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Letter "C" » Cindy Hockenberry Quotes
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«You'd be surprised: Many people think that if they throw their audit letter away it's gone. But it's not. The IRS isn't going to leave you alone. They'll keep at you until they get their audit.»
Author: Cindy Hockenberry
«It all comes down to whether you're defined as a trader or an investor. There's so much misinformation out there on the distinction, because the IRS hasn't really issued definitive guidelines on it.»
Author: Cindy Hockenberry
«If you know your itemized deductions will be more than the standard deduction, you can still just use the standard deduction to get an idea in your mind. This will give you the lowest estimate.»
Author: Cindy Hockenberry
«The IRS typically assumes you didn't itemize for one reason or another. They almost never notify you if you miss deductions but they will tell you if you miss income.»
Author: Cindy Hockenberry
«They need to make sure their payments are on track. There is nothing worse than realizing come April they have underpayment penalties.»
Author: Cindy Hockenberry
«Because the consumer did not have to pay the amount, it is income in the eyes of the IRS.»
Author: Cindy Hockenberry
«You don't know who's more competent than the next guy until you start asking questions.»
Author: Cindy Hockenberry
«I would suggest people start out by asking how long they've been in business, what their background is, and do they have a degree, which isn't required. Have they been in the area for a long time? Are they open all year? Do they stand behind their work?»
Author: Cindy Hockenberry
«Tax laws are constantly changing. There have been six major tax bills passed in the last two years alone. Average taxpayers are not likely to be aware of all the changes that may affect their tax return. A tax professional stays abreast of these changes, and, as a result, is in a better position to assist taxpayers with filing accurate returns and claiming all the deductions and credits to which they are entitled.»
Author: Cindy Hockenberry
«Now, instead of determining whether you provided half this person's support, the test is, did they provide over half of their own support.»
Author: Cindy Hockenberry
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