Posts by Jeff Baker

Indiana CPA: What Should I Consider Asking?

Posted by on Feb 2, 2017 in Tax Tips | Comments Off on Indiana CPA: What Should I Consider Asking?

Indiana CPA: What Should I Consider Asking?

Searching for an Indiana CPA (certified public accountant) doesn’t have to be a “taxing” process. In this post, we’ll explore questions to ask yourself when evaluating CPAs. Does Your CPA Ask Questions? When choosing a CPA, you’ll want to find an individual who will take time to get to know you and your finances. Your CPA is an advocate and can work with you to ensure you receive all of the deductions that you qualify for. A quality CPA will also help you plan for the year ahead. CPAs should provide a higher level service than simply dropping off your W2 and...

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CPAs vs. Enrolled Agents & Non-Licensed Preparers

Posted by on Dec 9, 2016 in Tax Tips | Comments Off on CPAs vs. Enrolled Agents & Non-Licensed Preparers

CPAs vs. Enrolled Agents & Non-Licensed Preparers

File Taxes Indiana: Who Should Help You? What’s the difference between a certified public accountant (CPA) and an enrolled agent? What distinguishes them from non-licensed tax preparers? In this post, we’ll explore these three roles as related to tax preparation. Certified Public Accountant CPAs typically conduct financial audits and provide accounting services. In order to qualify as a CPA, individuals must pass the Uniform CPA Examination, which is the only licensed qualification available in accounting. Because CPAs work with accounting, many provide tax services to businesses...

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What Should I Look for in an Indiana Tax Preparer?

Posted by on Nov 4, 2016 in Tax Tips | Comments Off on What Should I Look for in an Indiana Tax Preparer?

What Should I Look for in an Indiana Tax Preparer?

So, you’ve decided that you don’t want to file your own taxes or rely on an online tool. You’d rather work with a human being who can answer your questions in real time and help you file your tax return correctly. Or maybe you did your own taxes or purchased an online tool to file your return and you’ve received a notice letter from the IRS. There are various professionals who can prepare your taxes, but there are a number of things to consider when searching for an Indiana tax preparer. In this post, we’ll take a look at factors to evaluate as you conduct your...

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Have You Received this Letter from the IRS?

Posted by on Oct 21, 2016 in Tax Tips | Comments Off on Have You Received this Letter from the IRS?

Have You Received this Letter from the IRS?

Premium tax credits can cause confusion, as evidenced by the letter that many Americans are receiving after incorrectly filing their taxes in 2015. This letter from the IRS outlines the problem and the actions to take to correct it. In this post, we’ll discuss how taxpayers in Indiana and the rest of the United States can take action to resolve the issue. Understanding Your Letter The letter states that: “According to our records, advance payments of the premium tax credit were made for health care coverage from the Health Insurance Marketplace for you or someone listed on your...

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Federal Income Tax Return Basics

Posted by on Sep 23, 2016 in Tax Tips | Comments Off on Federal Income Tax Return Basics

Federal Income Tax Return Basics

Are you looking for help filing your federal tax return? Perhaps you just got your first job and are looking for a few pointers? In this post, we’ll take a look at what you need to know about filing your federal income tax return. If you’d like to learn more about filing your Indiana state taxes, click here. Federal Tax Return Information Individuals filing federal tax returns in the United States receive a $6,300 standard deduction as well as an exemption amount. The numbers change each year, but there is a base level amount above which an individual will have to file. Be sure...

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