Exhibited by Eric Tidwell Partner Contact.


115 views
Uploaded on:
Description
Little Business Resources and Tax Updates. Eglin AFB Small Business Open House. Little ... legitimately in charge of all the data entered on an assessment form ...
Transcripts
Slide 1

Little Business Resources and Tax Updates Eglin AFB Small Business Open House Presented by Eric Tidwell Stakeholder Liaison Small Business/Self-Employed Division March 3, 2010

Slide 2

American Recovery and Reinvestment Act of 2009 Section 179 Expense Extension of Bonus Depreciation Deductions Work Opportunity Credit

Slide 4

Work Opportunity Credit Unemployed veterans and disengaged youth included Unemployed veteran is: Discharged or discharged from dynamic obligation in the Armed Forces amid the 5-year time frame finishing on the enlisting date Receives unemployment remuneration for at the very least 4 weeks amid the 1-year term finishing on the contracting date Disconnected Youth At slightest age 16 yet not age 25 or more seasoned on the procuring date Not going to any secondary school, specialized school or post-optional school amid the 6-month duration finishing on the employing date Not being consistently utilized amid that 6-month duration, and Not being promptly employable because of an absence of having an adequate number of fundamental abilities For representatives starting work after 2008

Slide 5

Recordkeeping Monitor advancement of business movement Prepare monetary proclamations Identify wellspring of receipts Keep track of deductible costs Prepare government forms Support things investigated assessment forms

Slide 6

Other Related IRS Publications Publication 535, Business Expenses Publication 536, Net Operating Losses Publication 547, Casualties, Disasters and Thefts (Business and Non-Business) Publication 594, The IRS Collection Process

Slide 7

Identity Theft & Phishing IRS Efforts to Protect Taxpayer Privacy What is Identity Theft? A misrepresentation conferred, or endeavored, utilizing the recognizing data of someone else without power

Slide 8

Phony "IRS" fax Promise of discount Requests individual and money related data IRS never sends spontaneous faxes

Slide 9

Phony "IRS" E-mail Scam Appears to be online client overview Promises $80 installment Requests name, telephone number and charge card data

Slide 10

Phony "Expense Court" email Appears to be a U.S. Charge Court appeal Instructs beneficiary to download documents—malware! Charge Court does not email sees

Slide 11

IRS Strategy to Address Identity Theft Focus: Victim Assistance, Outreach and Prevention Privacy, Information Protection and Data Security (PIPDS) New! Data Protection Specialized Unit (Call 800-908-4490)

Slide 12

Additional Resources Security Tips from the Federal Government and innovation industry www.onguardonline.gov IRS Publication 4535, ID Theft Prevention and Victim Assistance

Slide 13

Tips on selecting an arrival preparer Every citizen is lawfully in charge of all the data entered on an expense form Tax avoidance is a wrongdoing which can be deserving of: A fine of $100,000 for people or $500,000 for enterprises Maximum of five years in jail for each I.R.C. §7201

Slide 14

Tips on selecting an arrival preparer The law requires a paid preparer to: sign the arrival finish all data in the space accommodated paid preparers give you a duplicate of the arrival hold a duplicate of your arrival or a rundown demonstrating your name and government managed savings number for a long time An arrival preparer can just utilize your data to get ready and document your expense form with the IRS. It is a wrongdoing for a government form preparer to reveal to others information gave by you to the planning of your arrival.

Slide 15

Tips on selecting an arrival preparer Before you sign, guarantee the accompanying are right: Name Address Social security numbers Individual citizen recognizable proof number (ITIN)

Slide 16

Tips on selecting an arrival preparer Be certain you see all sums before you sign. Never sign a clear return. Never sign an arrival in pencil.

Slide 17

Tips on selecting an arrival preparer guaranteeing false wards false and expanded separated conclusions altruistic contributions  medicinal and dental costs Some case of the strategies exploitative preparers use to unlawfully diminish assessable pay are:

Slide 18

Tips on selecting an arrival preparer Research the preparer\'s capabilities Avoid organizations who appoint the work to somebody with less experience or information Select a preparer who will be accessible to help you later on.

Slide 19

Tips on selecting an arrival preparer Avoid preparers who ensure they can get a bigger discount than others Research your preparer\'s certifications to guarantee they address your issues: enlisted unenrolled preparer open bookkeeper charge lawyer

Slide 20

Tips on selecting an arrival preparer File Form 2848, Power of Attorney and Declaration of Representative , to ask for the IRS: Send a duplicate of correspondence to your preparer Send your discount check to your preparer NOTE: Only you can sign and money the discount check.

Slide 21

Tips on selecting an arrival preparer Check if your preparer is associated with an expert association which: gives or requires their individuals to acquire proceeding with training requires they hold fast to a code of morals

Slide 22

Tips on selecting an arrival preparer The citizen is in charge of all things on the arrival Choose your arrival preparer painstakingly.

Slide 23

Additional Small Business Information Visit IRS.gov, Search: Video Audio Small Business Tax Center Audit Technique Guides IMRS E-News Phone Forums and Webinars

Slide 24

Enter the related word(s) in the Keyword/Search Terms box to rapidly locate the right Web page Visit www.IRS.gov

Slide 27

Telephone Numbers

Slide 28

Thank You Questions & Comments

Recommended
View more...