ATS-CPA.com Website
Some of the things that are on our site and (the specific locations) are:
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A Tax Organizer (Home Page / Free Tax Organizer). Upon request, we can mail you a two page version of an organizer.
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Federal and Georgia E-file forms for both corporations and individuals (Home page / E-file forms)
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A way to track the status of your Federal or Georgia refund (Home Page/Tax Center)
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A discussion of how to determine if the company should purchase a vehicle or have Business use of your personal vehicle. (Home Page / Blog)
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QuickBooks tips to improve speed and accuracy. (Home Page/Financial Guide / Quickbooks Tips)
Higher Tax Rates
It is very likely that no matter which party wins the 2012 Presidential Election, there will be tax increases in Capital Gains, Dividends and Ordinary Income. We will know more by December 2012. But, if you are planning to sell stocks, bonds, real estate etc. within the next two years, you should consider selling in 2012.
Referrals
Thanks to your support and referrals we have had our 20th year of growth. We appreciate that very much. The nicest compliment that you can give us is referring us to a friend. Another compliment would be to post a testimonial on YELP.
Negotiating with IRS
Did you know that we can negotiate with IRS? In today’s economic situation we have had a record number of clients asking us to do things like: determine if there are any outstanding liabilities; resolve prior year issues; develop a payment plan, and prepare and negotiate an Offer in Compromise.
IRS Penalties and Interest
We have seen a significant increase in IRS assessment of Late Filing Penalties and Interest. We have also seen instances of individuals unable to receive refunds due to late filing of their return. (OUCH)
The due date for filing Corporate Returns is March 15, 2012, or with an extension September 15, 2012. If your corporation is taxed as an “S” corporation, the IRS assesses a late filing penalty of $195 per month per shareholder for up to 12 months. (OUCH again)
The due date for filing a personal return is April 17, 2012 or with an extension October 15, 2012. An extension to file does not give you an extension to pay. The failure to file penalty is 5% of the unpaid balance (Max 25%). If the return is more than 60 days past due, the minimum penalty is $139. The failure to pay penalty is .5% of the unpaid balance. (Max 25%) Any tax due that is not paid by April 15 will be assessed penalties retroactive to January 1.
