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Our Special Edition Newsletter is now online!

Many tax provisions of The American Taxpayer Relief Act may affect you when we prepare your 2012 taxes and plan for 2013. Our Special Edition Newsletter highlights some of these major tax changes.

tax deductions

Tax Deductions for Landlords

Posted on March 1, 2013 by StrataTax | 0 Comments

One of the biggest advantages of personally owning a residential rental property is the tax benefits that they offer. Rental real estate properties provide more tax benefits than almost any other investment. These tax benefits are often large enough to make the difference between losing money and earning a profit on a rental property. Here are the most significant tax…

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Get the Most Out Of Your Meeting with a Tax Professional

Posted on February 24, 2013 by StrataTax | 0 Comments

Get the most out of your meeting with a tax professional by following these easy tips. For tax preparation, schedule your tax appointment for early in tax season. Tax professionals usually have more time to spend with clients early in tax season. Towards the end of tax season, their free time may be scarce. If you are interested in tax…

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Tax Preparer

What to Look For In a Tax Preparer

Posted on February 17, 2013 by StrataTax | 0 Comments

The title or designation of a tax preparer isn’t the only qualification you should consider when searching for a new tax preparer. When hiring a new tax preparer, look at more than just the letters after his name. A tax preparer’s technical ability with the tax law and compatibility with your personality are important qualities to consider. Technical Ability Tax…

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Services Individual Tax Planning 1

Steps Newlyweds Should Take Now to Ease Stress at Tax Time

Posted on January 28, 2013 by StrataTax | 2 Comments

If you are newly married or planning a wedding, income taxes might be the last thing on your mind. However, here are a few steps for newlyweds to help reduce stress at tax time. Change Your Name and Address If you change your name, report the name change to the Social Security Administration. This is important so your name and…

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how do I treat my other

How Do I Treat My Other Sources of Income?

Posted on January 11, 2013 by StrataTax | 0 Comments

Are you supplementing your regular income with other sources of income?  If so, familiarize yourself with the special treatment and reporting methods of these forms of compensation to stay in compliance with tax laws. A tax preparer, such as StrataTax, can educate you on the various sources of taxable income. A tax preparer can also help you identify which sources…

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lifesaver 1

Tax Services Your Tax Professional Should Be Providing To You

Posted on November 26, 2012 by StrataTax | 0 Comments

Tax preparation involves more than just data entry. The level of complexity of your tax return largely dictates the extent of tax services that will be required for your tax return. However, there are certain tax services that your tax preparer should be providing regardless of your tax situation. Even if you don’t have an immediate need for these tax…

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stand out

Tax Tips: How to Find a Qualified Tax Preparer

Posted on November 26, 2012 by StrataTax | 0 Comments

Finding a tax preparer can be as easy as asking a friend. However, finding a qualified tax preparer can prove to be more challenging. Find Your Tax Preparer What works best for your friends might not work best for you. For example, if you own a business and your friend doesn’t, his tax professional might not be familiar with business…

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Tax Prepararation that Meets Your Needs

Find a Tax Preparer That Meets Your Needs

Posted on November 26, 2012 by StrataTax | 0 Comments

With tax season approaching, now is the time to ensure that you have the proper tax professional lined up to prepare your tax return. Find the proper tax preparer by understanding why you should switch and what to look for in the new tax preparer. Why Change? If your tax situation became more complicated, such as if you bought a…

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Amended Returns penalty and interest

Interest and Penalties Related to Amended Tax Returns

Posted on May 30, 2012 by StrataTax | 0 Comments

By paying your taxes due and preparing your return with due diligence, you minimize the chances that interest and/or penalties will be asserted. Consulting with a tax preparer prior to filing your Form 1040X can provide you with information about correctly preparing your amended tax return.   Interest will be charged on taxes due that were not paid by their…

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Statute of Limitations

Amended Income Tax Returns and the Statute of Limitations

Posted on May 28, 2012 by StrataTax | 0 Comments

Generally, the IRS has three years to audit a tax return, as we discussed in our previous article “Time Limit for Filing an Amended Income Tax Return”. Filing an amended tax return does not restart that three-year statute of limitations.   If your amended tax return shows an increase in tax, and you submit the amended tax return within 60…

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