Peter Hue http://www.peterhue.com Outstanding Tax Preparation Service Based in the San Francisco Bay Area Sun, 29 Apr 2012 23:22:52 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Tax Prep Costs: How Much Will It Cost to Get Your Taxes Done? http://www.peterhue.com/tax-prep-costs-how-much-will-it-cost-to-get-your-taxes-done/ http://www.peterhue.com/tax-prep-costs-how-much-will-it-cost-to-get-your-taxes-done/#comments Wed, 16 Mar 2011 21:50:58 +0000 Tony Hue http://www.peterhue.com/?p=142 Tax season is in full swing. In fact, income tax returns are due in just over a month. (This year, the IRS has moved the tax deadline from April 15th to April 18th.) For some folks, that means it’s time to pull out the reference books and devote a weekend to processing paperwork. For others, it means paying somebody else to crunch the numbers — preferably as cheaply as possible. Still others look for free options (such as Free File). And, of course, many people have already filed and received their tax refund!

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]]> http://www.peterhue.com/tax-prep-costs-how-much-will-it-cost-to-get-your-taxes-done/feed/ 0 Five Must-Use Tax Preparation Tools http://www.peterhue.com/five-must-use-tax-preparation-tools/ http://www.peterhue.com/five-must-use-tax-preparation-tools/#comments Fri, 10 Sep 2010 02:33:24 +0000 Tony Hue http://www.peterhue.com/?p=38
Lifehacker wrote a great article awhile back detailing 5 tools for preparing your taxes. I have used each of these tools in my profession including the IRS website and TurboTax. Here’s a small excerpt of the post:

Two kinds of people like doing their own taxes: people with uncomplicated tax liabilities that can use simple tax forms and masochists. If you’re in the former it’s really easy to hop online and either electronically file or download and print the basic tax forms you need. You can find the electronic forms here, the most popular printable forms are on the front of the IRS site—upper left side—or you can dig through the forms directory for what you need. If you have simple taxes it doesn’t make sense to pay a tax preparer a couple hundred bucks to just ask you basic questions and fill out the form for you. If you’re in the latter part of our earlier dichotomy and have more complicated taxes it might be worth hiring a professional or at minimum buying one of the annual books on preparing your taxes at home.

Full article here

Photo by Alan Cleaver

]]> http://www.peterhue.com/five-must-use-tax-preparation-tools/feed/ 0 Tips on How To Be Prepared for the 2010 Tax Season http://www.peterhue.com/how-to-be-prepared-for-the-2010-tax-season/ http://www.peterhue.com/how-to-be-prepared-for-the-2010-tax-season/#comments Mon, 15 Feb 2010 08:15:54 +0000 Tony Hue http://www.peterhue.com/?p=14

Wake up! Tax season is well under way and April 15th is not so long from today. Have you filed your taxes yet? Whether you have or not, it’s never a thrilling experience especially with unanticipated errors or overlooked expenses and deductions. In this year’s Super Bowl, the commentator remarked about a memorable quote Indianapolis Colts’ head coach Jim Caldwell made after he had asked him why he always seemed to look relaxed and almost carefree during the games. Coach Caldwell elegantly replied that “there’s nothing to be sweat about if you prepare.”

There is no substitute for preparation in any aspect of life. Tax season is no different. In this article, I will explain to you several tips on how you file your finished tax returns in a timely and stress-free manner.

Organize all Your Paperwork

Being messy with where you place your tax documents is unforgiving. Avoid the possibility of headaches by placing documents in folders or binders. So, what documents should you have check listed?

• W-2s from employers
• Homeowners need a record of mortgage interest they’ve paid
• Calculate rent paid during tax year
• Interest-income statements
• Personal property tax information
• Gifts to charity
• Childcare Expenses

Check and Recheck for Errors

The IRS does not feel any sympathy towards you if you incorrectly enter the wrong information in your tax return. In addition, make sure you cover all the deductions you deserve. According to MSN’s article, 10 Big Deductions Too Many People Miss, don’t forget to look out for:

  • Noncash contributions
  • New points on refinancing
  • Old points on refinancing
  • Health insurance premiums
  • Educator expenses
  • Student higher education expenses
  • Energy savings home improvement credit
  • Investment and tax expenses
  • Casualty deductions
  • Retirement on tax credit

Ask for Help

Don’t struggle alone. There’s always someone available to help answer your toughest questions. Google is your best friend for finding the answers you seek online at a click of a button. Furthermore, don’t hesitate to contact me via phone or email. I’ll do my best to answer any of your tax questions.

Purchase Tax Preparation Software

Most tax preparation professionals use software to complete tax returns because it makes the process tremendously easy to understand. Don’t be a Mr. Scrooge and refuse to spend your money on what could really make life ten times easier. I highly recommend Turbo Tax.

Photo by Gianni D.

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