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J.R.'S TAX SERVICE

Tax Preparer
Memphis Tennessee 38112

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Company Name
J.R.'S TAX SERVICE
Location
3279 Summer Ave
Memphis, Tennessee, 38112
United States

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J.R.'S TAX SERVICE Member Articles


How to pay Your Debt as A Self Employed

Figuring how to set off debt quick when you're self-employed is extreme. You don't have the foggiest idea where to begin or what methodologies will work. Your income...


Fundamentals of the Taxpayer Bill Of Rights

What Is The Taxpayer Bill Of Rights-TaborThe Taxpayer Bill of Rights, abbreviated TABOR – is a broad terminology which encompasses many concepts and initiatives at the federal,...


The Consequences of Filing a Tax Extension

If you want to file an extension request by adopting IRS Form 4868, request that the IRS provides you with additional time for filing your tax return. Some individuals automatically...


The 8 Stages of Financial Independence

Similarly as with many things throughout everyday life, on the off chance that you begin looking behind the straightforwardness of an idea, there is something beyond a high contrast...


Top Tax Deductions for Seniors retirees

If you are a senior or retired, make sure to comprehend and exploit the deductions accessible to diminish tax on your earnings every year. Here are the absolute most imperative tax...


Fair Debt Collection Practices Act

The Fair Debt Collection Practices Act is a federal law enacted in 1977 that legally protects borrowers against the collection of unjust, threatening and unfair debts by third-party...


Low Returns, and What Could Affect Your Refund

Several Americans have come to depend on tax refunds to feed their spending during the last days of winter. But since income tax filing has begun, a general review of the tax code...


Get To Know The Tax Rules For Your Children

Everyone is responsible when it comes to paying their own taxes. The Internal Revenue (IRS) is very strict in implementing this rule to everyone: regardless of your age, are required...


Tax On Business Sale

The sale of a business involves the selling of separate assets. These assets are the property held by the company that is primarily used for investments and for the usual useful business...


E-File Rejection; What happens next?

The IRS does not reject many tax extension applications. However, there are several reasons for not receiving tax extensions. I will explain the reasons for the refusal to extend the...


Understanding How Wedding Tax Works

Some studies have shown that marriage is one of the most stressful things you will ever experience. It's dragging spaces with a terminal illness such as cancer, or heart failure,...


Protecting Pension Plan Benefits

A pension is a defined benefit retirement plan that guarantees a specific regularly scheduled payment to employees after they resign. This is not the same as retirement vehicles, for...


Everything you Need to Know About Notice of Underreported Income

The IRS sends you an underreported notice when the information you gave on your tax return does not correspond with the information about your income in the files of the IRS. This...


Applying for a Scholarship? First Find Out If It’s Tax-Free

Getting a scholarship is a tremendous help to reduce the amount you may have to borrow to be able to go to college or completely avoid making a student loan. It’s more than being...


9 Tax Planning Mistakes You Should Avoid

Failing to plan will likely cause you to fail and just like in everything else in life, the same thing applies to taxes. Be sure to plan and watch out for these 8 tax planning mistakes...


How does renting out an extra room affect your taxes?

People are always in the run to earn more money as well as some extra money in order to meet their needs. For those of you who have big homes, you have an excellent option of renting...


Is Jury Duty Pay Taxable? Everything you need to know

Before going into the discussion concerning is jury duty pay taxable, let us first make our concept clear as to what is jury duty. We all know that the jury is the panel of assigned...


Choosing Between Stocks Or Bonds For Retirement

If your getting close in age to retiring or you are planning to retire soon, you could be concerned or  worried about where to put all of your money safely. This feeling can intensify...


Tax Implications Of Starting A New Business - What to do and what not?

When you are about to open up a business, it's not only about profit that you have to keep in mind. There are numerous other factors which you have to be taken into account in...


Gift Taxes: Do You Pay On Gifts From Parents

Presenting gifts to your loved ones is quite common as it shows that you care for them. Some people are concerned about the gift taxes which you have to pay if you receive a gift from...


Things To Know About Foreign Tax Credits

Foreign Tax Credits are taxes which are non-refundable through the income taxes which have to be paid to the government over the withholdings. It is available for everyone to work...


Some Rules Regarding Planning For Asset Protection

So if you want to adopt a proactive approach in asset protection planning, you need to give the planning an early start, keep it streamlined and most importantly abstain from hiding...


Why Do The Rich Hate Estate Tax?

This is a commonly asked question by many that why do the rich people hate to pay the estate tax. Death as well as paying taxes is not avoidable. Some people believe that the reason...


Will Your IRS Debt Appear In Your Credit Report?

If the IRS filed a Notice of Federal Tax Lien against you in the past, the IRS debt may have appeared on your credit report. Although the three major credit bureaus took away tax liens...


Penalty Abatement; A case by case basis

Penalty Abatement is one of the decisions that the bureau of United States treasury department, Internal Revenue Service takes separately in accordance with the facts of the particular...


6 Things You Need To Know About the New Medicare Cards for Retirees

New Medicare cards will be mailed out by The Centers for Medicare and Medicaid Services in April 2018. A unique Medicare number is included in the new Medicare cards instead of the...


Stepping Into The Zone Of Tax Planning And Defer Income

The tax planning and defer income needs to be in the mind of every person who is working in United States. For the people who work throughout have to figure out the tax planning in...


Taxpayer Rights And Dealing With The IRS

Residing in USA requires you to pay the taxes and if you do not, then you have to go across the strict rules of IRS. IRS cooperates with you as much as it can but when you avoid their...


Which States Sue Over SALT Deduction Cap? Know it All Here!

With keeping in mind that the republicans are playing their part in the States sue over SALT deduction cap, there can be elimination for the local sales tax through federal tax deductions....


Information To Freeze Your Credit For Free

A lot of people wonder how to get the credit freeze, but they end up getting charged a lot. Well, to add up the information in your knowledge, you can freeze your credit for free by...


Learn Different Aspects of Form 1099-C

If you have to settle the debt, there is a way out by filling out the form 1099-C. You can find this form from the main web of IRS where there are instructions to fill it out as well....


How To Make Withdrawals From Your 529 Plan To Pay Your Child’s college fees

A bright future for kidsThe parents who want to envision a bright future for their kids decide to create a 529 saving account. This account gives the parents taxpayers the advantage...


Crowdfunding for Real Estate: A New Path for the Investors

The crowdfunding as well as real estate markets naturally fit with each other. The crowdfunding actually makes easy access of the large networks of family, friends, and the colleagues...


Which Tech Stocks To Buy In Todays Market

Having the opportunity for tech stocks to buy may come many times but you have to avail it when it is the right time. Having the stocks can be a big decision but it is surely a beneficial...


What To Do During Tax Cuts

Operating with the tax cuts can be hard for a person who has not been inside the identical field. You won’t understand the complete scenario of tax cuts unless you have been...


Why Tax Practitioners Are Warned To Safeguard Client Data

The IRS has started a new campaign in which all tax practitioners are warned to safeguard client data. They have to recognize the new threats of cybercriminals that can steal the data...


Understanding Social Welfare Taxation

All types of income deal with taxation and the payment of social welfare may not be taxable. In case, it can get social welfare payment, you can get a tax credit of employee. If the...


Great Tax Advice for Expats

When it is about getting tax advice for expats, it is always necessary to consult with a tax preparer. You will get honest and genuine advice regarding the expats. The experts know...


A Complete Guide to Pay the Quarterly Taxes

Just like a freelancer or a small business owner, you will see that by mastering the quarterly taxes is major key part of the running of a successful organization. In case you have...


The Seven Best Small Business Bookkeeping Tips

The accounting is quite often a tough job for the small business owners. This is so especially for those people who do not have much experience or some strong background in the bookkeeping....


How Do You Request an Online Tax Extension?

If the life is in a way of filing the tax return and the deadline is April. Then there is just one thing that might give you some kind of relief and that is the tax extension. You...


Employee Stock Ownership Plan (ESOP): Is it good for your business?

To find out whether or not ESOP is good for you, you have to first understand what it’s really all about. An Employee Stock Ownership Plan also called an ESOP is a program for...


Why Keeping past tax returns is Essential

Every year you have to file the taxes which is why it is necessary that you try keeping past tax returns. It helps you in filling out the right information without the help of tax...


Know the Criteria for Unemployment Compensation Eligibility

When you are qualified as an unemployed worker according to federal system then you fall into the category of getting unemployment compensation. It is sponsored by the government with...


Capital Allowances: Keeping Up With The Changes

It is crystal clear that in the capital allowances arena, there is a new government in town. Unlike the initial government that encouraged expenditure through capital allowances, the...


Tips for Dealing with Debt As An Entrepreneur

A business organization needs finances to manage different activities and expenditures. An entrepreneur should understand the difference between bad debt and good debt. The good debts...


Methods of Claiming parents as dependents

If you are Paying greater than 1/2 of your dependent’s family expenses than you are eligible to claim the person on your taxes. Unlike kids, mother and father don’t have...


A Guide to Pay Cryptocurrency Taxes

Cryptocurrencies outperformed every traditional asset, and 2017 was a lucky year for these digital currencies. The value of cryptocurrencies amplified by 900% and it gives a staggering...


Small Business: Credit and Debit Card Processing

Every small business needs a flexible solution for payment processing for the growth of their business. It is essential for each business to familiarize to emergent methods your clients...


Breaking Down IRA, 401 (k) Plans, and Health Savings Accounts

There are different legal ways to save your hard money instead of paying them all to your taxes. Some of the most famous strategies are through opening Individual Retirement Accounts...


Tax Refund Scammers: Tactics To Avoid and Tips To Follow

Taxes are oftentimes considered by many as a financial burden. In reality, it is somewhat affirmative. It is an individual’s legal obligation to the government where they belong...


Looking For The Best In Tax Consultants

When is the time of filing taxes, the first thing you have to do is to look for the best tax consultant who can help you out. Filling out the long and lengthy forms may be difficult...


Apply for an Easy Advance On Your Taxes

Taxes are considered as the lifeblood of the government. Every nation throughout the globe used taxes as a way to raise funds for the sustenance of the economy and funds for the nation's...


A Complete Guide On Electronic Filing of Taxes

Electronic Filing (E-file) is a paperless process to send tax returns using the internet. This is the result of fast advancement and evolution of our technology. The presence of internet...


How to Claim Gambling Losses on Your Income Taxes

Maybe that big weekend in Vegas didn't turn out like you had hoped. Perhaps you like to play the ponies on a routine basis. It doesn't matter what particular game you prefer,...


How A Sole Proprietor Pays Income Taxes And Other Taxes

If you run a business as a sole proprietor, don't expect to get out of paying taxes.  You are still expected to pay them and there are some different steps when it comes...


Planning For Business Taxes

When you think of taxes, you think of them once a year and don't want to think about them the rest of the year.  But with some pre-planning when it comes to tax time, it...


Putting money in your pocket earlier with tax refund loans

When it comes to tax season, with a wide variety of tax deductions to consider, as well as many factors that might mean that tax has been overpaid, many people will be looking forward...