Baltimore, Maryland (ContentDesk) March 20, 2006 -- With millions of American taxpayers filing, or
preparing to file their 2005 tax returns, now more than ever will they need to know what avenues are available to legally reduce their tax burdens and/or maximize their tax refunds. Unfortunately, while many of these taxpayers are making their tax filing plans, they neglect several of the legal tax deductions they may qualify to claim, or have qualified to claim. They also neglect several potential tax deductions that may be available to them based on their profession or occupation, or based on
special circumstances unique to their situation.The website www.myustaxdeductions.com takes the guesswork out of determining or exploring which expense items are tax deductible and which are not. Importantly, it provides a user with a listing of potential tax deductions that may be available to him/her by profession or occupation, or by special circumstances such as; being a homeowner, an employee, an investor, or a student. Both the Individual Taxpayer and Business Taxpayer will benefit from the information contained on this website.According to the Marketing Manager, the additional unique features of
this site is the content format.
Visitors to the website will have the opportunity to download a Short Version or Full Version of the tax deductions. For those who select
the Full Version, they will receive for each potential federal income tax deductions, the following additional information
(1) the Schedule or Form to use to claim the deduction, (2) additional information, tips, and/or discussion concerning the particular deduction (3) IRS tax publications that may be consulted and/or used, and (4) the Actual Line on the tax Schedule or Form to claim the deduction. Those who select the Short Version however, will only receive a listing of the deductions and some IRS publications to consult
for additional information.Visitors to www.myustaxdeductions.com will find the list of potential federal income tax deductions useful and timely since they provide taxpayers with a checklist of a sort, and a readily available list of potential tax deductions that they can readily present, and/or discuss with their tax preparer, tax accountant, tax adviser or financial adviser before filing their taxes.In addition to information on hundreds of potential federal income tax deductions
available to individual and business taxpayers, www.myustaxdeductions.com provides several downloadable freebies that taxpayers can consult such as, a list of
Nondeductible Expenses, Tax Credits, Record Keeping Information, and information on How Taxpayers can get Free tax help from the IRS.Tax Deductions by Profession is a commissioned work prepared for Frontline Publishers by Gladson I. Nwanna, Ph.D., Dr. Nwanna is
the author of several other tax-related books including
Encyclopedia of Individual Tax Deductions, A Simplified Guide to Small Business Tax Deductions,
A Citizens Guide to Negotiating and Working Through Tax Problems
with the IRS,
The History of Federal Income Tax and
Facts the IRS Wants You to Know An Annotated Guide for Students and Adults,
and A Citizens
Guide to Frequently Asked Tax Questions and the Answers the IRS Wants You to Know.
Dr.
Nwanna is a professor of Accounting & Finance and a former consultant to the World Bank. His books are available at myustaxdeductions.com, Amazon.com and through major bookstores nationwide.Tax Deductions by Profession or by Occupation can be ordered and downloaded directly from our website www.myustaxdeductions.com.
Millions Expected to File for a Tax Extension in 2005
Nearly nine million tax filers are expected to file for tax extensions this year, according to the IRS, and this group will find it easy to extend their filing deadline?they will not need an explanation, or any paper forms.
Automatic four-month tax extensions are available online.
Filing for a tax extension online allows taxpayers to request an automatic four-month tax extension minutes before their extension request is due, or the normal filing deadline of April 15th.
Taxpayers who file for tax extensions online also get an acknowledgment that the IRS has received their request.Taxpayers requesting an online extension may choose to pay an estimate of the taxes they owe, and they can make this payment electronically.
Filing an
Millions Expected to File for a Tax Extension in 2005
Tax help > Millions Expected to File for a Tax Extension in 2005
Sales Tax Compliance Firm, RIA/Tax Partners, Announces Completion of 2005 SAS 70 Audit
ATLANTA, Ga. (ContentDesk) October 7, 2005 -- RIA/Tax Partners, a part of The Thomson Corporation and the nations leading sales and use tax compliance service provider, is pleased to announce the completion of its 2005 SAS 70 Type II audit. The 2005 audit was performed by SAS70 Solutions, Inc., and showed no material exceptions to the control objectives upon which the audit was based. The control objectives included Tax Partners compliance processes, technology, treasury operations and technical infrastructure, in addition to other key areas of its business operations, for the period January 1, 2005 through July 15, 2005. We are pleased to have received another unqualified opinion from our independent auditor, stated Jim Bennight, vice president of Operations for RIA/Tax Partners.
Internal controls in general and the internal control environment we maintain at Tax Partners are increasingly important to our clients. We have always felt that strong internal controls translate...
Sales Tax Compliance Firm, RIA/Tax Partners, Announces Completion of 2005 SAS 70 Audit
Dramatic Increase in Electronic Tax Filing Continues as 2005 Tax Deadline Approaches
Electronic tax filing continues to show a strong increase this year.
The Internal Revenue Service expects, for the first time ever, to have over half of all individual tax returns electronically filed.
According to industry experts, the convenience and accuracy of electronic tax filing accounts for its marked growth.
Along with the continued growth of online tax preparation and filing, comes a continual increase in the Free File program.
The IRS strongly encourages tax filers, who have not yet filed their taxes this year, to look into their electronic filing options and learn if they qualify for the Free File program.The IRS reported that through the end of March, 49 million tax returns were electronically filed.
This is a 7 percent increase over last year's numbers.
Through March 18, the number of e-filed tax returns was up nearly 3 million over last year.
The biggest increase in electronic filing is in home computer use...
Sales Tax Compliance Firm, RIA/Tax Partners, Announces Completion of 2005 SAS 70 Audit
ATLANTA, Ga. (ContentDesk) October 7, 2005 -- RIA/Tax Partners, a part of The Thomson Corporation and the nations leading sales and use tax compliance service provider, is pleased to announce the completion of its 2005 SAS 70 Type II audit. The 2005 audit was performed by SAS70 Solutions, Inc., and showed no material exceptions to the control objectives upon which the audit was based. The control objectives included Tax Partners compliance processes, technology, treasury operations and technical infrastructure, in addition to other key areas of its business operations, for the period January 1, 2005 through July 15, 2005. We are pleased to have received another unqualified opinion from our independent auditor, stated Jim Bennight, vice president of Operations for RIA/Tax Partners.
Internal controls in general and the internal control environment we maintain at Tax Partners are increasingly important to our clients. We have always felt that strong internal controls translate...
Sales Tax Compliance Firm, RIA/Tax Partners, Announces Completion of 2005 SAS 70 Audit