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Online & Birmingham, AL, United States
MOORE’S SERVICES, LLC is a full service Tax Preparation Company that provides year-round services. We specialize in both individual and business taxes. We also offer Notary Public Services. Come in and see us today.

Tuesday, December 12, 2017

Rated As Top Three Tax Service

Thank you again!!!!!!!!

MOORE'S SERVICES, LLC has been handpicked as Top 3 Tax Service In Birmingham, Alabama by Three Best Rated.com. Visit https://threebestrated.com/tax-services-in-birmingham-al  to view our listing. We owe it all to you #Alabama


For more info visit Birmingham, Alabama's #1 Income Tax Service at

MOORE'S SERVICES, LLC
2160 Green Springs Hwy Suite E.
Birmingham, AL 35205
Phone (205)324-8753






Monday, December 11, 2017

Ranked As A Top 20 Income Tax Preparation Company

We would like to thank all of Alabama for allowing us to serve you. 

Our goal has always been to make our clients our number one priority and to provide them with the highest level of customer service while filing accurate tax returns. 

Once again we have been recognized on a national level and it’s all because of you. 
With all of the national exposure we remain humble and put you first. 

MOORE’S SERVICES, LLC has been ranked as a Top 20 Income Tax Preparation Company in the state of Alabama by www.expertise.com and we owe it all to you. Thanks to each and everyone of you for your continued support and we look forward to seeing you in 2018. 

View our listing at https://www.expertise.com/al/birmingham/tax-services-cpa#provider8




For more info visit Birmingham, Alabama's #1 Income Tax Service at

MOORE'S SERVICES, LLC
2160 Green Springs Hwy Suite E.
Birmingham, AL 35205
Phone (205)324-8753


MOORE'S SERVICES, LLC has an A+ rating with the Better Business Bureau
For more info visit https://www.bbb.org/csal/business-reviews/accountants/moores-services-in-birmingham-al-90013068




For more info visit Birmingham, Alabama's #1 Income Tax Service at
www.mooresservicesonline.com

MOORE'S SERVICES, LLC
2160 Green Springs Hwy Suite E.
Birmingham, AL 35205
Phone (205)324-8753
Email: mooresservices1@gmail.com






Friday, August 11, 2017

Five Tax Tips when starting a business



1. Business Structure.  An early choice to make is to decide on the type of structure for the business. The most common types are sole proprietor, partnership and corporation. The type of business chosen will determine which tax forms to file.
2. Business Taxes. There are four general types of business taxes. They are income tax, self-employment tax, employment tax and excise tax. In most cases, the types of tax a business pays depends on the type of business structure set up. Taxpayers may need to make estimated tax payments. If so, use IRS Direct Pay to make them. It’s the fast, easy and secure way to pay from a checking or savings account.
3. Employer Identification Number (EIN).  Generally, businesses may need to get an EIN for federal tax purposes. Search “EIN” on IRS.gov to find out if the number is necessary. If needed, it’s easy to apply for it online.
4. Accounting Method.  An accounting method is a set of rules used to determine when to report income and expenses. Taxpayers must use a consistent method. The two most common are the cash and accrual methods:
a. Under the cash method, taxpayers normally report income and deduct expenses in the year that they receive or pay them.
b. Under the accrual method, taxpayers generally report income and deduct expenses in the year that they earn or incur them. This is true even if they get the income or pay the expense in a later year.


For more info visit www.mooresservicesonline.com

MOORES'S SERVICES, LLC 
2160 Green Springs Hwy Suite E.
Birmingham, Al  35205

Phone: 205-324-8753
Email: mooresservices1@gmail.com

Tuesday, March 14, 2017

Electronic Payment/Payment Agreement Options Available to Those Who Owe Taxes

The Internal Revenue Service today reminded taxpayers that it’s easier than ever to pay taxes electronically. For those unable to pay on time, several quick and easy solutions are available.
This is the seventh in a series of 10 IRS tips called the Tax Time Guide. Taxpayers can use these tips to find solutions to common tax issues as the April 18 tax deadline approaches.
Taxpayers who owe taxes can now choose among several quick and easy electronic payment options, including the following:
  • Electronic Funds Withdrawal allows taxpayers to e-file and pay from their bank account when using tax preparation software or a tax professional. EFW is only available when electronically filing a tax return.
  • Direct Pay. Available at IRS.gov/directpay, this free online tool allows taxpayers to securely pay their taxes directly from checking or savings accounts without any fees or preregistration. Taxpayers can schedule payments up to 30 days in advance. Those using the tool will receive instant confirmation when they submit their payment.
  • Credit or Debit Card. Taxpayers can pay online, by phone or with their mobile device through any of the authorized debit and credit card processors. The processor charges a fee. The IRS doesn’t receive or charge any fees for payments made with a debit or credit card. Go to https://www.irs.gov/payments for authorized card processors and phone numbers.
  • IRS2Go. The IRS2Go mobile app is free and offers taxpayers the option to make a payment with Direct Pay for free or by debit or credit card through an approved payment processor for a fee. Download IRS2Go free from Google Play, the Apple App Store or the Amazon App Store.
  • Electronic Federal Tax Payment System. This free service gives taxpayers a safe and convenient way to pay individual and business taxes by phone or online. To enroll or for more information, call 800-555-4477, or visit eftps.gov.
  • Cash. Taxpayers paying with cash can use the PayNearMe option. Payments are limited to $1,000 per day, and a $3.99 fee applies to each payment. The IRS urges taxpayers choosing this option to start early, because PayNearMe involves a four-step process. Initiating a payment well ahead of the tax deadline will help taxpayers avoid interest and penalty charges. The IRS offers this option in cooperation with OfficialPayments.com/fed and participating 7-Eleven stores in 34 states. Details, including answers to frequently asked questions, are at IRS.gov/paywithcash.    
Taxpayers can electronically request an extension of time to file. An extension of time to file is not an extension to pay. Taxes are still due by the original due date. Taxpayers can get an automatic extension when making a payment with Direct Pay, Electronic Federal Tax Payment System or by debit or credit card. Select “Form 4868” as the payment type to receive the automatic extension.
Taxpayers who choose to pay by check or money order should make the payment out to the “United States Treasury.” To help ensure that the payment gets credited promptly, also enclose a Form 1040-V payment voucher. Also, print on the front of the check or money order: “2016 Form 1040”; name; address; daytime phone number; and Social Security number.

Taxpayers can view their federal tax account balances online. It’s safe, secure and available on the "Finding out How Much You Owe" page on IRS.gov. They can also access payment options or apply for an installment agreement on this page. The IRS advises taxpayers to file either an income tax return or a request for a tax-filing extension by this year’s April 18 deadline to avoid late-filing penalties. This penalty can be ten times as costly as the penalty for paying late.
Taxpayers who owe, but can’t pay the balance in full, do have options. Often they qualify for one of several relief programs, including:
  • Payment Plans, Installment Agreements -- Most people can set up a payment plan with the IRS online in a matter of minutes. Those who owe $50,000 or less in combined tax, penalties and interest can use the Online Payment Agreement application to set up a short-term payment plan of 120-days or less, or a monthly payment agreement for up to 72 months. With the Online Payment Agreement, no paperwork is required, there is no need to call, write or visit the IRS and qualified taxpayers can avoid the IRS filing a Notice of Federal Tax Lien unless it previously filed one. Alternatively, taxpayers can request a payment agreement by filing Form 9465. This form can be downloaded from IRS.gov and mailed along with a tax return, IRS bill or notice.
  • Offer In Compromise -- Some struggling taxpayers may qualify for an offer-in-compromise. This is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed. The IRS looks at the taxpayer’s income and assets to make a determination on their ability to pay. To help determine eligibility, use the Offer in Compromise Pre-Qualifier, a free online tool available on IRS.gov.

Deceased Taxpayers – Filing the Estate Income Tax Return

There are two kinds of taxes owed by an estate: One on the transfer of assets from the decedent to their beneficiaries and heirs (the estate tax), and another on income generated by assets of the decedent’s estate (the income tax). This page contains basic information to help you understand when an estate is required to file an income tax return.

When someone dies, their assets become property of their estate. Any income those assets generate is also part of the estate and may trigger the requirement to file an estate income tax return. Examples of assets that would generate income to the decedent’s estate include savings accounts, CDs, stocks, bonds, mutual funds and rental property. IRS Form 1041, U.S. Income Tax Return for Estates and Trusts, is required if the estate generates more than $600 in annual gross income.

The decedent and their estate are separate taxable entities. Before filing Form 1041, you will need to obtain a tax ID number for the estate. An estate’s tax ID number is called an “employer identification number,” or EIN, and comes in the format 12-345678X. You can apply online for this number. You can also apply by FAX or mail; see How to Apply for an EIN.

Filing the Final Return(s) of a Deceased Person

In general, the final individual income tax return of a decedent is prepared and filed in the same manner as when they were alive. All income up to the date of death must be reported and all credits and deductions to which the decedent is entitled may be claimed. File the return using Form 1040 or, if the decedent qualifies, one of the simpler forms in the 1040 series (Forms 1040-A or 1040-EZ). More information is available in the Form 1040 Instructions, in Publication 17, Your Federal Income Tax, and in IRS Publication 559, Survivors, Executors and Administrators.
If the decedent has not done so, you may also have to file individual income tax returns for years preceding the year of death. From IRS correspondence you find in their personal records, you may learn that the decedent has not filed required returns. You may also obtain verification of non-filing and certain income documents of the decedent from the IRS using IRS Form 4506-T, Request for Transcript of Tax Return. Before you submit any information request to the IRS, see Getting Information from the IRS.

If tax is due on the decedent’s individual income tax return for the year of death, or on any returns you file for preceding years, submit payment with the return or see Make a Payment for other payment options, including payment by debit card, credit card or electronic funds transfer. If you can't pay the amount due immediately, you may qualify for a payment plan or installment agreement.
If the decedent is due a refund of any individual income tax (Form 1040), you may claim that refund using IRS Form 1310, Statement of a Person Claiming Refund Due a Deceased Taxpayer