Archive for the ‘Tax Information’ Category

What is a 1040?

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In the United States, a set of tax forms have been created to provide a uniform way for all citizens to report their yearly income. The most common of these is called the 1040 Form and exists in several variations, such as the 1040EZ and 1040A. Using these versions, the majority of Americans are able to prepare their tax filings … more


What is Electronic Tax filing?

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With the technology advances in the past decade, fewer and fewer people are using traditional mail to send in their tax returns. The current method of choice for delivering tax returns to the Internal Revenue Service is through electronic tax filing, or basically using the Internet to complete and send in the paperwork needed for an income tax filing. The … more


The Advantages of Hiring a Tax Professional

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In this modern age, there are many ways of completing your taxes, from sitting down with pencil and calculator to utilizing specialty software programs that do all of the math for you. Still, many people wonder each year whether they would be better off going to a tax professional who knows all the ins and outs of tax code and … more


What are the Penalties for not Filing 2012 Taxes?

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If you are thinking about not filing your taxes for the 2012 year, think again. Even if you currently do not have enough money to pay the amount that is owed, it is still a better decision to file the taxes and deal with the consequences than deciding to try and trick the IRS. It may take years to happen, … more


How to Avoid Overpaying for Taxes

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It may be hard to believe, but the vast majority of tax paying citizens in the United States are effectively giving away money each year by overpaying their taxes. While some may prefer to get a refund check from the IRS, the truth is that there are much better ways to take advantage of the money instead of giving it … more


What Documents Should you Bring to your Tax Professional

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To make a visit to a tax professional go as smooth as possible, it is important to make sure that you have all of the documents needed to file your return. Taking the time to prepare everything beforehand will eliminate the need to make multiple trips to the tax professional and will speed up the process of getting your taxes … more


Why R&G Brenner Can Lower your Tax Expenses in 2012?

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In contrast with the many tax preparation services that show up during tax season, R&G Brenner is a full time operation, with consultants that work around the year preparing tax statements and providing valuable tax advice to clients. With some of the more famous national companies, the person completing your taxes may be fresh out of training, learning only the … more


How To Avoid Overpaying Income Taxes

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Many Americans overpay the government each and every year and in essence, these overpayments are interest free loans to the government. Now granted, if you file your taxes properly, you should get all of the overpayed taxes back but if you hadn’t overpayed that money to begin with, it could have been sitting in an interest bearing savings account earning … more


What Information Is Contained In The W-2?

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The Internal Revenue Service (IRS) form W-2 is an individual’s wage and tax statement for a given tax year. It contains information used by the Internal Revenue Service to determine an individual’s total wages earned and total taxes paid in. State governments use the IRS form W-2 as well, in the calculation and preparation of state taxes, for those states … more


The Benefits Of Early Tax Peparation

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Dreading that April 15th tax deadline? Well then, why not file your taxes early and put all that dread to rest! There are a number of benefits to filing your taxes early and we’ll discuss them here so that you can be informed and prepared before the deadline rolls around.

Probably the most likely benefit that most people see in … more