JK Harris Uses Online Tool to Help Represent Clients before IRS
JK Harris, the nation's largest tax resolution company, can now retrieve crucial client information in a matter of minutes thanks to a new online tool provided by the Internal Revenue Service.The Transcript Delivery System (TDS) is the latest in a series of e-services that are revolutionizing how tax practitioners work with the IRS on behalf of their clients.
Before this new service was available, getting the information so critical in helping JK Harris and Company represent its clients could take days, weeks, and sometimes, months."We are pleased to announce that we have satisfied requirements with the IRS so that we will be able to continue to more effectively advocate for our clients," said JK Harris and Company CEO and President John Harris.
"The TDS allows us to help our customers quicker than ever before."JK Harris uses the new electronic tool to order tax account and tax return transcripts and other tax information for their business and individual clients.
The documents are then returned to JKH's computer through a secure online connection within minutes. Enrolled Agents for JK Harris use transcripts, also known as Master File Information, when representing clients before the IRS.
In many cases, transcripts are used instead of making copies of tax returns.Other e-services the IRS has developed for tax practitioners are the Disclosure Authorization and Electronic Account Resolution tools, both released in July."TDS is a great tool to help us deliver solutions to our customers, quickly and efficiently," Harris said.
"Our Professionals (Enrolled Agents, Certified Public Accountants, and Attorneys) are excited about the ease and efficiency of the TDS."The TDS is the final product in a line of e-services developed through the IRS' Business Systems Modernization program.JK Harris & Company, LLC (www.jkharris.com), based in North Charleston, S.C., is the nation's largest tax resolution company with over 470 satellite offices in 45 states and has serviced over 120,000 clients since its founding in 1997 by John Harris. JK Harris also provides services for consumer and commercial debt, student loan debt, investment fraud, financial planning, mortgage services, tax return preparation, and assisting individuals who require support for an IRS audit..
Feeling FICA
What does FICA stand for?
FICA stands for the Federal Insurance Contributions Act.
The history of the act reverts back to the year 1935, when the government implemented the social security program.
A provision to include social security taxes was included in this act.
However, due to concerns over the constitutionality of the 1935 act, there were amendments made and the provision for collecting social security taxes was moved to the Internal Revenue Code in 1939.
At this time it was renamed the Federal Insurance Contributions Act.
What is
FICA exactly?
The Federal Insurance Contributions Act authorizes the IRS to collect taxes for the benefit of the social security program.
Intuitively, we might think of these taxes as social security taxes, but more commonly they are referred to as FICA...
Tax help > Feeling FICA
E-training Is Made Easy When Experts Converge For Online Webinar Focusing On Inspiring And Educating New Online Business Owners
Web Page One's popular Webinar is gaining steam with a stellar line up of business experts. Featured guests for the monthly event include Janet Legere of the Contact List Builder; Suzette Flemming of Flemming Business Services; and Stuart Mordfin, CPA of Mordfin LLP, who will discuss the state of the online business networking and financial and tax trends. Also scheduled to speak are published author Linda Alexander of i am america; IT professional Michelle Johnston Sollicito of exceptiona.com; network marketers Rebecca White and Michaele McMillan of the Perfect Image; and visionary Nancy Johnson of the Small Business Referral Network.The all-day Webinars will commence on Wednesday, March 23rd, 10:00 a.m. Eastern Standard Time. Each workshop concludes with an opportunity for guests to interact with the presenter through a question and answer period.
All participants this month receive a free copy of "Record Keeping for Non-Accountants" courtesy of Stuart Mordfin, CPA. E-books...
E-training Is Made Easy When Experts Converge For Online Webinar Focusing On Inspiring And Educating New Online Business Owners
Tax help > E-training Is Made Easy When Experts Converge For Online Webinar Focusing On Inspiring And Educating New Online Business Owners
Free Compliance Check Up for SEP Plans
Small business owners are encouraged to periodically conduct a compliance check up of their retirement plans.
To maintain their tax advantage status retirement plans must continue to pass certain qualifying requirements.
Lamaute Capital, Inc., an investment brokerage firm in Virginia, has placed on its website www.InvestSafe.com/news.html resource access to help the small business owner determine whether his SEP retirement plan is compliant or not, and how to fix any problems. The SEP plan, also known as a SEP-IRA, is one of the most popular retirement plans used by self employed sole proprietors.
InvestSafe.com also provides information about some of the newer retirement plans for small business owners such as the self-employed 401(k) plan..
Tax help > Free Compliance Check Up for SEP Plans