IRS Takes Action to Ensure Accurate Tax Preparation by Preparers

The IRS has been sending out letters to income tax preparers for the past few years reminding them of their obligation to prepare accurate tax returns on behalf of their clients. During the month of November, the IRS started sending out letters to more than 21,000 tax preparers across the country. The reason for these letters is because the returns prepared during the past tax season have shown a high percentage of inaccuracies and misinterpretations of the tax law. The agency will be focusing on preparers who prepared a large number of individual returns with Schedules A (Itemized Deductions), C (Profit or Loss from a Business), and E (Supplemental Income or Loss) during the past filing season.

The letter contains an enclosed documents related to Schedules A, C and E. The documents address some tax issues that the IRS review considers to have been misunderstood or misinterpreted.

Tax return preparers are expected to be knowledgeable in tax law. They are expected to take the necessary steps to file an accurate return on behalf of their clients. These steps include reviewing the applicable tax law, and establishing the relevancy and reasonableness of income, credits, expenses and deductions to be reported on the return.

In general, preparers may rely on good faith client-provided information. However, they can not ignore reasonable inquires if the information furnished by their client appears to be incorrect, inconsistent with an important fact or another factual assumption, or is incomplete. Tax preparers must make appropriate inquiries to determine the existence of facts and circumstances required as a condition of claiming a deduction or a credit.

Both the tax preparer and their clients may be adversely affected by incorrect returns. These consequences may include any and all of the following:

• If their client’s returns are examined and found to be incorrect, they (the client) may be liable for additional tax, interest and penalties.

• Preparers who preparer a client’s return for which any part of an underestimate of tax liability is due to an unreasonable position can be assessed a penalty of at least $1,000 per tax return.

• Preparers who preparer a client’s return for which any part of an underestimate of tax liability is due to recklessness or intentional disregard of rules or regulations by the preparer, can be assessed a penalty of $5,000 per tax return.

The letter further goes on to state that preparers in addition to their responsibility to exercise due diligence in preparing accurate tax returns for their clients should also be aware of the IRS’s tax return preparer requirements. This includes entering the Tax Preparer Identification Number on all returns prepared for compensation and adherence to the electronic filing requirements.

IRS revenue agents will be conducting 2,100 compliance visits nationally with members of the tax preparer community. The purpose of these visits is to make sure that preparers are complying with the current return preparer requirements and to provide information on new preparer requirements effective for the 2012 tax season. These visits are expected to start in November 2011 and be completed by April 15, 2012.

Taxpayers should be careful when choosing a tax preparer. While most paid preparers provide honest and excellent service to their clients, there are some that make common mistakes or engage in fraud and other illegal activities.

Reputable preparers will ask to see receipts and other documentation when preparing a tax return. They will ask numerous questions to determine whether expenses may be claimed as deductions or qualify for favorable tax treatment. By choosing a reputable preparer you can avoid additional taxes, interest and penalties that could result from an examination of your tax return.

In summary, the IRS continues to monitor tax return preparers. They are looking to make sure they are in compliance with tax return preparer guidelines and they continue to review tax returns in which there has been shown a high degree of inaccuracies and misinterpretations of the tax law.

Bags – Fashion Style

Bags, bags and more bags! Whether you’re going out to the nearest grocery store or for a formal evening out, a bag is a must for any lady. This season, bags in different shapes and sizes are ‘in’, but it is important to realize that if the most fashionable bag is worn on the wrong occasion and most importantly with the wrong type of outfit it will only make you look silly. Small clutch bags give an elegant and chic look and are a must for a formal evening out or a lunch with friends. The small clutch bag gives a graceful and chic poise to the lady holding the bag and looks awesome with long shirts and caprice. Small pouch bags also look great, as they are no hassle to carry and comfortable that makes them all the more better for formal occasions. Since saris are also favorite outfits on formal evenings and clutch bags, pouches are a must for an “all-out elegant look.”

If you are all for the glamorous and glitzy look then clutch bags with stones and embroidery will do the job for you. So for a classy touch go for petit bags and purses to complete your look. The huge metallic bags are the most popular bags this season and are definitely en vogue! They were in vogue last winter’s as well but their fashion has not worn out. In fact, huge bags are all the more in fashion this summer. They look good with any casual outfit like a Tee-shirt dress and jeans, A-line frock dresses or your casual day to day wear. These bags are useful for those who go to college, university or work as they are spacious enough to carry your make up kit and you can fit in just about anything – maybe even your pet Chihuahua! They are also lifesavers for moms with infants as the mother can not only keep her make-up and accessories but also her babies ‘accessories’. You have a lot of choice in these bags, as they are available in metallic colors as well as in any other colors with or without artificial stones, chains and buckles. Just be careful that you don’t buy an over-accessorized bag because it just ends up looking very cheap. The best thing about these bags is that they look good on just about anyone. However, keep the bags large enough – do not go for the ultimately over-size bags that will surpass your outfit and undermine your personality. This can be a total disaster as it will make you look like a huge metallic piece of leather and you don’t want that!

A much better choice for a bag to take on a semi-formal GT would be the bamboo bags. These bags can be found in almost any color but personally one finds them better in natural earthy ones like beige, brown or black. Stylized with diamantes, stones, sequins, and beads these bags come in different designs. Bamboo bags look casual yet give a graceful feel to the over-all look. Worn with a semi-formal clothes and stilettos, it definitely looks chic.

Well, that’s just about it for the bags in vogue this summer but one thing you need to be really careful about are the fake designer bags that can be found very easily these! Please do not buy bags that have Gucci and Armani drooling over them. Besides people have become so aware of fashion these days, you can tell an original from a fake. So to save yourself from embarrassment stay away from fake designer bags!

The Best Apartments in Dallas – How to Find Them!

How can you make sure that you are getting the best apartment at the best price in the Dallas area? Searching through the three thousand apartment options in Dallas can be a daunting task. In the end, you are likely to waste a lot of time going and visiting numerous communities that do not even have what you are wanting, and at the same time, passing up the best apartments that you weren’t even aware existed.

In searching for the best apartments in Dallas, it’s important to understand the framework of the city. Dallas is a Metroplex, which by definition, means that it is composed of a variety of suburbs that are all linked together to form one composite city. Even though each suburb is unique, it still is considered to be located in the city of Dallas. For instance, if you take just one of the suburbs as an example – Carrollton – when you are mailing a letter to the Carrollton area, it doesn’t matter if you address the envelope “Carrollton, TX” or “Dallas, TX”, because the postal authorities recognize that they are one in the same. So, when we refer to Dallas in this article, we are including all of it’s components…all suburbs that make up the illustrious city.

When individuals are relocating to Dallas and are not very familiar with the city, part of the problem lies in that they do not realize how big the city is, and that it is composed of so many “sub-cities”. They underestimate the number of apartment options that they will face when they arrive and are very surprised to see when they get here that they are facing thousands of rental homes to choose from, in a number of different areas. How can they possibly find the “best” rental choice among so many choices?

Well, before we can answer that question, we must clearly define what is meant by the term “the best apartments”. This phrase will mean something different to different individuals. For one person who is needing something economical but safe, the best apartment to THEM might be a small efficiency one-room apartment that is located close to their work. For another person “the best apartment” might mean something with a beautiful view. For still another, it may be a property that has the most luxury amenities. So, really, the key to finding YOUR best apartment comes down to defining what exactly you are looking for, and where.

Whether you are relocating to Dallas, or you already live here and just want a change, here are the 4 steps to get started in finding the best apartment for you:

FIRST, it is critical that you determine exactly WHERE in the Dallas Metroplex you would like to live. Since Dallas is composed of a mixture of various suburbs, narrow down which area exactly you would want to relocate to. You might decide on an area based on where you work, making sure you are within close proximity. Or perhaps you are more concerned about being located close to a particular school, or a particular family member. You may want to stay within so many miles of these destinations, or within so many minutes drive time. You also may want to research and investigate what each sub-city of Dallas has to offer before you make your choice. In general, the further North you go from the downtown area, the newer and nicer the city of Dallas becomes. Try to avoid the areas South of Downtown Dallas. Here are some of the many options in Dallas to choose from:

Plano – Great destination for families. Located 20 miles North of Downtown Dallas. Great school districts and youth sports leagues. The population now exceeds 250,000. It was recognized as the 8th safest place to live by the FBI’s most recent crime statistics. Plano is also a great place to do business.

Addison – Popular area for those seeking entertainment and nightlife. Addison is located 13 miles north of downtown Dallas and is connected to downtown by the Dallas North Tollway. With more than 150 restaurants, Addison has one of the highest restaurant per capital ratings in the nation. The main Street in Addison (known as Beltline) is also called “restaurant row”, because you can find ANY restaurant that you have ever imagined on this street. Addison is also home to a world class mall called The Galleria. Addison is also known for it’s frequent annual outdoor festivals, such as Oktoberfest, Taste of Addison, and the Shakespeare Festival. In addition to entertainment and nightlife, Addison is also a major hub for leading businesses.

Lewisville – Has an atmosphere similar to a small town, but functions and offers the amenities of a big city. Lewisville is located 20 miles north of downtown Dallas. It’s also only a 10 minute drive to DFW International Airport, the 3rd busiest airport in the world. Shoppers can shop ’till they drop at Vista Ridge Mall, which offers more than a million square feet of retail shopping among 160 specialty retailers. For those who enjoy the outdoor life, Lewisville is known for it’s many golf courses and has close proximity to 2 large lakes, including Lake Lewsiville.

Carrollton – Residents are drawn to the City of Carrollton for its high quality of life, abundant parks, schools and safe neighborhoods. In 2008, MONEY Magazine ranked Carrollton 15th in the country as the Best Place to Live. Carrollton is located 20 miles north of downtown Dallas and just 10 miles away from the DFW International Airport. Entertainment is nearby as Addison is only a few miles South of Carrollton for access to over 150 restaurants and the upscale Galleria Mall, and Lewisville is only a few miles North of Carrollton with access to Lewisville Lake and the Vista Ridge Mall. Carrollton residents enjoy more than 1,200 acres of developed park land, numerous playgrounds, biking trails and tennis courts. Two 18-hole golf courses in Carrollton have been rated among the top municipal golf courses in the state. Carrollton is also a great place to do business with over 5,200 businesses. It was also named recently as Texas’ safest city. The Carrollton School District is “Recognized” and offers a high quality of education.

Irving – entrally located in between Dallas and Fort Worth and directly adjacent to the DFW International Airport, you have access to many areas of the Metroplex, whether you love sports, shopping, art or the outdoors. With a population of around 200,000, Irving is a vibrant city known for its cultural diversity. Irving children enjoy a high quality education. Home to thousands of corporations and the global headquarters of five Fortune-500 companies, you’ll discover gleaming skyscrapers, two spectacular master-planned communities (Las Colinas & Valley Ranch) and the state’s only five-diamond rated resort, the Four Seasons. It is here that you can catch the Byron Nelson Championship.

Uptown Dallas – Located within only 1 or 2 miles from Downtown Dallas, an apartment or loft in Uptown Dallas is your window to a vibrant world filled with a Metro-attitude. From your Uptown Dallas apartment, you can explore the city of Dallas and enjoy comfortable modern urban living. You can define this area as a conglomeration of “contemporary, urban, metro” and “old-world retro charm”. Neighboring stores are filled with eclectic galleries and interesting and unique modernized antiques. From old restored historic buildings turned into modern contemporary lofts and apartments, to the most newly built urban communities, uptown Dallas has everything you are looking for, including a very diverse selection of restaurants on every corner located just outside your front door. Many residents of Uptown Dallas do not even have or use a car. They can access practically everything by just walking around the corner.

Downtown Dallas – it’s been said that the only thing that rivals the restaurant scene in downtown Dallas is the arts scene. The Arts District is the largest urban arts district in the country, stretching 17 square blocks. A downtown Dallas apartment puts you within steps of museums, theaters and other artistic arenas. Not to be outdone, there are an eclectic array of restaurants that rival NYC and shopping for every taste and price point. From contemporary historic lofts that renovate existing spaces to modern newly built luxury resort apartments, your urban living choices dot the landscape and capture the skyline.

Besides the Dallas suburbs mentioned above, you have many others to consider as options such as: Frisco, McKinney, Allen, The Colony, Denton, Arlington, Hurst, Euless, Bedford, Grapevine, Garland, Mesquite, Richardson, and more – all of which are considered to be in the city of Dallas.

SECOND of all, once you have narrowed down the area where you would like to live in Dallas, the next step is to decide what KIND of rental home you would like to live in. Do you prefer a loft? Or a flat? How about a split level (townhome)? A highrise building or a historic building that has been converted to rental units? You may just prefer a regular, but nice apartment community. In addition to deciding what type or types of properties you are willing to consider, also decide how many bedrooms and bathrooms your new apartment needs to offer. Most properties in Dallas have certain occupancy rules that only allow no more than 2 adults per bedroom. So, for example, if you have a family of 4, you would need a 2 bedroom minimum. You may even have in mind a certain amount of squarefeet that you don’t want to go under. The area that you choose will have a bearing on which kind of rental homes are available. For instance, if you want to live in a contemporary loft or an urban highrise or historical building that has been converted, you will likely have to stick to the Downtown and Uptown areas of Dallas. You will not find many of these options anywhere else in Dallas. But the further North you go, the more you will find of nice, newly built 2 and 3 story apartment complexes with individual attached garages, as well as newly built townhome communities.

THIRDLY, now that you have a general idea WHERE you want to live, and WHAT kind and size of apartment you need, the next step is to decide HOW MUCH you are willing to pay. What amount do you not want to go over? Most apartments in Dallas require that you earn approximately 3 times the rental amount. So, for instance, if your income is $3000 a month, then you probably would only qualify for an apartment that is about $1000 a month in rent. Keep these requirements in mind when you are deciding what rent amount you are willing to pay. Apartment communities in Dallas do verify your income as well. You must show evidence, such as paycheck stubs, that you earn 3 times the rent amount. If you are being transferred here to Dallas or you are relocating and starting a brand new job (you wouldn’t have paycheck stubs yet in that case), then you can present a Hire Letter to the apartment community as proof of your income. The Hire Letter should be on Company Letterhead and clearly state what day you will begin your employment and what your income will be. It should be signed and have contact information. The apartments will usually call to verify the letter. If you provide paycheck stubs, they will likely also call your current employer and verify the paycheck stubs.

LASTLY, now that you have in mind a good general idea of what you are looking for, the fourth and most important step in finding YOUR perfect apartment is to call a reputable DALLAS Apartment Locating company to assist you in providing a free custom list of all the properties in the Metroplex that are the closest match to your specific criteria. The first thing they will do is ask you is for a detailed description of where you want to live (which suburbs are you willing to consider), how much you want to pay and can qualify to pay in rent, and what kind/size of property you want. Since you have already narrowed down this information, you will be ready to give it to the Locator and this will make the process much smoother.

Using a good, experienced Apartment Locator who is located in the Dallas area and has an in depth knowledge of all the 3000 rental properties in Dallas, is the quickest and easiest way for you to find the apartments that best match your criteria. They will not only save you a ton of wasted time exploring properties that are NOT a good match for you, but they also will make sure you are informed about the best specials and deals that are being offered in Dallas. Most renters end up saving an average of $500-$600 by using an Apartment Locator. This is because the Locator guides them to all the great deals that they would have otherwise not known about. The list that your Apartment Locator gives you will provide information such as pictures, floor-plans, maps and details for every property in Dallas that they feel represents the BEST matches in the Metroplex for YOU.

Even if you have lived in Dallas your entire life, new properties are being built every day in this ever-expanding city. It is likely that there are options out there you are not even aware of. Take the guesswork and stress out of your Dallas apartment search and let a reputable local Apartment Locating Company help you.

Destination Dorset, UK – Travel Info

With the current financial climate forcing all of us to cut back on spend for the non-essentials this year, many Brits are considering a holiday here in the UK instead of travelling abroad. As a result, prospective holidaymakers are becoming fully aware that if they choose to stay in England it is unlikely that they will be the only souls with that idea – so choosing a destination that is less known, sooner, and booking early is a great idea. Dorset is the perfect destination, especially for those seeking camping or cottage holidays. It is a less obvious choice than Devon and Cornwall, but is equally as unique and enchanting a place.

Lyme Regis is perhaps one of the best known tourist destinations in the county. The town lies on the Jurassic Coast (a World Heritage Site) to the east of the county and equidistant between Exeter and Dorchester (25 miles from each). The town’s rich history is related closely to the progression and growth of shipping and exploration in the 13th Century, and was once home to George Somers (who founded Bermuda). Today, one of the major pastimes in the town is fossil hunting. The Blue Lias rock of the cliffs is host to many intact fossils that are revealed by coastal erosion, and easy to find by visitors.

The county’s unique geography is also exemplified by Chesil Beach. This barrier beach connects the Isle of Portland to the mainland, and stretches 18 miles north-west up to the village of Burton Bradstock. The intriguing beach bar structure offers a natural barrier to Weymouth and Chiswell against the harsh channel and sea. Behind the beach in-between the Isle and the mainland lies Portland harbor, the second biggest manmade harbor in the world after Sydney. The harbor is a popular destination for sailors, wind surfers, and divers.

Bournemouth is the largest town in Dorset and is situated on the coast at the east of the county. The town is considered the regional centre for leisure and recreation, and consequently offers many things for tourists to do. The Russell Coates Museum contains collections of 19th Century paintings from countries as diverse as Japan and Russia. Bournemouth is also home to the well-renowned Royal Bath Hotel which has been the temporary residence to such celebrities as Oscar Wilde, H. G. Wells and Shirley Bassey.

There are numerous other sights to see in the county to satisfy all tastes and interests: from castles to tank museums. Monkey World is certainly worth a visit. The primate sanctuary is continually growing and progressing its environmental efforts, with a range including Gibbons, Marmosets, and Lemurs. However the icon that is no doubt most known around the world is that of the Cerne Abbas giant – an 180 ft tall chalk drawing to the north of Dorchester.

Home Furniture – Making Choices on Need Basis

Home decor usually involves the design and layout of the different rooms in a home customized to the needs of the owner and keeping in mind practicalities and functionalities. But every now and then, there is always the intention of the home owner to indulge in a passion such as investing in an expensive piece of furniture or putting in an extra space at home for family usage, or designing a bathroom in an expansive and luxurious finish etc. Whatever the outcome, the satisfaction is in a design and job well executed especially if it meets the need envisioned.

Different types of home decor and furniture suit different needs of the occupants and can transform a house into a beautiful living space and define the home. Furniture types consist of various listings like:

• Seating
• Dining
• Sleeping
• Kitchen
• Storage
• Work areas
• Entertainment, etc.

By and large, the choice of furniture depends on the space available, costs and preferences. The common types of home furniture classification are:

1. Seating – the sofa is the ubiquitous piece of furniture of seating; today, this can be a recliner sofa, a cozy two seats, an elaborately carved three seats or any other.

2. Dining – a dining table dominates the dining area of a house. If the home is large enough to accommodate a formal as well as informal dining table, then that is sometimes done. Some homes use an informal dining table in the kitchen for most meals and the formal one for occasions or while hosting friends and family. Earlier, dining tables were mostly carved from wood; today there are plenty of options like metal framed, glass, fiber and plastic. Shapes are also diverse from the original rectangle to square, round, oval and hexagonal to suit interiors.

3. Bar – a home bar is not only a part of many large and luxurious homes, even smaller ones are making the effort to use a private area as a bar to wind down after work or entertain guests. A small corner can be cordoned off with a circular bar and bar stools with part of the bar cupboard acting as a storage space for books and videos.

4. Entertainment – home theater furniture has become an integral part of homes that are hooked on to electronics for viewing pleasure or for games etc. as part of spending quality family time together. Where there are TVs, music and DVD players, a home theater has become a necessity rather than a luxury.

5. Sleeping – the master bedroom usually has the master cot designed or picked up from a furniture store keeping in mind the space and requirements like side cabinets and shelves for storage; smaller children may use an adjoining room as their bedroom. Kids’ rooms can toy with the idea of bunk beds to save on space and create extra storage for books, clothes and games

These constitute the essentials of home furniture; however, each home is unique in reflecting the tastes of its owner and hence functionality and budgets are an important factor besides the housing space.

What Will Be the Fashion Style Shoes in 2010 Spring and Summer?

The fashion depends on the mood of the people, the director of the famous Italy brand Valentino answered in a interview.

Globally, the design style and fashion trends of clothes and shoes are closely related to the fashion capital French and Italy which are the representative of world fashion and culture. But the fashion culture derived from the people’s unconscious psychic reflection about the world. After 911, the cool colors become the fashionable in the world. Moreover, the style became dignified. And the black color of clothes and shoes become popular in America just from then on. In the 1980s when China was just carrying out the policy of reforms and open-up, the flared trousers were very popular in China. All of these could reflect that the fashion and culture is the mirror of people’s mental attitude. Besides, the economic situation of the district and the local consumption habits will also affect the fashion trends of apparel and footwear.

After the Iraq, the international political situation became stable. And the world economy developed more smoothly. So the people may be in good mood again, and will pay more attention to the quality of life and to enjoy life. Therefore, the avant-garde, bold and enthusiastic styles became very popular since 2005. The warm color has been popular these years, such pink, light green etc. As for the material, mainly are delicate silk, cotton textiles. The fashion colors of women’s shoes and clothes form a perfect match. Beige and light yellow will become the popular color for 2010 spring and summer sandals. The pointed-toe boxlouboutin shoes will be popular. As for the styles, the stiletto heels and the flat shoes will be the fashion styles at the same time! Just to meet the consumer’s different needs of both fashionable and comfortable. And the material of shoes is mainly calfskin with rubber soles. And the Crystal-heels will begin to carry on this summer.

In fact, popular and fashion style maybe not the best for you. In other words, if you walk in the street, seeing everyone wear the same style red sole shoes, do you think that will be beautiful? So in my opinion, the popular and fashion trend could just be used as a reference. Just remember that the fashion and hot style shoes and clothes might not be suitable for you. But the ones suitable for you will always be popular, just to my mind!