Archive for the ‘new corporation’ Category

PostHeaderIcon Earn Income Credit Tax Returns What need if Self Employed

earn income credit tax returns

 

Earn Income Credit Tax Returns. What is need if Self Employed.   Internal Revenue Service  has steps need to get the credits. 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.

Earn Income Credit Tax Returns

Earn Income Credit Tax Returns

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.

Earn Income Credit Tax Returns

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.

Need more tax  Tips and advice go to our home page at IRS.AlbertCorey.Net

Corey & Associates Main Web sight at Http://1040w2.com  you can find  Where is My Tax Return Refund under the resource tab.

 

If you need to find out why E-File you tax return is important to go to Http//EFILETAX.BIZ

 

 

 

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By Albert Corey Senior Tax Professional

PostHeaderIcon Tax Child Income Return tax Credits how to get them?

Earned Income Credits

Earned income credits the amount of your refund that is the amount of your refund the Irs said you get for being low income. There are certain rules that you must follow to get money. They are now cranking down on the EIC fraud.

To get the credit you must follow the rules or you will not get them.

Most of the delay in your return is when  you are getting the credits.

The rule said you must have a qualified child.

Below are some of the rules to be a qualified child.

1. Child must live in the  taxpayer home for over half a year. The tax payer must pay over half the cost of the home.

2. If Married must combine the income for one tax return. This means that if you are married you must file one tax return and not 2 for the same house.

3. The tax payer cannot just “give the child” to some one else because they do not work. This happens a lot when if some one is on underemployment or owe money to the government they tend to give the child to someone so the credit does not get wasted.

The above rules are found in he Internal Revue Service web address which is WWW.IRS.GOV. The IRS is cranking down so make your you file the return correctly or you never see your refund.

Should you have any questions please call our office. We are Corey and Associates. Since 1984 has been in the Tax Accounting Services for our clients. Now we are a Register Tax Preparers. We are trained to get your the correct and accurate return.

To contact us the phone number is 305-823-9228

email albert@1040w2.com.

 

 

 

 

 

 

 

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PostHeaderIcon Corporations: 5 Reasons Why you need to Open one?

Corporations 5 Reason you need to Open one now?

www.irs.albertcorey.net   My name is Albert, with Corey & Associates Tax Accountants. We have assisting out clients with their tax and Corporation questions since 1985. In this video will show how the advantages of starting a new business with a corporation or LLC. There are at least 5 reasons why you open a corporation or LLC. They are personal asset protection, credibility, branding your name, perpetual existence, tax flexibility and deductions.

Personal Asset Protection

Personal Asset protection I think is the most important of the reasons why to open a Corporation.  A company is a separate entity from you. When you start the Corporation you become shareholders much like the major company like Walmart and Home Depoit. You see if something happens the shareholders are not held liable. If open a Corporation under your name,  someone can sue you since you are held responsible. Should the company go under you personally will not be held for the damages of the unpaid bills.

Credibility

Credibility is another important part of opening up a Corporation. As a company you become an expert the minute you say the name. The public will not see you as a start up but someone who has been in business for awhile.  Trust is very important in today business life and one who has company will be trusted more than a person who does run a company. This could be important in the clients Decision making process.

Perpetual Life

Perpetual Life is a major reason why you would open a Corporation. With a corporation the name lives on no matter who is president. If you die your personal name or business will die. With a company the name can live on forever. Much like the company you buy from everyday.  Wal-Mart is a prime example how the company will live one. Sam Walton died in 1992, but the company he started lives on.   Regardless of their size, all businesses can benefit from incorporating.

Tax Advantages

Tax advantages are a one of the most important reasons why you would open a company. You can deduct almost everything before the amount is taxed.  With a LLC or Sub S company the profits are passed on to the shareholders.  Now the company pays no regular tax.

Why Corey & Associates Tax Accountants? We have been opening Corporations  and LLC since 1984. We will help you choose the right type of corporation that suits your needs.  Guide you through the Internal Revenue Service and state process.  We will answer any of your corporation questions free of charge. Our office is located at 1800 W 68 St Suite 118, Hialeah, Fl  33104.The phone number is 305-823-9228 and the email is Albert @1040w2.com. Please add us as your friend on Facebook.com/albertcorey . Our Youtube address is Youtube.com/tax1099a.

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