http://emsaccounting.com The key to your accounting needs Sun, 31 Mar 2013 11:34:49 +0000 en-US hourly 1 http://emsaccounting.com/600000-tax-refunds-delayed-by-education-credit-glitch/ http://emsaccounting.com/600000-tax-refunds-delayed-by-education-credit-glitch/#comments Wed, 13 Mar 2013 13:03:01 +0000 emsacc5 http://emsaccounting.com/?p=474 #followform { padding-top:5px; text-align:left; } The Internal Revenue Service has found that changes in Form 8863, Education Credits, are delaying more than 600,000 tax returns, many of which appear to come from H&R Block. The IRS acknowledged in an email Friday that it revised the form for tax year 2012 “to help taxpayers and tax preparers understand the qualifications for]]> http://emsaccounting.com/600000-tax-refunds-delayed-by-education-credit-glitch/feed/ 0 http://emsaccounting.com/11-changes-you-must-know-before-filing-your-tax-return-for-2012/ http://emsaccounting.com/11-changes-you-must-know-before-filing-your-tax-return-for-2012/#comments Thu, 28 Feb 2013 14:17:49 +0000 emsacc5 http://emsaccounting.com/?p=464 #followform { padding-top:5px; text-align:left; } With so many changes looming for 2013, it’s easy to forget that there were some significant tweaks to the Tax Code for 2012. Here’s a list of eleven changes to keep in mind before you file your 2012 tax return, due April 15, 2013: 1. Payroll tax credit will still affect self-employed taxpayers. The expiration]]> http://emsaccounting.com/11-changes-you-must-know-before-filing-your-tax-return-for-2012/feed/ 0 http://emsaccounting.com/sandy-relief-claim-your-losses/ http://emsaccounting.com/sandy-relief-claim-your-losses/#comments Tue, 26 Feb 2013 03:14:58 +0000 emsacc5 http://emsaccounting.com/?p=460 #followform { padding-top:5px; text-align:left; } Affected by Super Storm Sandy? Don’t forget to claim your losses! Em’s Accounting Service can help with that! Already filed? Forgot to claim your losses? No problem. We can help with that too! Maximize your refund! Contact us for more details]]> http://emsaccounting.com/sandy-relief-claim-your-losses/feed/ 0 http://emsaccounting.com/dont-miss-these-juicy-credits-and-deductions/ http://emsaccounting.com/dont-miss-these-juicy-credits-and-deductions/#comments Mon, 25 Feb 2013 14:02:44 +0000 emsacc5 http://emsaccounting.com/?p=458 #followform { padding-top:5px; text-align:left; } The IRS expects that 75 percent of all 2012 returns will be entitled to a refund, so if you haven’t started preparing your taxes yet, do it: There’s no reason to wait for April 15 to roll around to get that money back from Uncle Sam. And remember: If you do not file your return]]> http://emsaccounting.com/dont-miss-these-juicy-credits-and-deductions/feed/ 0 http://emsaccounting.com/beware-of-bogus-irs-e-mails/ http://emsaccounting.com/beware-of-bogus-irs-e-mails/#comments Mon, 25 Feb 2013 13:56:43 +0000 emsacc5 http://emsaccounting.com/?p=456 #followform { padding-top:5px; text-align:left; } The IRS has issued a warning to taxpayers who receive emails claiming to be from the agency. “Scammers use the IRS name or logo to make the message appear authentic so you will respond to it,” the warning reads, adding that the tactic is actually “phishing” — attempting to trick recipients into revealing personal and]]> http://emsaccounting.com/beware-of-bogus-irs-e-mails/feed/ 0 http://emsaccounting.com/brooklyn-business-plan-competition/ http://emsaccounting.com/brooklyn-business-plan-competition/#comments Sat, 23 Feb 2013 16:43:05 +0000 emsacc5 http://emsaccounting.com/?p=452 #followform { padding-top:5px; text-align:left; } Brooklyn Library Presents: 2013 PowerUP! Business Plan Competition Who Can Enter? If you are 18 years of age or older, live in Brooklyn and want to start a business in Brooklyn, you are eligible. PowerUP! is a competition to help applicants start a business. What Is the Prize? Nine winners will receive cash awards for]]> http://emsaccounting.com/brooklyn-business-plan-competition/feed/ 0 http://emsaccounting.com/irs-to-begin-accepting-education-credits-mid-february/ http://emsaccounting.com/irs-to-begin-accepting-education-credits-mid-february/#comments Sun, 10 Feb 2013 14:42:26 +0000 emsacc5 http://emsaccounting.com/?p=440 #followform { padding-top:5px; text-align:left; } The IRS will begin to accept the returns with Form 8863 and Form 4562 as described below: The returns with Form 4562 (Depreciation and Amortization) – on Sunday February 10, 2013. The returns with Form 8863 (Education Credits) – on Thursday February 14, 2013. Also as a reminder, some forms are still not eligible to]]> http://emsaccounting.com/irs-to-begin-accepting-education-credits-mid-february/feed/ 0 http://emsaccounting.com/irs-warns-taxpayers-to-choose-tax-preparers-wisely/ http://emsaccounting.com/irs-warns-taxpayers-to-choose-tax-preparers-wisely/#comments Wed, 06 Feb 2013 13:47:17 +0000 emsacc5 http://emsaccounting.com/?p=436 #followform { padding-top:5px; text-align:left; } The Internal Revenue Service is telling taxpayers to check the qualifications of tax preparers and their history in the aftermath of a stinging defeat in the court. Last month, the Judge James E. Boasberg of the U.S. District Court for the District of Columbia ruled that the IRS has overstepped its statutory authority in requiring]]> http://emsaccounting.com/irs-warns-taxpayers-to-choose-tax-preparers-wisely/feed/ 0 http://emsaccounting.com/social-security-changes-in-2013/ http://emsaccounting.com/social-security-changes-in-2013/#comments Sun, 03 Feb 2013 03:35:45 +0000 emsacc5 http://emsaccounting.com/?p=433 #followform { padding-top:5px; text-align:left; } Social Security recipients will get slightly bigger checks in 2013. The Social Security Administration also recently announced several other ways the program will be tweaked in the coming year. Here’s a look at the Social Security changes workers and retirees will experience next year: Bigger monthly payments. Social Security payments will increase by 1.7 percent]]> http://emsaccounting.com/social-security-changes-in-2013/feed/ 0 http://emsaccounting.com/irs-offers-advice-for-coping-with-delayed-tax-season/ http://emsaccounting.com/irs-offers-advice-for-coping-with-delayed-tax-season/#comments Thu, 24 Jan 2013 14:55:15 +0000 emsacc5 http://emsaccounting.com/?p=427 #followform { padding-top:5px; text-align:left; } The Internal Revenue Service provided advice to taxpayers Wednesday on dealing with the late opening of tax season on January 30 that could also prove helpful to tax preparers. For the first time this tax season, the “Where’s My Refund?” tool will provide personalized refund timelines for taxpayers. The IRS noted that it would begin]]> http://emsaccounting.com/irs-offers-advice-for-coping-with-delayed-tax-season/feed/ 0