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******* Jeff The Tax Man is currently working on tax return client number 215, which we received on March 9, 2012. We are still accepting late returns, because our experience with other clients who have filed late and were due a refund has been that the IRS did not assess them a penalty, as long as they had timely filed an extension. But you must file within 3 years to claim your tax refund. Therefore, there still may be time for us to amend your 2008, 2009, and/or 2010 tax return(s). *******
****** NATIONAL SALES DIRECTORS - Get Jeff The Tax Man to educate your ladies either in person at Seminar, your Fall/Winter Advance, a Master Consultant Workshop, or January Jump Start, or now via live conference call presentations (see our "Speaking Calendar" page). Either way he can help you produce more Directors! Doesn't it make sense to include a training session from a tax expert in cosmetics businesses on how to maximize that business' specific tax deductions? He does not charge a speaking fee! See our "For Directors" page for more details plus a down loadable flier and copy of his speech outline to units. ******
***** Jeff The Tax Man hosted a live tax workshop conference call for Consultants and Directors from 10 separate states. To listen to the recording of this conference call, dial (712) 432-1085 and when prompted enter access code 226993#. Be sure to download the Cosmetics Business Worksheet before listening to the recording. He will refer to it often. After listening to the recording, please email us your feedback. If you like this type of training, ask your National Sales Director to invite us to speak at Seminar or at her Fall/Winter Advance. Direct her to the "For Directors" page of this website for details. Also, keep checking here for other possible events and resources. *****
**** TAX ALERT FOR ALL SALES DIRECTORS - We were recently informed that corporate no longer mails out commission reports that detail deductions for uniforms, website, Seminar registration, etc. Also, those records are available on line for only 3 years. Therefore, it is imperative that you go online and print off the monthly commission reports for each month in order to have a record of the expense to be able to claim the deduction on your tax return. It is also important to remember to print/save details when using Customer Delivery Service. Retain a printout of each order so you will have a record of Section 1, Section 2 (PCP gift with purchase), sales tax, and shipping expenses for that order. There are a lot of little expenses with each order that add up throughout the year. So claim every one of them in order to "Pay YOURSELF, not the IRS." ****
*** DON'T BE A VICTIM OF TAX SCAMS THAT ARE PERVASIVE DURING TAX SEASON. THESE INCLUDE PHISHING EMAILS PURPORTING TO BE FROM THE IRS OR TAKING YOU TO AN IRS LOOK-ALIKE WEBSITE. THE IRS NEVER COMMUNICATES WITH TAXPAYERS VIA EMAIL. Emails posing to be from IRS agencies are not new, but this year they seem to have amped up. We want to bring to your attention the newest scam. This particular email comes from support@irs.gov and notifies the taxpayer that they need to pay a failure to file fee for not filing Form 5471. The email tells the recipient to see the attached file for more information. Opening such attachments can compromise the user's computer. Read this from the (true) IRS website, which is www.irs.gov, http://www.irs.gov/newsroom/article/0,,id=241789,00.html and http://www.irs.gov/newsroom/article/0,,id=220238,00.html. ***
** ALERT! We recently heard about a tax ID scam. If you use Intuit products, such as Quicken or Quickbooks, beware of an email that requests you to click a link to update your Intuit tax information. The link will take you to a malicious website. **
* READ AN ARTICLE REGARDING THE IRS PURSUING HOBBY LOSSES AT http://www.Forbes.com/2009/07/10/irs-taxes-hobbies-personal-finance-hobby.html
. Finally, if you have thought about re-financing your mortgage but haven't, you should see your mortgage broker to do so while interest rates are at historic lows. It could save you hundreds of dollars every month. *
To check on the status of your refund, go to https://sa2.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp or call 1-800-829-4477.
Become a fan of Jeff The Tax Man and Tax Prep Financial Services on Facebook so you can receive alerts and updates instantly. Click here http://www.facebook.com/pages/Hurst-TX/Tax-Prep-Financial-Services/136953638417?ref=ts to do that.
Our motto is "Pay YOURSELF, not the IRS"
We specialize in preparing income tax returns for independent beauty consultants, Directors, Senior Directors, Executive Senior Directors, and National Sales Directors of a particular global cosmetics company. At last count, we have over 100 clients who are Directors and above, and that number is growing every year. In fact, over 90% of our clients have a home-based business and over 90% of those operate a cosmetics business. (These are not your normal, simple tax returns, and our business is not your typical storefront, prepare them while you wait, tax preparation firm.) Since our beginning in 1991, we have grown from 8 clients to approximately 500 today, virtually all by word of mouth referrals. Moreover, we have expanded our influence into 24 states and several foreign countries. We understand home-based businesses and their unique tax deductions because we are one. So if you operate a home-based business, we know how to prepare your tax return. And if you operate a particular cosmetics sales and management business, we probably know your business better than you do - because we make it our business to know that business. That's why we have saved thousands of people millions of dollars in tax and how we will help you "Pay YOURSELF, not the IRS." You may ask if our expertise is worth the money you would pay us to prepare your tax return? Click on "Testimonials" on the left side at the top of this page to see where Jeff The Tax Man changed one client's tax filing experience from owing $12,149 to getting a refund of $11,338. It was sure worth it to them. Moreover, you may ask if having us prepare your tax return is worth the projected wait. Well one client on our "Testimonials" page wished they had not paid their former tax preparer his fee, only to have to pay us to prepare it all over again in order to find them an ADDITIONAL $6,964 IN TAX SAVINGS. The moral: pay us to do it right (and thus get you the most tax savings) the first time!
* We charge for our services, including telephone or email consultations lasting over 15 minutes. For our rates, refer to our Policy Statement/Engagement Letter. *
** To become a client, click the "Tax Worksheets" tab. **
*** For our tax worksheets, click the "Tax Worksheets" tab. ***
**** For a map to our office, click the "Contact Us" tab. ****
***** For answers to many of your tax questions, click the "Tax Center" tab or the "Frequently Asked Questions" tab. *****
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