & Associates Tax Accountants. Since 1985 we have been helping the small business owners with their taxes. I have saved my clients lots of tax dollars. The office has generated lots of free clients by doing this. Just call me at 305-823-9228 and you find out my message. If you email me at albert@1040w2.com my auto responder will promote me every time.  This get me the “I did not Know”. If you are in the area come by the office which is located at 1800 W 68 St suite 118,Hialeah, Fl 33014.

Related articles

• Home Base Business Deductions you use to Pay less to the IRS (irs.albertcorey.net)

                             Internal   Revenue Service will 

                      Pay for your School?

Do you pay to go to College, University or a technical school?  The Government will give you a tax credit. On your tax return this will help you.

If you are paying out of your pocket to go to schoo

Image via Wikipedia

l then there is a tax credit to help you with some of the burned.  A tax credit is design to deduct the credit from   your Tax liability.

What is Tax Liability?

Tax Liability is the   amount   tax   you would owe the government after all of your deductions.  A  refund is when  you gave them more than the tax.

Tax Credit

A tax credit is an amount that you’re allowed to subtract from what you owe in taxes. When you pay college costs, you can subtract a certain amount from your tax bill later on. If your parents pay college expenses for you, they get the tax credit.

What Can the Credit be applied for?

The credit can be applied for course related books and Supplies. It can also be used for tuition and fees.

Lower income tax payers could get some of the credit directly back to them as part of their tax refund.

Who can qualify for the Credit?

The student must be enrolled in graduate School. For a undergraduate studies must be a part time student. This also applies for anyone who is going to Trade or technical school or other legitimate education credentials

If you are being claimed by a parent then they can take the credit.

If you are not listed as a dependent on another person’s tax form — and you’ve laid out money for college expenses — you can claim the credit.

Questions

Should you have any tax questions please contact Us.

Corey & Associates has been filing  clients tax returns since 1984. We have prepared almost every federal State and Corporate tax return.

To Contact us

1800 W 68 St Suite 118

Hialeah, Fl 33014

305-823-9228

Facebook.com/albertcorey

Youtube.Com/tax10999a

Related articles

• Corporations: 5 Reasons Why you need to Open one? (irs.albertcorey.net)
• Tax Returns: Six questions to When Choosing a tax Consultant? (irs.albertcorey.net)
• IRS Tax owe you Money ? Withholding Calulator will tell you (irs.albertcorey.net)

Offer in Compromise could reduce what you owe The IRS.

If you owe more than $ 5,000 to the IRS, than an Offer and Compromise could reduce the amount of money you owe on back federal taxes.  There are two basic types of Offer and Compromise (OIC) Doubt as to Collectability – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.  Doubt as to collectability, Doubt as to Liability. Exceptional Circumstances Effective Tax Administration is the last OIC.

 What is Doubt in Collect ability?

Doubt is collect ability is the tax payer will never have the ability to pay the back taxes they owe. You first must agree that the money you owe the Internal Revenue Service is correct. The tax payer cannot own a house, condo or rental property. Their monthly income does not meet the tax payer’s monthly necessary living expenses. Tax payers cannot pay the full tax owed now or threw monthly installments.

Example of Doubt in Collect ability

Example: A taxpayer owes $20,000 in taxes to the Internal Revenue Service for back taxes.  The monthly income is only $1200 per month.  Their living expenses are $1000.  They have to show that the installments would create a major hardship.  Where would the tax payer get the money to pay the tax bill if at the end of the month there is only $200 left.

Living expenses documented is the key to getting an Offer in Compromise.  You are going to have to send all of your income and living expenses.  Sending your pay stubs is an example of what they would ask for income expenses. Rent, utility bills, car insurance is just a few examples of living expenses. The tax agency is going to over your documentation.

When a tax payer owes the government money, the IRS Collection Division comes up with what your monthly payment should be.  They are going to check your income and living expenses to see how much you can pay. If you show that there is no way to pay the tax liability, then the Offer in Compromise could work.

Contact: Corey & Associates Tax Accountants

Corey & Associates Tax Accountants has been helping their clients with tax issues since 1985. If you have any questions please contact us?  The office address is 1800 West 68 St # 118, Hialeah, FL 33014. Our phone is 305-823-2998. You can email us at albert@1040W2.com. Check out our Facebook.Com/albertcorey for daily updates. We have video updates at Youtube.Com/tax1099a