posted Oct 2, 2011 3:35 PM by Back Office
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updated Oct 3, 2011 6:16 AM
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Tampa, FL, October 03, 2011 -- Today, Accounting Virtualization, LLC, a tax and accounting outsourcing provider using a variety of web based office tools, celebrates its fourth year anniversary with the launching of its redesigned website for 1040 Tax Mobile. The 1040 Tax Mobile division launched its first website in January 2008, and this will be its third website update and first time running and powered by the Google Sites platform. The new design allows for easier navigation, provides enhanced functionality, and encourages site visitors to explore the different tax services, bank product refund offerings, a resource center, and regular announcements. The website offers both a strong resource for current tax and accounting information, as well as an array of individual income tax preparation services. "We are very happy to celebrate our forth year anniversary with the launch of our new website for 1040 TAX MOBILE, complete with vast information on our tax services, industry information, and helpful links. 1040 Tax Mobile has undergone substantial changes and growth over the past few years and this new site reflects our desire to provide the best possible service to our clients in an easy to navigate format. Our new website will provide a better user experience for our visitors including visitors with mobile browsers," said Mr. Davila. "We are a progressive local business and we believe in the power of advanced technology for both ourselves and our clients. We are always looking for new ways to help our clients and our new website will support this objective," stated Mr. Edward J. Davila, Managing Director of Accounting Virtualization, LLC. The new site has clearer contact areas and improved general performance. From a functionality perspective, 1040 Tax Mobile website has also integrated powerful search engine optimization (SEO) techniques into the website in order to improve the site's rankings on popular search engines such as Google, Bing, and Yahoo. For more information on 1040 Tax Mobile's new website and/or tax preparation services, please contact 1040 Tax Mobile by phone at (877) 544-1040, or by email at info@1040TaxMobile.com. About Us:Founded in 2007 in Miami, Florida, 1040 Tax Mobile is owned and operated by Accounting Virtualization, LLC, which is now located and headquartered in Tampa, Florida. 1040 Tax Mobile offers individual income tax preparation services, electronic filing, and electronic refund checks and deposits. ### Contact InformationAccounting Virtualization, LLC Toll Free: 877-248-3092 Toll Free: 877-544-1040 Email: Info@AccountingVirtualization.comWebsite: www.AccountingVirtualization.comEmail: Info@1040TaxMobile.comWebsite: www.1040TaxMobile.com |
posted Oct 2, 2011 3:01 PM by Back Office
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updated Oct 3, 2011 6:16 AM
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The Internal Revenue Service today encouraged taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates. The IRS has noted an increase in tax-return-related scams, frequently involving unsuspecting taxpayers who normally do not have a filing requirement in the first place. These taxpayers are led to believe they should file a return with the IRS for tax credits, refunds or rebates for which they are not really entitled. Many of these recent scams have been targeted in the South and Midwest. Most paid tax return preparers provide honest and professional service, but there are some who engage in fraud and other illegal activities. Unscrupulous promoters deceive people into paying for advice on how to file false claims. Some promoters may charge unreasonable amounts for preparing legitimate returns that could have been prepared for free by the IRS or IRS sponsored Volunteer Income Tax Assistance partners. In other situations, identity theft is involved.
Taxpayers should be wary of any of the following:
- Fictitious claims for refunds or rebates based on excess or withheld Social Security benefits.
- Claims that Treasury Form 1080 can be used to transfer funds from the Social Security Administration to the IRS enabling a payout from the IRS.
- Unfamiliar for-profit tax services teaming up with local churches.
- Home-made flyers and brochures implying credits or refunds are available without proof of eligibility.
- Offers of free money with no documentation required.
- Promises of refunds for “Low Income – No Documents Tax Returns.”
- Claims for the expired Economic Recovery Credit Program or Recovery Rebate Credit.
- Advice on claiming the Earned Income Tax Credit based on exaggerated reports of self-employment income.
In some cases non-existent Social Security refunds or rebates have been the bait used by the con artists. In other situations, taxpayers deserve the tax credits they are promised but the preparer uses fictitious or inflated information on the return which results in a fraudulent return. Flyers and advertisements for free money from the IRS, suggesting that the taxpayer can file with little or no documentation, have been appearing in community churches around the country. Promoters are targeting church congregations, exploiting their good intentions and credibility. These schemes also often spread by word of mouth among unsuspecting and well-intentioned people telling their friends and relatives. Promoters of these scams often prey upon low income individuals and the elderly. They build false hopes and charge people good money for bad advice. In the end, the victims discover their claims are rejected or the refund barely exceeds what they paid the promoter. Meanwhile, their money and the promoters are long gone. Unsuspecting individuals are most likely to get caught up in scams and the IRS is warning all taxpayers, and those that help others prepare returns, to remain vigilant. If it sounds too good to be true, it probably is. Anyone with questions about a tax credit or program should visit www.IRS.gov, call the IRS toll-free number at 800-829-1040 or visit a local IRS Taxpayer Assistance Center. For questions about rebates, credit and benefits from other federal agencies contact the relevant agency directly for accurate information. If you need additional information, please call us toll-free at 1-877-544-1040 and we will be happy to assist you. It's easy! Remember... Trust a Professional. Trust 1040 Tax Mobile. |
posted Oct 2, 2011 2:57 PM by Back Office
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updated Oct 3, 2011 6:16 AM
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Parents need to be aware of the tax rules that affect their children’s investment income. Here are four facts from the IRS that will help parents determine whether their child’s investment income will be taxed at the parents’ rate or the child’s rate:
- Investment Income Children with investment income may have part or all of this income taxed at their parents’ tax rate rather than at the child’s rate. Investment income includes interest, dividends, capital gains and other unearned income.
- Age Requirement The child’s tax must be figured using the parents’ rates if the child has investment income of more than $1,900 and meets one of three age requirements for 2010:
- Was under age 18 at the end of the year,
- Was age 18 at the end of the year and did not have earned income that was more than half of his or her support, or
- Was a full-time student over age 18 and under age 24 at the end of the year and did not have earned income that was more than half of his or her support.
- Form 8615 To figure the child's tax using the parents’ rate for the child’s return, fill out Form 8615, Tax for Certain Children Who Have Investment Income of More Than $1,900, and attach it to the child's federal income tax return.
- Form 8814 When certain conditions are met, a parent may be able to avoid having to file a tax return for the child by including the child’s income on the parent’s tax return. In this situation, the parent would file Form 8814, Parents' Election To Report Child's Interest and Dividends.
If you need additional information, please call us toll-free at 1-877-544-1040 and we will be happy to assist you. It's easy! Remember... Trust a Professional. Trust 1040 Tax Mobile. |
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