1099
Quickbooks Tips for Issuing 1099′s
As a business owner, one of your numerous responsibilities is to issue 1099′s to any eligible payee prior to January 31st of the following year. On the tax return you file, there is even a new question you’re required to … read more
Patient Protection and Affordable Care Act – New Taxes? Part I
Now that the Supreme Court has ruled that the Health Care Act (now known as the Affordable Care Act) has been declared constitutional except for the part that punishes states by eliminating existing Medicaid funding, we can begin to look … read more
IRS Top 10 Tax-Time Tips to Smooth Tax Filing
The IRS recently sent out its first “IRS Tax Tip” for 2012. Here’s the Internal Revenue Service’s top 10 tips to ensure a smooth tax-filing: 1. Gather your records Round up any documents you’ll need when filing your taxes: receipts, … read more
Differentiating Independent Contractors from Employees
Worker classification is an important determination that can greatly affect the responsibilities imposed upon a business. The distinction between an independent contractor and an employee can be complicated, but there are a number of established tests that can help a … read more
Expanded Tax Benefit to Health Professionals Working in Under-served Areas
The IRS has announced that under the Affordable Care Act, health care professionals who received student loan relief under state programs that reward those who work in under-served communities may qualify for refunds on their 2009 federal income tax returns … read more
How To Obtain a Transcript of Previous Tax Information
Have you ever needed copies of your tax information from prior years and for some reason you were unable to locate your records? Did you know that it is possible to obtain this information directly from the IRS? The process … read more
Let's Play the Matching Game
My kids were always skilled at matching games…you know, those games where there are grids of cards with cartoon characters turned upside down and you need to match up the two hidden pictures of the same character. Well, the IRS … read more
Get Organized for Tax Time
The holidays are over and as you put away the decorations you uncover an unruly pile of paper accumulated over the past 12-months that you will need for your tax return. “Oh, how I wish I had kept better records … read more