Tax Update/News
Fake E-mail Threaten Taxpayer with Financial Losses
The IRS does not send taxpayers unsolicited e-mails about their tax accounts, tax situations or personal tax issues. Don't be a victim. Any one who receive such e-mails avoid opening any attachment or clicking on any links. These links containTrojan horse type viruses. Also be aware of identity theft. read more
The Affordable Care Act
The Affordable Care Act was enacted on March 23, 2010. It contains some tax provisions that take effect this year and more that will be implemented during the next several years. read more
American Recovery & Reinvestment Act of 2009
Energy, education, new vehicle and homebuyer credits available to help save you money. read more
New Incentive for hiring
Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act. read more
Filing Late and/or Paying Late
If taxes are not paid, and no effort is made to pay them, the IRS can ask a taxpayer to take action to pay the taxes, such as selling or mortgaging any assets owned or getting a loan. If effort is still not made to pay the bill, or make other payment arrangements, the IRS could also take more serious enforced collection action, such as levying bank accounts, wages, or other income, or taking other assets. A Notice of Federal Tax Lien could be filed that may have a detrimental effect on a taxpayer’s credit standing. Try to pay your tax liability. If you have financial difficulties; there are some options available such as payment plan and offer in compromise etc. Talk to your accountant for more information
Understanding IRS Notices & Letter
We realize that receiving a notice or letter from the IRS can be unnerving, but if you follow these simple steps, the process to resolving the discrepancy should be straight forward. read more
Need a Copy of Your Tax Return Information
You have two easy and convenient options for getting copies of your federal tax return information--tax return transcripts and tax account transcripts--by phone or by mail.
Request transcripts by calling 1-800-829-1040 begin, or order by mail using IRS Form 4506T (Request for Transcript of Tax Return). IRS do not charge a fee for transcripts. Allow two weeks for delivery.
MK Accounting provides a broad range of accounting, tax preparation, bookkeeping, payroll, QuickBooks and business consulting services to individuals and businesses located in Palm Desert, La Quinta, Indio, Palm Springs, Cathedral City, Rancho Mirage,
Riverside, and Redlands.
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