Thursday, February 22, 2018

Blue Springs Income Tax and Financial Services


At Alliance Financial & Income Tax our Blue Springs Enrolled Agent's provide Income Tax and Financial services to individuals, families and small businesses in the metropolitan area. We provide personalized service for all of your financial needs. We have built our Blue Springs tax and financial services firm's reputation with our years of experience in handling both business and personal taxes in addition to financial services.
If you ever have a questions about the services we provide for your business, feel free to give us a call any time. Our Blue Springs Enrolled Agent team is here to help you fully understand the financial information and products that we provide.

Let our Enrolled Agents Help With IRS Problems

Are you struggling with tax issues in regards to the Internal Revenue Service? We can work with you and assist you in finding solutions for your particular problem. If you have received an audit notification, contact us today. We have the experience and qualifications to help you handle your situation.
Our Enrolled Agents offer guidance and services in many areas including the following:
  • Back taxes
  • IRS liens or levies
  • IRS wage garnishments
  • Personal property seizures
Some of the solutions our Enrolled Agents can provide include offers in compromise, payment plans, or bankruptcy advice. For offers in compromise we work with the IRS to reduce the debt. We can get you on a payment plan that you can afford and can help to avoid future penalties and interest.

Get the Help You Need from an Enrolled Agent

Being a successful tax and financial firm in the Kansas City area is more than just working with numbers. It’s providing the personalized financial services that the client deserves. We believe that Alliance Financial & Income Tax can meet your needs. Contact us today to start working on a plan that will work for you, your family, and your business.
We serve the Jackson County area including Blue Springs, Lee's Summit, Independence, Kansas City, Lone Jack, Oak Grove, Sugar Creek, River Bend, Greenwood, Grain Valley and all surrounding areas.

Sunday, February 18, 2018

Tax Professional vs Turbo Tax

Client and wife bring their turbo tax return in because the husband is concerned that their state refund was only $59, he was happy with the Fed. I looked over it and said “The state refund is right but your fed return is off by $2,500.00, you guys missed some credits.” I now have new clients, and my new clients now have more of their money back in their pockets.

Turbo Tax, costing American tax payers billions in lost refunds since 1993.

Grain Valley income tax professionals add value.   Give Alliance Financial & Income Tax a call today before you forfeit our hard earned money.

Tuesday, February 13, 2018

Need Help with Your Taxes in Blue Springs or Grain Valley?



Your Grain Valley tax preparation needs are as individual as you are.  Alliance Financial & Income Tax takes an active approach to our tax planning and tax preparation services, giving you the personalized guidance you need.  Today's tax laws are so complicated that filing taxes, no matter how simple, can quickly become confusing.
10 million tax payers missed out on a chance to receive a bigger refund last year simply because they neglected to fill out one line on their tax return.  Will you miss a similar opportunity this year?

Today's tax laws are increasingly complicated and the rules for deductions and credits change year by year.  Are you aware of all the deductions and credits that might be available to you this year, even on the most basic of tax returns?  Perhaps you feel secure in your do-it-yourself tax preparation software, but lets face it...There is not substitute for an experienced Enrolled Agent who can answer your questions and ask you the questions that might be key to saving you hundreds or even thousands in tax dollars. 

Tax Preparation in Blue Springs and Surrounding Area

Our Tax Preparation Services Include:


  • Assurance that your return has been checked and double-checked for mathematical accuracy and errors that are commonly flagged by the IRS, resulting in fewer chances for contact by the IRS.
  • Tips for better managing your payroll withholding so that you can have the advantage of greater income all year long, rather than loaning that money to the government and waiting for it to come back in the form of your yearly tax return.
  • A list of common deductions that may benefit you in the coming year, and tips for limiting your future tax liability.
  • Electronic filing for a quicker refund.
We  can help you get your paperwork organized with our tax preparation checklist of materials needed for individuals and small businesses.
If  you own a small business and haven't kept up your bookkeeping, don't worry; we can help.  We'll prepare your small business bookkeeping for the year, prepare your business tax return, as well as your personal income tax return.  Then we'll help you set up an easy system that allows you keep your books in great shape for next year.
If you'd like to receive more information about our Blue Springs Tax Preparation Services, please contact us today. If you are ready to schedule a time for us to visit you may schedule a time online that is convenient for you.  
 

Sunday, February 11, 2018

Car Donations and Your Taxes

 The Blue Springs tax preparation office of Alliance Financial & Income Tax reminds taxpayers that specific rules apply for taking a tax deduction for donating cars to charities. If the claimed value of the donated motor vehicle, boat or plane exceeds $500, you can deduct the smaller of the vehicle's FMV on the date of the contribution or the gross proceeds received from the sale of the vehicle.

People who want to take a deduction for the donation of their vehicle on their tax return should take quite a few steps, but here is the most obvious:
Check that the Organization is Qualified.
Taxpayers must make certain that they contribute their car to an eligible organization; otherwise, their donation will not be tax deductible. Taxpayers can search Exempt Organizations Select Check online tool to check that an organization is qualified. In addition, taxpayers can call IRS Tax Exempt/Government Entities Customer Service at 1-877-829-5500. Be sure to have the organization's correct name and its headquarters location, if possible. Churches, synagogues, temples, mosques and governments are not required to apply for this exemption in order to be qualified.  Please contact us if you're considering a car donation for your tax return!

Wednesday, February 7, 2018

Bonus Depreciation

  Bonus depreciation allows businesses to offset the costs of investing in equipment and other qualified assets more quickly. Claiming bonus depreciation on your 2017 tax return may be particularly beneficial. 

Why? Deductions save more tax when rates are higher, and most businesses’ tax rates will go down in 2018 under the Tax Cuts and Jobs Act. How much can you save? The break allows additional first-year depreciation of 50% or 100% for 2017, depending on when the asset was acquired and placed in service. 

Contact us for details.