Por Jenny N. de Ribeiro & Brickell Accountants When grammatical or mathematical errors appear on a tax return, they can delay the review process and create unnecessary frustration for taxpayers. However, most of these common mistakes can be easily avoided by carefully reviewing the return before submitting it. Below are some of the most frequent errors taxpayers make: 1. Incorrect Filing StatusIf you are unsure about your filing status, the Interactive Tax Assistant on IRS.gov can help guide you in selecting the correct one—especially if more than one option may apply. Using tax software, such as IRS Free File, can…
Autor: Jenny N. de Ribeiro
Jenny N. de Ribeiro
Jenny N. de Ribeiro is a Certified Public Accountant with over 20 years of experience in general accounting, internal controls, and the preparation of financial statements for tax reporting purposes. Holding a Master’s degree in Tax Management, she stays current with the latest tax trends and provides strategic solutions to optimize tax burdens. She has worked with companies across various industries, focusing on proactive tax planning to reduce risks and maximize savings. Her expertise in internal controls ensures accuracy and transparency in accounting processes, while her proficiency in financial statement preparation guarantees regulatory compliance. Her objective is to help businesses make informed decisions and manage their taxes efficiently with a long-term perspective.
Por Jenny N. de Ribeiro & Brickell Accountants When you receive a letter from the IRS, the first thing you should do is read it carefully. Although these letters are often not a cause for concern, it is important to understand their content and take the actions indicated within the specified deadlines. IRS notices are usually related to issues such as changes to your tax return, outstanding balances, refunds, or requests for additional information. If the notice indicates that there was a change to your return, compare it with the original information you filed. The IRS will always explain the…
Por Jenny N. de Ribeiro & Brickell Accountants Form W-2 is an official document that employers must provide to their employees before January 31 of each year. This form reports annual income, federal and state tax withholdings, and contributions to Social Security and Medicare (FICA) from the previous year. Only employees receive this form, and it is essential for preparing a tax return, as it summarizes all withholdings made by the employer throughout the year. When you work as a W-2 employee, your employer handles tax withholdings before the money reaches your account. This includes federal taxes, state taxes (if…
Por Jenny N. de Ribeiro & Brickell Accountants When starting a business, it’s common for entrepreneurs not to seek out an accountant right away. In the beginning, the focus is on the creative and operational side: the product, the service, marketing, and customers. Financial management is often pushed to the background, or even seen as an unnecessary expense. Many prefer to handle finances on their own to save money, underestimating the legal and tax complexities that an accountant can manage—issues that could prevent future problems. An accountant is not just a tax preparer; they are your strategic partner for making…