Terry Smith - The Tax Pro

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Archive for October, 2009

The 6 BIGGEST Mistakes Regular Taxpayers Make During Tax Season!

Sunday, October 4th, 2009

Did you know that the federal government (happily) holds on to hundreds of millions of dollars in unclaimed refunds every year? As a tax professional, it truly breaks my heart, knowing that just a few thousand, or even a few hundred bucks for us “regular guys” out of that vast pool of overcharging could make a world of difference…and they are just sitting there, unclaimed!

On Nov ember 14, 2007 the IRS admitted it had $110 million in unclaimed refunds. (more…)

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California Businesses now required to register with BOE.

Sunday, October 4th, 2009

Background The California legislature recently enacted a new law that requires certain California businesses that do not currently hold a sellers permit to now register with the State Board of Equalization (BOE), and to report and pay by April 15, 2010, any use tax due from (more…)

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