Form 1099
Are You Aware of the New Changes for 2011 on Partnership Returns?
In an ongoing effort to ensure the proper amount of income and deductions are reported and that the proper amount of tax is collected, the Internal Revenue Service is ever evolving its tax forms. You can always find these changes … read more
IRS Provides New Settlement Offer On Workers Misclassified as Independent Contractors
Have you been incorrectly treating your workers as independent contractors rather than employees? Are you unsure of the outcome if you were to be audited by the IRS or Department of Labor? If so, my first suggestion is to discuss … read more
Year-End Payroll Processing Reminders
It’s that time of year again; time to start preparing for year-end payroll processing. The filing deadline for 2010 Forms 940, 943, 944, 945, and fourth quarter 2010 Form 941 is January 31, 2011. W-2s and 1099 forms must be … 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
Are You Making Rental Payments to Nonresidents?
We all are aware of providing form W-9 and form 1099 when paying for items such as services or rental income. As some of you may have found, some of the payees may not be US taxpayers and are ineligible … read more
Restaurant Owners – Prepare for Tax Filing Season
In order to take advantage of all the tax incentives available to restaurant owners and to make things easier for your friendly neighborhood CPA (also should help to keep those professional fees down!), here are a few tips when putting … 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