Why it is important to use a professional

The IRS is changing so that paid preparers are regulated and tested. Enrolled Agents have been the only certification issued by the IRS/Treasury department since the Civil War. Starting in 2011 if you go to a paid preparer they will have to be on file with the IRS and have passed one of two tests and take continuing education.

It is then not too surprising that IRS Commissioner Douglas Shulman doesn’t prepare his own returns. While interviewed on C-SPAN last Sunday Mr. Shulman said, “I've used one for years. I find it convenient. I find the tax code complex so I use a preparer," (C-SPAN Video Link)

The point is that if an IRS Commissioner can’t keep up with changes what chance do you have? Typically the software you can buy will cost between $49 & $69 for e-filing a Federal and State Return. Although you can use these effectively, it can take 2 hours to complete the Q&A portion of the program. Beginning at $75 you can hire one of our professionals to compete your return in as little as 30 min.

The great part is that if there is a problem or letter in October we are still here. You can’t ask the box for answers on letters from the IRS.

Call today and refer a friend to us today. 515.285.5544

Accountant on-call program

Army Post Accounting
1600 SW Army Post Rd.
Des Moines, IA 50315

Professional’s phone: 515.285.5544

Professional’s e-mail: chris@1600armypost.com


Army Post Accounting announces new “Accountant on-call” service for small businesses


Chris Mendelsohn President of Army Post Accounting, located at 1600 SW Army Post Rd., announced that with a lot of businesses needing help with their accounting, but may not have the resources to pay for a monthly bookkeeper; there is a need for a service that is inexpensive and a way to avoid problems with the IRS down the road.

For the yearly fee of $250.00, which can be paid in 10 monthly payments of $25.00 or a one-time discounted payment of $225.00, you get a lot of value.

“Accountant on-call” Includes:

24 questions per year. (24 hour turnaround time on answers)
Your 2009 or 2010 Personal tax return free with full payment.
Unlimited Notary Services.
Discounted bookkeeping fees.
$50.00 for a Computer Cleaning & Windows update.
Other discounted fee based services also available.
Weekend availability for member’s questions.

To set your appointment please call Army Post Accounting at 515-285-5544
http://www.1600armypost.com/

Eliminate Taxes in Bankruptcy?

There are a lot of complex rules that allow for discharging of taxes owed to the IRS here are some of them:

• Bankruptcy 3 years after tax return due date or
• 2 years after late return is filed (whichever is longer)
• Over 240 days after audit is final:
• Any appeal extends time
• Offer and Compromise extends time
• Must have filed return (no substitute returns)
• Can only bankrupt against income and non-trust fund portion of employment tax.
• Employee portions & Sales tax can not be discharged.

Asset (ch. 13) vs. No-Asset (ch. 7) filings

Chapter 7 (No-Asset)

• Not enough equity & cash flow to pay debt.
• Limited to $800 cash, $1K Auto & $5K Home

Chapter 13 (Assets and/or Cash)

• Assets not lost but debt is reorganized and Interest lowered. IRS stops interest and penalties.
• Limited to 60 months pay back on "excess" cash flow or assets.

Seek the advice of a lawyer for any decisions are made.