Tax NFS

When Does the New ObamaCare Tax “Penalty” Come into Effect?
The fee for not complying with the ObamaCare Mandate will be paid on your 2014 federal tax returns. The income tax surtax at a rate of 1% or $95 in 2014.

The biggest mistake small business make. Fail to establish the right legal structure for their company. This hurts in getting outside investors, founders leave or they get sued by a customer or employee. Not having the right legal structure can open them up for personal liability.

You can reduce your taxable income by contributing money to a traditional individual retirement account (IRA). Contributions to traditional IRAs can be made as late as the first due date of a tax return.

If you are married filing separately, you and your spouse must both take the standard deduction or you must both itemize your deductions. You cannot mix-and-match (where one spouses itemizes and the other takes the standard deduction). As such, it usually makes sense to figure your taxes both ways (each spouse itemizing vs. each spouse taking the standard deduction) to see which will yield the best overall tax savings.

IRS predicts miserable 2015 tax filing season. Close to half the people trying to reach IRS by phone might not get through. “Phone service could plummet to 53%,”down from already unacceptable 72% during the 2014. The average hold time: 34 minutes! What’s to blame? Budget woes.

96% of our classes increase their knowledge of business entrepreneurship and financial concepts." www.bizworld.org

Responding to a few business emails and a few updates.
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You may have heard that the IRS has delayed the start of e-filing this year. They will begin accepting returns on January 31.

At TaxNFS.COM we are committed to make filing your taxes painless
We are a team of tax professionals who aim to provide a complete tax preparation service online at a competitive price. TaxNFS.com is owned by Veer Services, Inc.
At TaxNFS.com we value your service, we believe that simplicity with accuracy and security should be our number one priority. Therefore with our joint collaboration with Drake Software, a leader in making professional tax software since 1977. We are able to provide you with a tax application that is built around a simple set of carefully formulated questions, no tedious tax instructions to read, no complicated tax terms to decipher. We help you figure what deductions you are eligible to claim and which credit you qualify for in order to maximize your refund..
We securely filed millions of federal tax returns with the IRS. Each year, the website helps taxpayers save millions of dollars in tax preparation fees with free federal and low-cost state offers. Word-of-mouth promotion is the primary method of growth for the company. Returning users are not charged additional fees to roll-over prior year tax data. The pricing structure on TaxNFS is straightforward. There are no surprises or extra fees to finish a tax return. .
Each tax year, a team of tax analysts updates the software to the latest federal and state standards. The software incorporates new credits, deductions, and changes to the tax code. Once the software is updated, it goes through a rigorous testing and approval process with the IRS and each state. This ensures the software is ready for the new tax season.
Security is a top priority at TaxNFS.com. Information entered on the website is encrypted and transmitted securely using SSL encryption. Data is then stored in secure data centers and transmitted directly to the IRS when e-filed. To ensure customer data is private and secure, we uses the services of Truste, VeriSign, and Security Metrics.
Creating an account is always free on TaxNFS.com. Potential customers can access the software, see their expected federal refund, and contact customer support before filing. Customers only pay for services when they are ready to e-file or print their return.
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