Tag: Baldwin NY Tax Preparers

Employee or Independent Contractor?

Consultation Preparation Representation
Consultation Preparation Representation

 

In order for a business owner to know how to treat payments made to workers for services, he or she must first know the business relationship that exists between the business and the person performing the services. A worker’s status determines what taxes are paid and who is responsible for reporting and paying those taxes. A worker performing services for a business is generally an employee or an independent contractor. If a worker is classified incorrectly, the IRS may assess penalties on the employer for nonpayment of certain taxes.

Read the entire article, Employee or Independent Contractor here.

 Any accounting, business or tax advice contained in the Tax E Man Blog or http://www.PatTax.net, including attachments, links and enclosures, are not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax related penalties.

If desired, Pat Tax, Inc. would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired.

The Tax E Man Blog, along with our website http://www.PatTax.net, are designed to be year round resources for tax consultation, preparation and representation services provided by Pat Tax, Inc. . Please feel free to contact us with any questions or  concerns.

Services We Provide Include

  • Income Tax Preparation for individuals and small businesses
  •  Electronic filing of all Federal and State returns with direct deposit of refunds
  • Scheduled electronic payment of balance due
  • Income Tax Consulting
  • IRS Tax Representation
  • Unified Tax Returns
  •  Amended Tax Returns

“Empowering clients thru education, a stress free transaction and an excellent service experience.”

 

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Taxpayer Bill of Rights

Tax Consultation Preparation and Representation

Happy New Year and welcome to the Tax E Man Blog. As we enter tax preparation season, it is important to know what your rights as a tax payer are. It is for this reason that this issue provides recent revisions to these rights as well as other important updates.

In this issue content from the tax letter “Tax News and Industry Updates” will be provided. Among the subjects covered is the “Taxpayer Bill of Rights”. The Taxpayer Bill of Rights is 10 provisions compiled by the Internal Revenue Service that “take the multiple existing rights embedded in the tax code and groups them into 10 broad categories making them more visible and easier for taxpayers to find.”.

Press 2014 Tax News and Industry Updates to read.

The 10 Taxpayer Rights are

  1.  The Right to Be Informed
  2.  The Right to Quality Service
  3.  The Right to Pay No More than the Correct Amount of Tax
  4.  The Right to Challenge the IRS’ Position and Be Heard
  5.  The Right to Appeal an IRS Decision in an Independent Forum
  6.  The Right to Finality
  7.  The Right to Privacy
  8.  The Right to Confidentiality
  9.  the Right to Retain Representation
  10.  The Right to a Fair and Just Tax System

The Taxpayer Bill of Rights has been incorporated into IRS Publication 1, “Your Rights as a Taxpayer”, revised in 2014.

Any accounting, business or tax advice contained in the Tax E Man Blog or http://www.PatTax.net, including attachments, links and enclosures, are not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax related penalties.

If desired, Pat Tax, Inc. would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired.

The Tax E Man Blog, along with our website http://www.PatTax.net, are designed to be year round resources for tax consultation, preparation and representation services provided by Pat Tax, Inc. . Please feel free to contact us with any questions or  concerns.

Services We Provide

  • Income Tax Preparation for individuals and small businesses
  • Multiple Year Non-filer Income Tax Preparation
  • Electronic Filing of all Federal and State Returns with direct deposit of refunds
  • Scheduled Electronic payment of balance due
  • Income Tax Consulting
  • IRS Tax Representation
  • Unified Tax Returns
  • Amended Tax Returns

“Empowering clients thru education, a stress free transaction and an excellent service experience.”
Continue reading “Taxpayer Bill of Rights” →