Missing the filing deadline does not automatically mean that you will be hit with penalties and interest. Interest and penalties only apply when there is tax due. However, a taxpayer can lose a refund due if they wait more than three years to file a return.
A [...]
Continue Reading →You often hear of people saying that you should or should do something “because you get a tax deduction.” Changing your normal course of action just because a tax incentive is usually not a good idea. One can point to the 10% tax credit on home purchases in 2008. Home [...]
Continue Reading →Thinking about Free 1040EZ through a national chain? Think again!
Many national chains will file a form 1040EZ for free as a service to customers but will always
try to sneak in hidden charges. The most common hidden charge is a fee to file a state return that
can cost upwards of $40 [...]
If you are like most Oshkosh or Fox Valley business owners, you may have taken a deduction for your home office or for an area of your house used in business. Also, you may be familiar with the 43-line Form 8829, the form used to calculate an [...]
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The Fiscal Cliff
This past summer, my wife Jamie and I visited High Cliff State Park. The cost of admission was $7. I’m ashamed to say I grew tired climbing the path to the 40-foot observation tower at the vantage point of the cliff. From the observation [...]
Continue Reading →When you have ideas of starting a retail business, you dream of the storefront, what you’ll sell, and how much you’ll charge for it. The last thing on your mind is the first thing you have to accomplish. That is letting your State and Federal Government know that you are doing this. [...]
Continue Reading →I wrote a short post on The CPA Journey, as I had experienced it, about six months ago on August 8, 2011. My mind wandered there probably because I had taken my last CPA test a little over a week before that, on July 30. Just 21 days later, [...]
Continue Reading →The Certified Public Accountant (CPA) exam is tough. In the State of Wisconsin, you have to wait until you have the required 150 credit hours before you can take the exam also. This means, that when you take the tests, you are graduated and well on your way in the professional world. [...]
Continue Reading →A little over four years ago, in 2007, I was finishing up my sophomore year at the University of Wisconsin at Oshkosh. My GPA might have been a 2.9x (Mom always told me to get a 3.0 or better). School was never my favorite thing in the world, and I think the feeling [...]
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What is an audit? Wikipedia calls it:
“Auditing is the independent examination of financial information of any entity, whether profit oriented or not, and irrespective of its size or legal form, when such an examination is conducted with a view to expressing an [...]
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"Back in college I pitched an idea to my marketing student group that I truly believed in: "Anything of quality can be had at an affordable price." The Tax Relaxer is built on the same simple principal: "Quality Returns, Prepared and Reviewed by a Quality Specialist, for an Affordable Price, PERIOD."
- Kevin McMullen, Founder
