RocketBlog

A Safe Haven in a Choatic Industry. A blog about the tax relief industry, tax compliance, tax return preparation, tax advice, and tax innovations.

Tax Relief Scams

by Admin on January 24, 2014

As the 2014 tax season begins, we want to make sure that taxpayers are receiving assistance from decent tax practitioners. Here on the Rocket Blog, we’ve been advocating an honest approach to tax resolution, which unfortunately for many taxpayers has not always been the case. Here are a few guidelines to follow as you’re selecting your tax professional for any return preparation or resolution service:

  • Ask the professional about their credentials. Tax practitioners must be an attorney, CPA, or Enrolled Agent to represent you before the IRS. Anybody preparing a tax return must be registered with the IRS through its PTIN program
  • Don’t pay anything to anybody until you have had an opportunity to review and approve a Letter of Engagement. The Letter of Engagement should describe the scope of the services to be performed by the practitioner, the fees for those services, and other terms of the Engagement (like duration and refund policies).
  • If you’re speaking to somebody about your tax problem and that person is not a tax professional, you should move on to another firm. Assistants may schedule appointments or get general information, but assistants should not be discussing substantive tax issues or discussing fees in any great detail. Only tax practitioners are licensed to represent you and have the knowledge to adequately address your tax problems.

If you are looking for professional tax help, we encourage you to be vigilant in your due diligence. If you need help with a tax problem, please contact us at (866) 347-5425. We have attorneys and CPAs standing by to assist. We do not collect payments until you have had an opportunity to review an Engagement Letter. We provide refunds to the extent that there remains work to be completed on the engagement. We look forward to hearing from you.

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit

{ 0 comments }

Free Tax Filing

by Admin on January 22, 2014

On January 17, the IRS opened up its free filing initiative with 14 commercial tax products offering filing at no cost. There are some gotchas with the program, but if your income is below $58,000, you may find some benefit to visiting the IRS’ website:

http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit

{ 0 comments }

2014 Tax Season Underway

January 11, 2014

The IRS announced that the 2014 tax season will officially kick off on January 31, 2014. On this date, taxpayers will be able to e-file their returns and free file their returns for a speedy refund. The IRS claims that it is opening tax season a couple weeks late this year, due to the federal […]

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit
Read the full article →

Suggest improvements to the IRS

January 8, 2014

Did you know that you can help improve the IRS? Well, not directly, but at least they are trying to listen. You can submit a concern, complaint, or suggestion online or by phone. We know many of our customers find that working with the IRS is difficult, time consuming, and often downright frustrating. At Rocket […]

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit
Read the full article →

New Tax Law: Automatic Gratuity

January 4, 2014

Congress never seems to rest. They invent new laws for just about anything that crosses their desk. What’s new for 2014? LOTS and LOTS, but one new law may impact the restaurant industry, specifically Americans who wait tables for a living. The change affects automatic gratuities on restaurant tabs. You know, when you receive a […]

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit
Read the full article →

Revised IRS Publication 17

January 2, 2014

Happy New Year! Ready for the 2013 tax season? The IRS says it is. They recently published a revised Publication 17, Your Federal Income Tax, that can be found in PDF format here: http://www.irs.gov/pub/irs-pdf/p17.pdf The guide is designed to help taxpayers prepare for the 2013 tax season and provide answers to commonly asked questions. Despite the new […]

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit
Read the full article →

E-file Gaining Popularity

December 23, 2013

More than 122 million tax returns were e-filed in 2013. Of those, approximately 45 million were self-prepared and the remainder prepared by professionals. Surprisingly, tax returns filed by professionals exceed those that are self-prepared by almost three to one — but the trend is in the favor of self-prepared returns. In 2013, self-prepared returns were […]

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit
Read the full article →

IRS in December

December 20, 2013

With December and its holidays, the IRS can expect a slow month as people are preoccupied with the holiday season. The IRS will be closed on New Year’s and Christmas day, so please take into consideration those holidays if you plan to call the IRS at any time. About this time of year, the techies […]

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit
Read the full article →

IRS Mileage Rates Announced

December 17, 2013

For small businesses, the IRS mileage rate can be a great way to save on taxes. The IRS recently announced the new mileage rates for 2014, so take note entrepreneurs and freelancers.  Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: […]

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit
Read the full article →

Audits on Multi-nationals Are Rising

December 8, 2013

According to a survey of tax professionals by Thomson Reuters, corporate tax audits have increased dramatically over the past two years. 44 % of respondents said their audits increased 25-50% over the last two years, 15% said their audits had increased by a margin of 50-75% and 16% said their audits increased 75% or more.  Only […]

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Twitter
  • Reddit
Read the full article →