TAX PREPARATION | BIDaWIZ Blog

Should A Married Couple Ever File Taxes Separately?

By Susan Ladika on February 16th, 2012 at 1:00 pm

In many cases, most married couples file a joint tax return because it's the norm. But, that may not be the best option for all couples. .

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TAX PREPARATION, TAX SAVINGS

Do I Qualify For The Earned Income Tax Credit?

By The BIDaWIZ Team on February 9th, 2012 at 8:00 pm

If you earned $49,078 or less last year, it is highly likely that you will be eligible for the Earned Income Tax Credit (EITC). Although the EITC has existed for decades, it’s been improved and expanded over the years. Yet, 20% or approximately 5 million eligible workers and their families don’t claim the credit when they file. Find out if you qualify for this credit. Read More.

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TAX PREPARATION, TAX SAVINGS

When Can I Expect to Receive My Tax Refund This Year?

By The BIDaWIZ Team on January 27th, 2012 at 1:00 pm

The IRS warned that tax refunds could be delayed by as much as a week compared to initial projections. The agency is working on “fine-tuning” their anti-fraud systems which may delay refunds for certain taxpayers. When exactly can I expect to receive my refund and how do I track it? Read More.

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TAX PREPARATION

What Should I Do If I Receive an Incorrect 1099 Form?

By The BIDaWIZ Team on January 27th, 2012 at 10:30 am

As it happens ever year, many 1099 forms may be incorrect or issued late. What should you do if you are the recipient of this form? .

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TAX PREPARATION

What Questions Should Small Businesses Ask Their Accountant?

By The BIDaWIZ Team on January 19th, 2012 at 2:00 pm

Many small businesses that have an accountant usually go through the motions when tax season rolls around. They meet with their accountant, handover their books for the year, the accountant prepares the return, and they both call it a day. While that sounds effortless, that's not a very smart way for businesses to handle their relationships with their accountants. .

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TAX PREPARATION

What Should I Know Before Meeting With My Accountant?

By Susan Ladika on January 18th, 2012 at 4:00 pm

Well armed is well prepared when it comes to preparing your federal tax return, so the more information and documentation you have on hand before you begin, the quicker and easier the process will be. You don’t want any errors that might leave you open for an IRS audit or assessment of penalties. Read More.

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TAX PREPARATION

2010 Roth IRA Converters Owe Some Tax This Year

By The BIDaWIZ Team on January 12th, 2012 at 9:00 pm

In 2010, many traditional IRA holders converted to a Roth because the principal and appreciation grows tax free. Now, it’s time to start paying taxes for the conversion, if you haven’t already. Read More.

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TAX PREPARATION

Finding the Right Tax Preparer for Complex Returns

By The BIDaWIZ Team on January 12th, 2012 at 6:00 pm

There's no doubt you are behind the eight ball if you don't have a plan yet of how your tax return will be filed for this upcoming year. So, how do you go about finding the right tax preparer? .

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TAX PREPARATION

What Tax Changes Do I Need to Know About for Filing 2011 Returns?

By The BIDaWIZ Team on January 11th, 2012 at 2:00 pm

We are heading into the thick of tax season. Any day now you should be receiving W-2 forms from your employer or 1099s if you did any contract work or held investments. As you begin to gather the necessary forms to begin tax preparation, whether you do it yourself or hire an accountant, it's important to acknowledge the changes for this year. .

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