WSB Radio’s Ilyce Glink Show. Rebuilding American homeownership; expert advice for paying taxes and getting tax deductions from the IRS.

We are rebuilding American homeownership on WSB Radio’s Ilyce Glink Show, and today we will be talking about how to navigate this tax season and get every last deduction you are entitled to. I’ll provide this and other personal finance and real estate advice for homeowners on air at 11:00 a.m. EST.

Believe it or not, the IRS is actually open for business this year, and we want to clear up any tax-related confusion so you can meet the April 15 deadline.

Three tax experts will join us on air today, all of them enrolled agents and members of the Georgia Association of Enrolled Agents: Merry Brodie, Bill Nemeth and Chet Burgess.

Tax planning for 2012 has been complicated since the tax laws for 2012 were not changed until Jan. 2, 2013, making it difficult for enrolled agents to counsel taxpayers before this date.

Some taxpayers this year have also faced problems with the delayed programming of IRS computers—there are forms in the tax return that the IRS is not yet ready to process, but these forms should be accepted for filing by the end of today.

A lot of people were caught off guard by the filing delay for Form 8863, the Education Credits form, which was not accepted by the IRS until mid-February.

Everyone with a rental property has experienced a delay with Form 8582, the Passive Activity Loss Limitations form, while other forms not yet accepted by the IRS include Form 3800, the General Business Credit form.

Remember that if you were affected by Superstorm Sandy, you did receive an extension for estimated tax payments and payroll tax filings, among other things, and you have the option of claiming casualty loss on your 2012 tax return or through an amendment to your 2011 one.

Learn more about how to manage your taxes this season and how to make smart personal finance, real estate and consumer decisions by tuning in to today’s radio show. Just download this podcast on your mobile phone or audio player.

You can join the conversation about taxes by tweeting to me at @Glink or by leaving your comments below.

Contact information for our tax experts:
Merry Brodie, EA Partner at Tax Audit Guardian
Office number: 770-446-8545

Bill Nemeth, EA Partner at Tax Audit Guardian
Cell Number: 770-616-1638

Chet Burgess, EA Principle at Brookwood Tax Service

Ilyce Glink Show – March 3, 2013


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