The Internal Revenue Service (IRS) and its many partners are asking for volunteers who are interested in helping those in need this tax season. For many years, the IRS has sponsored various programs to help families in the U.S. who may be struggling. One of these programs provides volunteer income tax assistance to eligible taxpayers, …
For many people, maybe you, preparing a tax return is like a foreign language. Luckily for you, you can always have a tax professional prepare your tax return for you. It can be hard to distinguish what your tax professional needs to complete your return between all the statements, documents and other miscellaneous items you …
As discussed in the blog on dashboards and visualizations, there are increased benefits when integrating multiple software packages a company uses, such as general ledger, inventory management, customer relationship management, human resource information system and point-of-sale systems. Once the applicable software packages are integrated, the customized reports and analytics can be prepared. Don’t miss: Transfer …
Rarely are the words “I really enjoyed working with the Internal Revenue Service to resolve that issue” spoken. Dealing with the Internal Revenue Service can be an intimidating and frustrating experience. The Taxpayer Advocate Service is available to help you navigate problem resolution with the IRS. As part of the IRS Restructuring and Reform Act …
Sales tax nexus laws across the country got a fresh makeover starting in the summer of 2018 with the Supreme Court decision in Wayfair. Now, states are updating their income tax sourcing laws, hoping to lure more businesses to reside there while simultaneously gaining more tax revenues from businesses that do not. The method? Market-based …
In response to the coronavirus pandemic, last week the United States House of Representatives passed legislation making COVID-19 testing free and providing paid sick leave to many whose employers had previously not offered paid sick time. The Families First Coronavirus Response Act left many businesses struggling to find the resources to accommodate mandated paid sick …
What is needed for taxes is situational. A college student may only have a W-2 form while others will receive 1099 forms, depending on the type of income they receive. It is important to know what forms and documents to give your CPA to have the process be efficient. Don’t miss: key changes to 2019 …
California’s new law (Labor Code section 2750.3) creates a big definition change on who should be paid as an independent contractor and who should be paid as an employee. Under the new law, a worker can only be considered an independent contractor if the payor can prove they meet the following three requirements: The worker …
This month the IRS issued a Tax Tip warning taxpayers about a fake property lien scam. This is just one of many scams out there designed to trick you into paying money for fictitious bills. Don’t miss: IRS issues warning to virtual currency owners Here are some of the attributes of the scam that the …
So, you married the love of your life? Or maybe you left him in the gutter where you found him? Either way, the IRS wants you to know that when changing your name, the name on your tax return must match the name registered with the Social Security Administration (SSA). Here are five things to …