USTaxAid Services

My husband just got an email that’s one of those good news/bad news type of deals.  The writer had a fantastic 2008.  He made money hand over fist.  The problem was, he’d just come off a series of really bad years with lots of losses and had no money to pay his taxes.  Now what? ...

If you haven’t yet filed your tax return (and this year is the year you probably REALLY want to extend it due to all the uncertainty with 2009 tax law), you can still select how you want your LLC to be taxed. So, for example, let’s say you have a single member LLC and you ...

The IRS is gearing up for the next onslaught of audit attacks.  This time they’re after Sole Proprietorships aka Schedule C filers.  Remember if you have a Single Member LLC and have NOT elected how to be taxed for your business, you’re going to default right into the Sole Proprietorship category. Based on the number ...

I reviewed a return for a prospective client this past week (as part of our FREE! CPA Tax Review program).  First of all, his cover letter was touching.  He’d had a very hard year, like many of you have.  He’d lost his house in a short sell, but barely managed to hang on to his ...