Ken and Daria Dolan’s article “11 Outrageous Taxes” discusses 11 various charges that are being levied or have been proposed as future charges. Whether these are taxes or user fees depend on your point of view. While most people are familiar with “sin taxes” some of these on this list are clearly unusual and creative [...]
Due to recent IRS regulations it is more important than ever to choose the right tax preparer. Paid tax preparers who file Federal returns after January 1, 2011 must have a Preparer Tax Identification Number (PTIN). PTIN’S are issued by the IRS and subject the preparer to competency exams and continuing education requirements. Attorneys, CPAS [...]
The IRS has issued Information Release (IR-2011-1) that specifies taxpayers with the following issues need to wait until mid to late February to file their 2010 individual income tax returns. Itemized deductions on Schedule A. Claiming higher education tuition and fees deductions. Teachers claiming the Educator Expense Deduction. To read IR-2011-1 please click the following [...]
Congress is at it again. Despite the much publicized agreement in principle last week between the President and Republican leaders to extend various tax cuts, the House Democrat leadership has decided to reject the agreement in its current form. Here is the press release from Nancy Pelosi yesterday: “We will continue discussions with the President [...]
Congress is up to its annual procrastinating self as usual when it comes to dealing with the Alternative Minimum Tax (AMT). Each year for about the last five years it decides in late November or December whether to increase the AMT exemption or let it revert back to the exemption amount that was in place [...]
Normally the due date to file an individual income tax return for calendar year end taxpayers without an extension is April 15th.However the date will be April 18th next year, even though April 15th falls on a Friday in 2011. To find out the reasons why you are getting an extra three days you can [...]
In the last two months we have a seen a significant number of our clients calling and asking us questions regarding emails that they have received for tax payments that have been rejected. Please be advised that the IRS does not send emails to taxpayers. All of these emails are phising scams and should be [...]
While this seems like an oxymoron this very well could happen. Congress has decided that their jobs are more important than your household budget and has decided to delay voting on extending any part of the Bush tax cuts until after the November elections. The only problem with delaying the vote until late November or [...]
Julie Rains has an excellent quote in her article titled Dealing With Problem Employees: The Basics of Progressive Discipline. “Given the choice to safeguard the future of your company or protect the needs of a problem employee, you’ll choose your business.” The question is would you? Here are some reasons why you shouldn’t have to [...]
Ivana Taylor wrote a very good article on how to generate leads titled “7 Easy, Low Cost Ways to Generate Leads and Keep Customers”. Her article provides a detail list on 7 ways to generate leads. I find that item 4 is one that few people are comfortable in doing because it requires you to [...]
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