Do you really want a big refund?

Do you really want a big refund? Some taxpayers always want a big refund and want to know how other people get big refunds.  The standard answer from tax preparers is to withhold more.  The more you have withheld, as a general rule, the larger your refund.   This is not withstanding refundable credits. Just remember,…

Learn how to get money for your car lease

CT residents and tax on leased cars For Connecticut residents who lease their cars, if the leasing company breaks out the vehicle property tax on your bill you can use that as property tax on your Connecticut return (page 4).   You cannot claim this property tax on your Federal return because you do not own…

Tax Return ATaxCenterLLC

Misplaced SSA-1099 or SSA-1042S?

Two quick items: If you’ve misplaced your SSA-1099 or SSA-1042S before getting your taxes done, you can now go to http://www.socialsecurity.gov/myaccount/, create an account, and print a replacement form. The IRS has released a new version of its app: IRS2Go.  It is available in English or Spanish and will allow you to check your refund…

Do you receive 1099-MISC forms?

Do you receive 1099-MISC forms? If you are self-employed or own a small business you usually receive 1099-MISC forms instead of W2s. For as long as we’ve been doing taxes we’ve been seeing 1099-MISC forms issued with the company name and the owner’s social, or vice versa.   Beginning last year, we saw a tremendous amount…

CT Specific Fraud Alert

CT Specific Fraud Alert – if you haven’t heard, Anthem Inc., a very large insurance company, had its data breached.  Due to this breach Kevin Sullivan, Connecticut’s Department of Revenue Services Commissioner, issued a Media Alert to advise our state’s residents who are expecting federal or state income tax refunds to file their tax returns…