2 minutes read
Well tax day is finally here! It’s been a rough year for all american taxpayers due to the economic crises; including the employees and associates of R&G Brenner. Therefore I would like to thank all R&G Brenner associates for their hard work, 12 hour work days and tireless efforts. Without these experienced professionals, as well as all of our valued and loyal clients, R&G Brenner would not and could not be what it is today. Thank you all.
5 minutes read
TurboTax–the leading do-it-yourself tax software estimated to be used by 40 million taxpayers in 2010–is miscalculating tax returns:
4 minutes read
All is not well at the IRS. According to the Tax Policy Center–and what is surely to exacerbate the Federal budget crisis-47% of American households will pay ZERO federal income taxes this year.
5 minutes read
The States are getting desperate. New York & Connecticut (among others) are gearing up to enforce a tax law usually reserved for the rich and famous. Athletes, for example, make millions upon millions of dollars and their travel schedules are well known. Therefore, when they travel to another state to play, that particular state taxes a prorated share of their annual income. Due to the financial crisis and state budgets crises, now the Joe-the-Plumbers of the world can expect to be taxed just...
3 minutes read
Tax time is one of the most stressful times of year for everyone. Besides worrying about possibly owing even more than you’ve already paid, there’s always the question of figuring out exactly how you’re going to get your taxes filed. Aside from a few whiz kids, I don’t know very many people who feel comfortable doing their own taxes from scratch. Some depend on a personal accountant, some depend on a calculator-savvy friend, and some just walk into the nearest H&R Block, Jackson Hewitt or R&G...
3 minutes read
The income tax refund checks will be in the mail, but with a two-and-a-half week delay.
3 minutes read
The Internal Revenue Service is intensifying its scrutiny of wealthy Americans.
2 minutes read
The IRS has reported that more than 1.4 million tax payers are due over $1.3 BILLION in unclaimed refunds because they have not filed a 2006 tax return. These refunds are still available, but only if a 2006 tax return is filed before April 15th, 2010. After that, the government gets to keep your refunds.
8 minutes read
I recently read an article that breaks down the differences in the two most popular tax preparations software; Intuit’s TURBOTAX and H&R Block’s AT HOME (previously knows as TAX CUT). I am going to post some of the interesting findings and add R&G Brenner’s comments underneath:
2 minutes read
The First-Time Homebuyer Credit (FTHC)–where qualifying taxpayers can receive up to an $8,000 tax credit–is under tremendous scrutiny by the IRS as it has been earmarked this year as a credit that is likely to be abused. This is not surprising considering the huge amount of money the IRS could stand to lose due to erroneous claims. However, those that legitimately qualify for this credit MUST be diligent in the documentation they provide in order to receive this credit. The IRS has just...