Quality Tax Preparation
IRS Representation
Tax Planning


Member, National Association of Enrolled Agents

 

3951 North Bend Rd

Cincinnati, OH 45211


Ph: 513-481-1TAX (1829)

Fax: 513-481-6444

EMAIL:

scott@1taxcincinnati.com

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Welcome to 1TAX, conveniently located just off I-74 in northwest Cincinnati.  Our specialties include quality tax preparation and IRS representation before Exam, Collections, and Appeals. 

Bulletins

1/23/17 - Tax Season Starts - we will be taking appointments on Monday, Tuesday, Wednesday and Friday from 11-6:30.  On Saturday, appointments are from 11-5.  We will be taking Sunday appointments in the month of February.

1/19/16 - Tax Season Starts - we will be taking appointments on Monday, Tuesday, Wednesday and Friday from 11-6:30.  On Saturday, appointments are from 11-5.  We will be taking Sunday appointments in the month of February.

3/21/15 - Taxpayers Receiving Identity Verification Letter should use IDVerify.irs.gov

The Internal Revenue Service today reminded taxpayers who receive requests from the IRS to verify their identities that the Identity Verification Service website, idverify.irs.gov, offers the fastest, easiest way to complete the task.

Taxpayers may receive a letter when the IRS stops suspicious tax returns that have indications of being identity theft but contains a real taxpayer’s name and/or Social Security number. Only those taxpayers receiving Letter 5071C should access idverify.irs.gov.

The website will ask a series of questions that only the real taxpayer can answer.

Once the identity is verified, the taxpayers can confirm whether or not they filed the return in question. If they did not file the return, the IRS can take steps at that time to assist them. If they did file the return, it will take approximately six weeks to process it and issue a refund.

Letter 5071C is mailed through the U.S. Postal Service to the address on the return. It asks taxpayers to verify their identities in order for the IRS to complete processing of the returns if the taxpayers did file it or reject the returns if the taxpayers did not file it. The IRS does not request such information via email, nor will the IRS call a taxpayer directly to ask this information without you receiving a letter first. The letter number can be found in the upper corner of the page.


The letter gives taxpayers two options to contact the IRS and confirm whether or not they filed the return. Taxpayers may use the idverify.irs.gov site or call a toll-free number on the letter. Because of the high-volume on the toll-free numbers, the IRS-sponsored website, idverify.irs.gov, is the safest, fastest option for taxpayers with web access.

Taxpayers should have available their prior year tax return and their current year tax return, if they filed one, including supporting documents, such as Forms W-2 and 1099 and Schedules A and C. 


Taxpayers also may access idverify.irs.gov through www.IRS.gov by going to Understanding Your 5071C Letter or the Understanding Your IRS Notice or Letter page. The tool is also available in Spanish. Taxpayers should always be aware of tax scams, efforts to solicit personally identifiable information and IRS impersonations. However, idverify.irs.gov is a secure, IRS-supported site that allows taxpayers to verify their identities quickly and safely.

IRS.gov is the official IRS website. Always look for a URL ending with “.gov” – not “.com,” “.org,” “.net,” or other nongovernmental URLs.


2/12/15 - Scams -The IRS always initiates contact either by mail or in person. (If it's in person, be VERY afraid!) The IRS will never initiate contact by phone or e-mail. The only time that the IRS will ever call you is if you have an open matter with them and you have given the auditor or agent handling the matter your phone number and granted them permission to call you.


A call from a "private number" is always a scam. The IRS does not block caller ID on outgoing calls, but as caller ID is very easy to fake, don't put any faith in it. The IRS will never threaten you with a lawsuit, arrest, etc.


 
12/20/13 - Inflation Adjusted Amounts - The amounts your can take for mileage, IRAs, pensions, Social Security and Health Savings are found in the "Newsletters and Documents" page of this website.
 

9/4/13 - IRS Will Forward Message to Missing Person for a "Humane Purpose - if there is no other way to contact a person and the message is for a "humane purpose" (e.g., notifying of relative death, fund available from sources such as inheritances), the IRS will forward a message.  You must have the person's SSN.  Please read Revenue Procedure 2012-35 on the IRS website www.irs.gov for more information.

9/1/13 - Mileage, Mileage, MILEAGE Documentation! - for many of you, your mileage is one of the largest deductions on your tax return. The IRS and Congress have made it very clear that there will be no mileage deduction without proper documentation. Your daily mileage log should contain 1) miles traveled, and 2) locations.  In addition, your log must be supported by other evidence such as customer invoices, estimates, bank deposits, post office receipt, and other corroborating evidence.  Note - it is not necessary to have this for every trip.  If you are behind in documenting your mileage, please catch this up right away! The daily mileage spreadsheet can be found under the Newsletter and Documents link to the left.

9/1/13 - Cell Phone Mileage Tracking - if you use Mileage Tracker, Milebug, or other smart phone mileage apps, please export your logs regularly to your email account and annotate where you traveled. Another recent Tax Court ruling disallowed mileage because the proper reports were not generated showing location. If your mileage tracking app does not support export to your email account, please upgrade it right away!

9/1 - Now Is The Time To Refinance! - with mortgage rates at historic lows, now is the time to refinance your home! The very best deals are 15 year fixed mortgages which are running at less than 3% and 30 year fixed below 4%!  Note - in order to avoid PMI, your mortgage must be less than 80% of value.  If you are close to this amount, consider paying the mortgage down in order to avoid expensive PMI.  Also, beware of outrageous closing costs.  Several mortgage companies are offering extremely low closing costs (Union Savings and Guardian Savings for example) which make refinancing a no-brainer Remember, the goal is to have your home paid in full by the time you retire.  If you need assistance in determining what you should do, please call me.

8/31 - More Annoying IRS Notices When The Secondary Borrower Claims Mortgage Interest - spouses or domestic partners claiming mortgage interest may receive an IRS notice. If you do, first of all do not panic! If the form 1098 has both mortgagees listed, simply send a copy to the IRS with page 5 of the notice.  If the 1098 only has the primary mortgage holder (Union Savings, Guardian Savings, and Bank of America are among those who list only the primary), please request a letter from the mortgage company with the loan account number, a list of all of the mortgagees, the original date of the mortgage, and the amount of interest paid.  Please send this with page 5 of the notice to the IRS.  Responses generally take three to six months, so please be patient with the IRS. If you need assistance, please call me.


8/22 - City Notices for Additional Forms - with the conversion to MEF (Modernized E-Filing), many cities who accepted electronic returns did not receive all of the information needed to process your tax return.  Cincinnati in particular experienced these issues.  If you receive a notice requesting W-2s, forms, or schedules, please make copies of the items requested and send to the city.  Some cities like Middletown, Monroe, Norwood, Mariement, and Forest Park want to see your federal tax return and schedules.  If you need assistance with any city notice, please call me.

8/15 - Statement Required for Cash Contributions of More Than $250 To A Single Organization - an appalling recent Tax Court decision disallowed a church contribution because the required statement from the church was dated after the due date of the tax return!  For any monetary contributions to a single organization of more than $250 per year (your church, for instance), you must secure the required statement from the organization containing the contribution amounts, and that no goods or services were provided in exchange for the contribution. Many churches are staffed by volunteers who many not understand the rules.  Please ask them to reference IRS Publication 526, page 18 for the proper language of the statement.

8/15 - Important Documentation Info for Non-Cash Contributions - please prepare a separate worksheet for each donation.  Make sure you fill in the cost column as well as the fair market value.  A recent Tax Court case underscores the importance of preparing the proper documentation before the due date of the tax return! You can find the Non-Cash Contributions spreadsheet or PDF file by clicking on the Newsletters and Documents link to the left on this page.