Saturday, 31st July 2010.

Posted on Thursday, 28th January 2010 by Jose A. Alvarez, CPA

Before you take your tax return in to the nearest tax preparation service around the block, consider this advice from the IRS:

“Taxpayers who decide they need assistance when preparing a tax return should choose a tax preparer with care and caution. Even if a return was prepared by an outside individual or firm, taxpayers should remember that they are legally responsible for what they file with the Internal Revenue Service.” IRS FS-2010-3

With this in mind, here is a list of considerations and questions you should ask before hiring someone to file your income tax return. (more…)

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Posted on Thursday, 23rd April 2009 by Jose A. Alvarez, CPA

Filing Tax Returns Late is costly.

Filing Tax Returns Late can be very costly.

Let’s face it, filing your tax return is not the most exciting task you’ll do every year.  For many people, they would rather get a root canal than worry about their tax return.  Nevertheless, it’s something that must be done and putting off the filing process can be costly.  Every year, for various reasons, an estimated 7 million Americans fail to file their tax returns.

Why You Should File Your Late Tax Return As Soon as Possible -
Reduce Your Late Filing Penalty to the IRS (more…)

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Posted on Sunday, 8th February 2009 by Jose A. Alvarez, CPA

As we are a full month into 2009, I wonder how you are doing with any resolutions you may have made.  It seems every year I have a couple of clients tell me they need to get organized.

With tax season upon us, I thought I would be a good idea to provide advice on how to organize your personal financial records. Of course, businesses will have much stricter recordkeeping and document retention requirements.  Keeping track of your financial records will pay off in the long run and accomplish the following: (more…)

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