Thursday, January 16, 2014

2014 Internet Tax Savings Coupon

Four problems people have with tax preparers and what we have done to solve them.

1.They are not open when you really need them to help you...
Tax Partners Budgetax doesn’t disappear after April 15th. The IRS issues most notices three to four months (sometimes even years) after you file. We are open 52 weeks a year. Our professionals are here to help you when you need us.

2. Inexperienced, poorly trained, low paid, stressed out tax preparers, punching numbers into a computer...
At Tax Partners Budgetax, we employ only full time tax professionals to prepare your return. They know how to make the tax laws work for you. Our 29 years in business means we have the experience to help our clients get larger refunds. You’ll like our friendly personalized service. We really mean we don’t speak “Tax Geek” unless we have to.

3. No professional support when you need it the most...
Online tax services, tax preparation software, and big name tax preparers talk about audit support but they really don’t mean it. Read the fine print...you really are on your own. Since Tax Partners Budgetax preparers are enrolled to practice with the Internal Revenue Service, we can represent you in case of an audit, not simply attend the conference, or allow you to download a suggested help sheet.

4. Poor Service...
A big name doesn’t always mean a better service. You’re treated like a number and have to wait in a hot, stuffy waiting area for hours. Your time is important to us. At our office we promise no long wait, whether you make an appointment or just drop off your tax information. Our fees are fair and guaranteed. We’re fast, friendly and affordable. And most importantly our emphasis is not on expensive refund anticipation loans but your larger refund.

Save $28.00 On The Preparation Of Your 2014 Personal Income Tax Refund!

Just mention the code Illini 2014


Present this coupon along with your income tax information and we will immediately deduct $28.00 from our fee.  No need to prepay for your tax preparation.  Our Fee Collect  program allows you to pay for your tax preparation fees directly out of your refund.  All returns are E-Filed for free.  No additional charge. We are open seven days a week.  No appointment necessary.  No long wait guarantee.  Not combinable with other offers.
Visa, Mastercard, American Express accepted.

Wednesday, January 15, 2014

If you call the IRS chances are they won't answer.

From Federal News Radio.com


The IRS budget has been on the decline over the past few years — even as the IRS workload has increased. 

The agency's budget last year stood at about $11.2 billion, about $1 billion less than what Congress allotted the agency in 2010. Over the same time, the agency has downsized by about 8,000 employees.

That has had severe implications for the services offered by the agency as well as its ability to enforce tax collections, according to the report.

For example, the agency projects it will only be able to answer 61 percent of customer service calls — equating to 20 million unanswered phone calls — this year, according to the report.
Meanwhile, phone waiting times are approaching 20 minutes "for those lucky enough to get through," the report stated. A decade ago, the average wait time was less than three minutes, according to the National Treasury Employees Union.

Spending on training employees has also dried up in recent years. Total dollars spent on training declined from $172 million in 2010 to $22 million in 2013 — a more than 80 percent decline.  "The IRS not only has fewer employees than four years ago, but those who remain are less equipped to perform their jobs and to understand and respect taxpayer rights," the report stated.

As someone who calls the IRS literally on a daily basis, your tax guy agrees.  The Monday before Christmas we waited two and a half hours,  let me say that again two and a half hours, before I could talk with  a representative, who couldn't even help us.  Extraordinary. The additional Obama care enforcement responsibilities only exasperate the situation.  This is an agency that still stores taxpayer data on 60's era magnetic tape.  The system is collapsing.




Read more by clicking on this link.

Monday, January 13, 2014

2013 it ain't over to we say it is over.

Tax Pro Today just sent me a list of year end tax moves still available in January. 


Many considered Dec. 31, 2013, the final date for year-end tax planning, but there are numerous planning actions that you can take in 2014 retroactive to 2013. Here’s a quick and easy guide to help you with your planning.

Retirement Plans
• Conventional and Roth IRA contributions for 2013 can be made until the April 15 return due date for the payment to be attributed to 2013.

• Contributions for Keogh, SIMPLE and 401(k) can be made up until the due date of the return including extensions. However, the Keogh, SIMPLE and 401(k) plans must have been established before the end of 2013 (Sept. 30 for SIMPLE plans), unlike the IRAs.
• SEP plans can be opened any time in 2014 until the tax return due date, including extensions, and/or payment delayed until then for the 2013 deduction to be allowed.


Read more by clicking on this link.  

Wednesday, January 8, 2014

Our new podcast is up and going

Jim Chipman and Don Fuener talk about things to do right now to save on your 2013 tax return. Earned Income Credit due process information and crazy world of tax lien resolution.




Click on this link to listen to our podcast.