Professional Services of Alabama, Inc

We are Hiring!

Redd Tax, LLC and Professional Services of Alabama have common ownership.

Job Posting This position has some receptionist responsibilities and from time to time welcomes our clients and other visitors to the office. In addition, the person will have general office administrative duties, learn and execute all tax operations responsibilities and actively engage in ongoing, firm-wide pr...

Know before the end of the Tax Year with a 4th Quarter Estimate from a Qualified Tax Pro. Call to Schedule a Tax Planning Session Today!

Are you getting hit NIIT?

The (NIIT) Net Investment Income Tax is a 3.8% tax on certain types of investment income, such as interest, dividends, capital gains, and rental income. It applies to individuals, estates, and trusts with modified adjusted gross income (MAGI) above certain thresholds.

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Who is subject to the NIIT?

The NIIT applies to individuals, estates, and trusts with MAGI above the following thresholds:

Married filing jointly or surviving spouses: $250,000
Heads of household: $200,000
Single: $125,000
Married filing separately: $125,000

Don't Ignore Your CP14 Notice or Any Tax Notice!

If you've received a CP14 notice or any notice from the IRS, it's important to take action. Ignoring the notice will not make the debt go away. In fact, the IRS may take further action, such as filing a Notice of Federal Tax Lien or levying your assets.

Reach out to us today for help in setting up a resolution for you!

2022 Tax Filing season starts January 24.

2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline | Internal Revenue Service IR-2022-08, January 10, 2022 — The IRS announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

Good record keeping is good business! Give us a call today 205-815-1607, we can help!

Good recordkeeping is just good business | Internal Revenue Service Tax Tip 2019-157, November 7, 2019

List of companies that retirement plans are considered Defined Benefits, and it may not be taxable. Consult your tax advisor first. Here is the list for Alabama as of April 2015

revenue.alabama.gov

www.aldoi.gov

Prepare for the worse in a tax deductible manner. Save money through a Catastrophe Savings Account and Write off the Contributions. Learn More by Following the Link below.

aldoi.gov

Who is Really Blowing Smoke, the Politicians or You?

Revenue.Alabama.gov

Cigarette Tax is going up, the Official Notice from the State of Alabama is below.

revenue.alabama.gov

Tax Reform Must Start Somewhere | Commentary - Beltway Insiders

Somethings are Impossible...

blogs.rollcall.com By Brandon Arnold Will members of Congress finally overhaul the tax code? Or will they miss yet another opportunity to spur economic growth and reduce the

Check the Return Preparer Directory, is your Tax Person Listed.... I am Ronald Redd under zip 35126

Know that your tax person is qualified.

irs.treasury.gov

Alabama's best bet is tax increase and gambling

I hope he wants too pay more too.

al.com So Marsh's backing for a lottery is not a particularly gutsy move. But combining a lottery with casino type gambling? We haven't been there before.

IRS says thieves stole tax info from additional 220,000

Oh My!

cbsnews.com The revelation more than doubles the total number of potential victims of the data breach, to 334,000

Tampon tax is real. Women everywhere pay their governments extra to have periods

You can tax anything.

dailynews.com Sometimes it’s hard to be a woman. And sometimes, by which we mean every month for roughly 30 years, it’s downright expensive.If periods are the price women pay for the ability to make new humans, the “tampon tax”

V***r Store Owners Fuming Over Cigarette Tax Proposal

Waiting to Inhale !?!?

wkrg.com Critics of the Governor's to***co tax proposal, which now includes E-Cigs, argue it could cause nearly 2,000 workers to lose their jobs.

Alabama Department of Revenue - Sales Tax

Alabama Sales Tax Holiday Information from the Official Source

revenue.alabama.gov Beginning at 12:01 a.m. (CST) on Friday August 7, 2015, and ending at twelve midnight on Sunday August 9, 2015, Alabama will hold its tenth annual sales tax holiday giving shoppers the opportunity to purchase certain school supplies, computers, and clothing free of state sales or use tax. Local sal…

Alabama businesses hope to nip beverage tax in the bud

Nip it in the Bud!

al.com The head of Buffalo Rock Company said a soft drink tax proposed to help fix the state's General Fund budget shortfall would hurt the state's economy. "It's a job killer and would have an enormous trickle effect throughout our economy,"...

You don't have to do it alone, we can help.

Let Us Help You Lift Your Tax Burden! Call, Click, or Come By!

psatax.com

Tax incentives bring film, TV show crews to Alabama

Feel Like a movie star, now it could be possible!

tuscaloosanews.com MONTGOMERY | Richard Rionda Del Castro, the producer of "USS Indianapolis" — an upcoming movie starring Nicolas Cage about the sinking of the ship that transported the nuclear bomb to end World War II — is filming on and off Alabama's coast this month.

Lawmakers, White House Explore Tax Revamp for U.S. Firms Overseas

As they should

wsj.com Top lawmakers and the White House are in the early stages of discussing an ambitious overhaul of how the U.S. taxes its multinational firms, according to officials involved in the effort.

Tax breaks for 'Lofts on Alabama' win state approval

mlive.com The $20 million "Lofts on Alabama" project is now eligible to capture that amount for site demolition, asbestos abatement, site preparation, infrastructure improvements and construction of a parking ramp.

Alabama's income tax hits poor harder than most, but it wasn't always so

al.com "The Alabama Tax & Budget Handbook" notes that Alabama's income tax started out highly progressive. When the state Legislature first levied the income tax in 1935, the tax did not kick in until after the first $3,600 of income for a family of four.

Bookkeeping

Do what you do best, let us handle the rest. Bookkeeping made simple. Call, Click, or Come By!

psatax.com Sorting out yours or your business's income and expenses can get sticky quick. Implementing our all inclusive bookkeeping service will make life easier for you, and freeing up time that allows you to do what you do best. We will keep track of all of the following, given all the appropriate informat…

Alabama following in Chicago's footsteps by hiking taxes on cable and satellite customers? -...

Thank you Alabama!

yellowhammernews.com It’s not very often that staunchly conservative Alabama follows the lead of a liberal city like Chicago, but that appears to be exactly what is happening with a tax hike[...]

Alabama Dept. of Revenue leader attempts to defend Netflix Tax - Yellowhammer News

Anything can be TAXED... So I guess it is easier to name the things that are not.

yellowhammernews.com MONTGOMERY, Ala. — Yellowhammer News has obtained a copy of a letter sent to some legislators by Alabama Department of Revenue (ADOR) Commissioner Julie Magee explaining her rationale for a[...]

Naked Tax? Jamie Oliver Proposes Sugar Tax

forbes.com Jamie Oliver is instituting his own sugar tax, even if the UK government won't. It's a bold move

July 4th - Holidays - HISTORY.com

Happy 4th of July. Take a moment to understand the History of it.

history.com Find out more about the history of July 4th, including videos, interesting articles, pictures, historical features and more. Get all the facts on HISTORY.com

No, We Don't Need a Gas Tax Hike

Hmmm...

forbes.com It's summertime and that means millions of Americans will soon be cramming in the minivan for family vacation. But Congress may soon be raising the cost of those trips by raising the federal gas tax. Why? The highway trust fund that finances our national highway system is running out of money. [...…

Tax, Estate Planning, Benefits Opportunities After Supreme Court's Same-Sex Marriage Decision

forbes.com Filing for a state income tax refund is one move same-sex couples can make, thanks to the Supreme Court decision in Obergefell v. Hodges.