From the nielsen law group Tag

Tax FAQ Series – Can You Talk To My Financial Advisor About My Tax Returns and Tax Information?

Yes, of course. BUT, we do need a signed 3rd party waiver from you to discuss your matters with the advisor. This also goes for anyone other than you. _______________________________________________________________________ If you have a question […]

Tax FAQ Series – What Can I Do If I Am Still Waiting On (or didn’t receive) a 1099 From a Company That I Worked For?

We just need the amount to report it. The 1099 isn’t necessary SO LONG as we have the proper, accurate amount. Have more questions? Call (480) 888-7111 to schedule your free consultation today! _______________________________________________________________________ […]

Tax FAQ Series – What Amount Of My State Refund Is Taxable?

The state refund is only taxable to the extent that it exceeded the sales tax deduction. This carry forward amount is calculated on what is called the “Refunds Worksheet” that can be found in […]

Tax FAQ Series – Is There A Time Limit For Capital Losses?

These types of losses can carry forward until they’re used. There is NO time limit. Have more questions? Call (480) 888-7111 to schedule your free consultation today. _______________________________________________________________________ Have a question you would like […]

Tax FAQ Series: Can You Provide General Information Regarding Retirement Plans?

Note that a good investment/financial advisor is very knowledgeable on this front and should be able to guide you in the specifics of using retirement accounts (along with a variety of other investment vehicles) […]

Tax FAQ Series – I owe taxes for a previous year, but I am getting a refund for the current year. What should I do?

You can just pay the difference. When you’re entitled to a refund, the IRS will first check to see if there are any amounts due for prior years and apply the refund to those […]

Tax FAQ Series – What should you know about filing prior year returns?

Filing a prior year return start the Statute of Limitations clock – as a general rule, the law allows the IRS to audit any return up to three years back from the date it’s […]

Tax FAQ Series – If I file an extension does that mean I can wait to pay my taxes?

No, an “extension” is a request for more time to file your return, not an extension of time to pay your taxes. Taxes are generally due by April 15th, and in some cases, by […]

Tax FAQ Series: I have rental properties, where should I report those?

In almost every situation, it is ideal to report rental properties on a business return, not your personal return (Schedule E). If you have more questions and would like to schedule a free consultation, […]