Call Us Today For An Appointment -- 845-242-2151
695 Dutchess Turnpike, Suite 206 Poughkeepsie, NY 12603
Tax Season Tips
Date 09/26/2017
One Example of Simple Tax Planning
Posted by Patrick O'Hara
Date 09/17/2017
What Do I Need For My 2017 Taxes
I've put together a simple primer, similar to what I've sent in years past, on what you should be pulling together by the end of the year. But the BEST way to be prepared is to have a customized conversation now about installing a proactive strategy to minimize your specific tax burden ....Read More
Posted by Patrick O'Hara
Date 07/17/2017
The tax return preparation process is always a "historical" look at what happened during the year ... whereas DURING the year, there are always things we can do to "write" history, so to speak. What I will advise you on now is "quick and dirty" tax planning for wage earners. There's usually much more that can be done, even if you don't have complicated investments or business ownership. That's worth a conversation (so call or email our office!). But here's a good place to start......Read More
Posted by Patrick O'Hara
Date 04/18/2017
Because according to the most recent report on the matter, issued by the General Accounting Office, taxpayers overpay the IRS over $1 billion every year due to incorrect itemization and preparation.
What's worse is that those who prepared their own taxes (with a software or on their own) are the most vulnerable, according to the report. But did you also know that taxpayers who used one of the "big chain" preparers are almost as bad off?...Read More
Posted by Patrick O'Hara
Date 04/11/2017
Extensions and 'Unable To Pay Taxes Due'
An "Extension of Time to File" is not an "Extension of Time to Pay", unfortunately. The Extension simply gives you an automatic six months of additional time to get your paperwork together and file that return. But, if you owe more than what you paid with your estimate, you'll be accumulating penalties and interest on the difference...Read More
Posted by Patrick O'Hara
Date 03/28/2017
"I can't have been procrastinating. I've been really busy!" But that's the point: when we're busy, we can easily trick ourselves into thinking that all of that activity means we're not procrastinating...Read More
Posted by Patrick O'Hara
Date 03/07/2017
Documents You Need For Tax Preparations 2017
With the increased penalties associated with the ACA in 2017, and all of the other changes every year, filing your taxes on your own is not for the faint of heart...Read More
Posted by Patrick O'Hara
Date 01/30/2017
What To Look For In A Tax Professional
Unfortunately, with the way that most tax professionals and CPA's present themselves to the world, it seems like we're all the same...Read More
Posted by Patrick O'Hara
Date 01/24/2017
Common Self-Preparation Tax Errors To Avoid
As all of your information is coming into your mailbox or being uploaded to your online accounts this month to prepare for your taxes, it can be tempting to forego the perceived "expense" of using a professional to help you save on your taxes for the year...Read More
Posted by Patrick O'Hara
Date 10/17/2016
Essential Recordkeeping Principles for Taxpayers
Many of our clients have never received that dreadful notice from the IRS, initiating an audit -- or, much worse, the KNOCK on the door! If you never have, you probably don't keep much financial documentation...Read More
Posted by Patrick O'Hara
Date 09/12/2016
Ensuring Your 2016 Taxes Are Done Right
Believe it or not, now is the time to start making sure that you'll be ready for a few months from now, when tax time is upon us. Generally speaking, you should keep any and all documents that may have an impact on your federal tax return...Read More
Posted by Patrick O'Hara
Date 04/25/2016
After You File Your Taxes ... What Now?
he big rush to get everything filed is finished. At least, of course, if you didn't file for an extension. But that doesn't mean you may not still have questions. Here are some common ones we get this week...Read More
Posted by Patrick O'Hara
Date 04/11/2016
Extensions and When You Can't Pay Your Tax Bill
An "Extension of Time to File" is not an "Extension of Time to Pay", unfortunately. The Extension simply gives you an automatic six months of additional time to get your paperwork together and file that return...Read More
Posted by Patrick O'Hara
Date 03/14/2016
I've heard too many horror stories about taxpayers getting a letter from the IRS, then they take it to their accountant, and then the letter sits on a desk gathering dust...Read More
Posted by Patrick O'Hara
Date 02/29/2016
O'Hara's Tax Document Checklist (Again)
Yes, this is a long checklist -- but it's the unfortunate reality of our tax code that it's not even comprehensive! But these items will cover 95% of our clients. Really, this is for ensuring that we're able to help you keep every dollar you can keep under our tax code...Read More
Posted by Patrick O'Hara
Date: 02/08/2016
By now, you should have received most of your tax documentation. If organizations haven't sent you the necessary paperwork by now, then they are subject to certain consequences. Unfortunately, these consequences don't often carry much teeth for employers and sometimes HR departments or very small businesses don't get their act together...Read More
Posted by Patrick O'Hara
Date 01/20/2016
Hidden Fees Behind Popular Tax Chain Offerings
For various liability issues, I'm loathe to actually mention this company by name, but let's say (for the purposes of this conversation) that there's a big, popular company who made its fortune on the backs of lower-income taxpayers...Read More
Posted by Patrick O'Hara
Date: 01/06/2016
With the increased penalties associated with the ACA in 2016, and all of the other changes every year, filing your taxes on your own is becoming much less 'fun' for regular taxpayers -- even with nice-looking software on the market which purport to make it easy for you....
Posted by Patrick O'Hara
Archives
Categories
Call Us Today For An Appointment - 845-242-2151
© Copyright 2019 The Tax Alternative Group LLC ALL RIGHTS RESERVED.