Tax Return

Tax Return

What do I need to start the process of preparing my tax return?

What do I need to start the process of preparing my tax return?

What are the options to prepare my tax return?

What are the options to prepare my tax return?

What papers do I need to prepare my tax return?

What papers do I need to prepare my tax return?

How should I organize my paperwork for filing my tax return?

How should I organize my paperwork for filing my tax return?

What should I do if I don't understand the tax return terminology?

What should I do if I don't understand the tax return terminology?

What should I do first to start filing my taxes?

What should I do first to start filing my taxes?

How long should I keep my tax return paperwork for?

How long should I keep my tax return paperwork for?

Tax Return

Tax Return

What different tax return filing statuses are there?

What different tax return filing statuses are there?

What are dependents and how do I claim them on my tax return?

What are dependents and how do I claim them on my tax return?

How and When to Use a W-2 Form

How and When to Use a W-2 Form

How and When to Use a 1099 Form

How and When to Use a 1099 Form

What makes me self-employed?

What makes me self-employed?

What is capital gain?

What is capital gain?

What deduction options do I have when filing a tax return?

What deduction options do I have when filing a tax return?

Do I have any credits against my tax?

Do I have any credits against my tax?

What does it mean to be audited?

What does it mean to be audited?

Top Audit Survival Tips

Top Audit Survival Tips

Investment For Beginners

Investment For Beginners

Investment Planning

Investment Planning

Best Investment Options

Best Investment Options

Investment Strategies

Investment Strategies

Investment Management

Investment Management

Federal Estate Tax And You

Federal Estate Tax And You

Estate Planning Basics

Estate Planning Basics

Estate Planning Basics - Probate

Estate Planning Basics - Probate

Estate Planning Basics - Taxes

Estate Planning Basics - Taxes

Estate Planning Basics - Family Circumstances

Estate Planning Basics - Family Circumstances

Estate Planning Basics - Revocable Living Trust

Estate Planning Basics - Revocable Living Trust

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Art Auerbach

Tax Director, Goodman & Company, LLP

http://www.goodmanco.com/  

Serving clients since 1932, Goodman & Company brings 75 years of knowledge and experience to the demands of today's ever-changing business environment. Throughout the past 75 years, we've never strayed from our mission-to provide each client with personal, high-quality service using the most up-to-date technology and resources.

What should I do if I don't understand the tax return terminology?

Tax Director Art Auerbach discusses what to do if you don’t understand the tax return terminology.

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Host: What should I do if I don't understand the tax return terminology?

Aurthur Auerbach: If you don't understand tax return terminology there are a couple of places that you can go to get help. There is, I referenced in the introduction, there are some programs on the web, there is a website called <a>www.el.com</a>. If you then put in \e-links\taxes you will get everything on the web dealing with taxes. One of the items that's going to come up on their site is something called a glossary. So that's a tax glossary and that basically is the question that was just asked.

How do I get this? So if you put in the word, it's alphabetical, you just go to that word, you will get an explanation in tax language what that word really means. If you want some help, you can also go to the Internal Revenues Website. Now when you get to IRS's website, on the left hand side there is something that says Forms and Publications. If you click on that, in the middle of the screen the first item that's going to come up are forms, the next one are publications. The most important one here is the one called Topical index. If you click on Topical index you will get the letters of the alphabet, you take the word that you want to explain, you click on that word, you will not only get the IRS Publication that explains it, you will get your definition explained, but you will also get a reference to the tax form that is supposed to go on.

So all of the items are there, they are all available on the web and of course, the last one most state CPA societies here in Virginia, the district of Columbia, Maryland, New York all of them have volunteer tax professionals who are available and you can either submit your question electronically or by phone and get a response.

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