 |
Please call us with your questions. If your not
sure we can assist you, just give us a quick call...It's FREE! If we can't
help you, we'll direct you to someone who can. 662-329-4444
Scott Perkins monitors the changes in the tax
law that affect you and recommends tax saving strategies. He will file
all of your tax returns and serve as your advocate in all tax matters.
If you are ever contacted by any government agency concerning your
tax information, your first call should be to US. We will deal with these
matters so you can get on with taking care of business.
"It
is our job to see that you pay no more tax
than the law requires."
BACK TO TOP
Splitting income
among family members or legal entities, moving the taxed income into lower
brackets.
Shifting income
from one year to another at a lower tax rate.
Shifting deductions
from one year to another for a greater tax benefit.
Deferring tax liability
through investments and pension plan contributions.
Structuring affairs
to qualify for deductions not thought of, like a vacation home.
Investments
producing income exempt from federal or state income tax or both.
BACK TO TOP
The Seasoned
Tax Preparer
|
| Today's
tax laws are very complicated. Unless your financial affairs are extremely
simple, chances are you will benefit greatly with at least occasional
help from a tax professional. It is easy to overlook deductions and
credits you are entitled to if you prepare only one return a year.
Even the best in computer software is no substitute for the assistance
of a professional in the world of taxes. |
|
| We prepare hundreds of tax returns
every year. We know what to look for and what not to look over. More
importantly, we are here for you year-round to answer questions and
provide continued assistance. Call us and we'll put you on our mailing
list. You'll receive timely tax and financial advice to keep you up
to date on what's new and what has changed in the tax law. |
 |
BACK TO TOP
What, Which
and How Long?
|
|
What to Keep
Tax records should be kept on a year-round
basis, not hastily assembled just for your annual tax appointment.
Without tax records, you can lose valuable deductions by forgetting
them on your tax return, or you may have unsubstantiated items disallowed
if you are audited. Generally, returns can be audited for up to
three years after filing. However, the IRS may audit for up to six
years if there is substantial unreported income.
|
How Long?
Just how long you should keep records is partly a matter of judgement
and a combination of state and federal statutes of limitations. Federal
tax returns can be audited for up to three years after filing (six
years if underreported income is involved). It is a good idea to keep
most records for six years after the return filing date.
|
|
There are some records worth keeping permanently, partly due to
long-term needs and partly because they take up very little room.
Consider permanently retaining a copy of each year's tax return.
Contracts, real estate buy or sale records, and records of property
improvements should be retained for seven years after the property
is sold.
Business Records
If you are a business owner, your record requirements are more extensive.
Please call us. We will be happy to assist you with a system of
record retention.
|
BACK TO TOP
Home | Services
| Taxes & Records
Business Help | Estates
& Gifts | Site Map
Copyright ©
All rights reserved
|
 |
|
Phone 662-329-4444
Fax 662-329-4433
Email loophole@skpcpa.com
Trustmark Financial Center
3600 Bluecutt Road
Second Floor, Box 5
Columbus, MS 39705-8632
|
Which Records
Are Important?
Those relating to . . .
Income
Expenses
(especially work related)
Home Improvements Sales & Refinances
Investment Purchases & Sales Info
Inherited Property Documents
Medical Expenses
Charitable Contributions
Interest & Taxes Paid
Non-Deductible IRA Contributions
|
|
|