Former IRS employee. Prepare and e-file Individual, Corporate, Partnership and Fiduciary tax returns. Prepare quarterly and annual payroll tax reports.
The Internal Revenue Service Data Book, 2016 reveals that close to 30% of all tax returns audited in 2016 had an adjusted gross income in excess of $5 million. However, this does...
Posted by Andrus Tax Services, Inc. on 09/27/2017
Business owners are always trying to find ways to maximize their time. They want to focus more on what generates revenue and less on distractions. One way to gain more time and focus...
Posted by Andrus Tax Services, Inc. on 09/20/2017
There are many ways to get on the wrong side of the Internal Revenue Service (IRS), but if you get caught with a payroll tax violation during an audit, that is a special situation...
Posted by Andrus Tax Services, Inc. on 09/13/2017
After having ascertained the ideal lifetime income stream, you should focus next on income withdrawal for other requirements. A withdrawal strategy that's adaptive could entail elements...
Posted by Andrus Tax Services, Inc. on 09/06/2017
During tax time, especially for business owners, every little deduction can work together to help save you money on your tax return. Before you file, here are a few of the most overlooked...
Posted by Andrus Tax Services, Inc. on 08/30/2017
A tax relief or settlement negotiation with the Internal Revenue Service (IRS) can be both incomprehensible and baffling. Finance is not something everyone understands or masters...
Posted by Andrus Tax Services, Inc. on 08/23/2017
Every year you can be sure that tax season will come around, but smart tax planning will ease unnecessary anxieties. While many people dread tax preparation, there are ways to reduce...
Posted by Andrus Tax Services, Inc. on 08/16/2017
The government utilizes a pay-as-you-go method for regular income tax payments. Although the IRS allows the filing of past years returns, you risk penalties or losing money that the...
Posted by Andrus Tax Services, Inc. on 08/09/2017
Most people are probably not aware that there are ways in which they can lower their IRS taxes through smart tax planning. There are certain tax provisions available for those in...
Posted by Andrus Tax Services, Inc. on 07/26/2017
Investing in real estate has a lot of advantages, the most obvious of which is making money. Keeping as much of that profit as possible can be a challenge every year when the IRS...
Posted by Andrus Tax Services, Inc. on 07/19/2017
Capital gains or losses on sale of assets like real estate, stocks or shares, units of mutual funds, , or other assets must be considered when computing the net taxable income for...
Posted by Andrus Tax Services, Inc. on 07/12/2017
Two of the most beneficial ways to lower your tax liability in 2017 are opening certain types of retirement and health savings plans. Adding and withdrawing funds is not subject to...
Posted by Andrus Tax Services, Inc. on 07/05/2017
There are several benefits to owning a rental property - such as extra income, mortgage payment supplementation, and tax deductions. However, investing in a rental property also means...
Posted by Andrus Tax Services, Inc. on 06/24/2017
The Earned Income Tax Credit is an extremely important tax credit for many low and middle income families. The IRS expects to see a major uptick in tax filings that take deductions...
Posted by Andrus Tax Services, Inc. on 06/21/2017
Tax season is in full swing, and the IRS is warning individuals and businesses about possible tax scams. Typically scammers like to target individuals because many are not aware of...
Posted by Andrus Tax Services, Inc. on 06/14/2017
The tax season is not something most Americans look forward to. And it's probably this disinterest or aversion that people make quite a few errors when filing taxes. In case you...
Posted by Andrus Tax Services, Inc. on 06/07/2017
The impact of capital gains tax on you when you're likely to get divorced hinges on the things you end up doing with the property. Generally, property transfers between divorcing...
Posted by Andrus Tax Services, Inc. on 05/17/2017
Even as we age ourselves, our parents continue to play a significant role in many of our lives, giving us advice when it is needed most, caring for us when we are sick and reminding...
Posted by Andrus Tax Services, Inc. on 05/10/2017
Once again, it's getting to that time of year. Not the Christmas season with all of its holiday cheer or Superbowl Sunday and big talk of the game. It's getting to tax season. Of...
Posted by Andrus Tax Services, Inc. on 05/09/2017
Even individuals who filed their return before the original deadline may still be amending their return. Generally, the IRS provides taxpayers three years from the original return...
Posted by Andrus Tax Services, Inc. on 04/26/2017
Every individual who is required to file his or her tax returns is obligated by law to do so within the deadline fixed by the government. Failure to meet the tax filing deadline will...
Posted by Andrus Tax Services, Inc. on 04/19/2017
One of the biggest hurdles that you will probable face when you retire is how you can adjust from accumulation to withdrawal mode. Since this is a major adjustment, many retirees...
Posted by Andrus Tax Services, Inc. on 04/12/2017
The Internal Revenue Service (IRS) says that you should file any tax return that is due irrespective of your prevailing financial situation. If you miss the IRS filing deadline,...
Posted by Andrus Tax Services, Inc. on 04/05/2017
All businesses with employees on-board must remit employment tax to the Internal Revenue Service (IRS). The tax comprises a couple of components: Social Security tax (12.4 percent)...
Posted by Andrus Tax Services, Inc. on 03/29/2017
Expenses related to the business use of vehicles are common on the tax returns of small businesses and large corporations. Even business owners who operate out of their homes can...
Posted by Andrus Tax Services, Inc. on 03/22/2017
The income you make can either be earned or unearned. Earned income is basically the compensation for work done, and the taxation rates start at 10 percent. Capital gain is the income...
Posted by Andrus Tax Services, Inc. on 03/15/2017
Working families who find it hard to make ends meet should take advantage of Earned Income Tax Credit (EITC), an IRS provision that enables limited-income working families to receive...
Posted by Andrus Tax Services, Inc. on 03/08/2017
The IRS gives businesses of all sizes a wide variety of options when it comes to taking deductions or writing off expenses for vehicles and travel that are used for business purposes. Because...
Posted by Andrus Tax Services, Inc. on 02/08/2017