Unlimited Representation Before the IRS

IRS Auditor - SliderIf you receive an IRS notice or are selected for an audit, then one of your rights as a taxpayer is to have unlimited representation by a credentialed tax practitioner to act on your behalf.   New for 2016 is the addition of the word “unlimited“.  This means that professionals who fall under this category can represent you regardless of whether or not they prepared your tax return.  A Certified Public Accountant (CPA) is an example of one of those tax practitioners.  Loggins Kern & McCombs has been a certified tax practitioner for over thirty years and represented many clients before the Internal Revenue Service.  [Read more…]

October Deadline

Clock - Deadline 1For those you who filed an extension on your 2014 individual tax return, the deadline to file is right around the corner.  According to the IRS, about a quarter of the 13 million taxpayers who filed an extension have yet to file their return. The October 15th deadline is only a couple of weeks away so we encourage you to get your tax documents to us as soon as possible to allow adequate preparation time.

If you  need to make an appointment, call our office today at 770-478-7424.  You may not realize it, but you don’t “have” to come into the office for an appointment.  We have many clients who send their documents in the mail with a follow-up phone consultation if necessary.  When mailing tax-related documents to our office, it is best to do so in a way that can be tracked through the post office or other shipping service (UPS or FedEx).  We also have clients who scan and email their support documents which is a viable and time-saving option.  The countdown is on – We hope to hear from you soon!

 

Tips for Taxpayers Who Missed the Tax Deadline

If you missed the April 15 tax filing deadline, don’t panic.  Loggins Kern & McCombs can assist with all aspects of your tax preparation needs.  Here are a few tips: [Read more…]

IRS Direct Pay Option

Direct Pay ButtonThe Internal Revenue Service offers a web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration. [Read more…]

5 Tips to Help You Pay Your Tax Bill

If you get a tax bill from the IRS, don’t ignore it. A delay may cost you more in the long run. The longer you wait the more interest and penalties you may have to pay. Here are five tips to help you avoid those extra charges: [Read more…]

Affordable Care Act – Individuals

RS_Affordable_Care_Act_for_Health_Insurance_Market_PlaceNew IRS Publication Helps You Find out if You Qualify for a Health Coverage Exemption

Taxpayers who might qualify for an exemption from having qualifying health coverage and making a payment should review a new IRS publication for information about these exemptions. Publication 5172, Health Coverage Exemptions, which includes information about how you get an exemption, is available on IRS.gov/aca.

The Affordable Care Act calls for each individual to have qualifying health insurance coverage for each month of the year, have an exemption, or make an individual shared responsibility payment when filing his or her federal income tax return.

You may be exempt if you:

  • Have no affordable coverage options because the minimum amount you must pay for the annual premiums is more than eight percent of your household income,
  • Have a gap in coverage for less than three consecutive months, or
  • Qualify for an exemption for one of several other reasons, including having a hardship that prevents you from obtaining coverage or belonging to a group explicitly exempt from the requirement.

affordable-care-act-calculatorOn IRS.gov/ACA, you can find a comprehensive list of the coverage exemptions.

How you get an exemption depends upon the type of exemption. You can obtain some exemptions only from the Marketplace in the area where you live, others only from the IRS when you file your income tax return, and others from either the Marketplace or the IRS.

Health-Insurance-Marketplace-stacked-logo-600x172Additional information about exemptions is available on the Individual Shared Responsibility Provision web page on IRS.gov. The page includes a link to a chart that shows the types of exemptions available and how to claim them. For additional information about how to get exemptions that may be granted by the Marketplace, visit HealthCare.gov/exemptions.

Heathcare GOV Logo

Proposed Changes in W-2 Reporting

Form W-2 - canstockphoto5639900 - Cropped & ResizedThe Treasury Department has made several proposals that may affect how and when businesses issue W-2s to government agencies, specifically the IRS.  This effort is to attempt to curb the increasing threat of identity theft [Read more…]

10 Things to Know about IRS Notices

irs1Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons.  Many think that an IRS notice is synonymous with an audit.  You nervously open the envelope or worse, file it away and ignore it.  Many letters and notices can be dealt with simply (with no need to call or visit the IRS).

Recently the IRS redesigned its correspondence to include a plain and simple explanation of the nature as well as any action needed from you, the taxpayer.  So what should you do if one of these letters/notices shows up in your mailbox?  Here are ten things to keep in mind: [Read more…]

Everything You Wanted to Know about Amended Returns

Mistakes canstockphoto19458158

Should you file an amended return?

Did you discover that you made a mistake after you filed your federal tax return?

You can make it right by having Loggins Kern & McCombs file an amended tax return for you. Here are a few tips to keep in mind about filing an amended tax return.

 

 

[Read more…]

Safeguard Tax Returns

IRS - Disaster PlanningSome natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic steps you can take now to prepare: [Read more…]