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  • Federal Tax Day - Current, C.1 Reid, Baucus Introduce Bill to Repeal Form 1099 Reporting Requirements
      Date:

    Senate Finance Committee Chairman Max Baucus, D-Mont.
  • Tax Law Changes Will Delay Start of Filing Season for Some Taxpayers
      Date:

      The IRS is warning taxpayers that it will not accept certain 2010 individual tax returns until mid- or late February due to tax law changes recently enacted by Congress (IR-2010-126).
  • Tax Relief Act of 2010: Employee Payroll Tax Reduction
      Date:

    The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Tax Relief Act of 2010) provides a "payroll tax holiday" that is estimated to inject over $110 billion into the economy in 2011.
  • Federal Tax Day - Current, C.1 Tax Cut Measure Heads to President, (Dec. 17, 2010)
      Date:

    House Democrats and Republicans spent hours blaming each other for Congress' failure to address the nation's growing federal budget deficit before passing an $858-billion measure to extend the Bush-era tax rates, provide unemployment benefits, patch the alternative minimum tax and provide a two-year break for inheritance taxes.
  • Business Income Tax Return Checklist
      Date:

    Here is a sample of information we need to prepare your Business Income tax return: General Ledger or QuickBooks (Accountant's copy) Bank statements and bank reconciliations as of the end of the tax year Accounts receivable listing (if accrual basis) Inventory balance at the end of the year (at cost) Listing of assets purchased and disposed during the year:  Purchases - Description, Date purchased, Purchase price and loan details, if any.
  • 2010 Year-end Tax Planning
      Date:

    This year has brought many federal tax changes that impact taxpayers of all types.
  • 2010 Small Business Jobs Act: General Information
      Date:

    Congress has passed a small business jobs bill (the Small Business Jobs Act of 2010) with valuable individual and business tax incentives.
  • IRS Expands Use of Electronic Payments, Discontinues Paper Coupons
      Date:

    The IRS has issued proposed regulations that would eliminate paper coupons for deposits of employment taxes, corporate income and estimated taxes, and many other taxes.
  • Tax Benefits of Home Ownership
      Date:

    Buying a home is the single most valuable investment most families make, and home ownership offers tax breaks that make it the foundation for your overall tax planning.
  • Retirement Plan Distributions
      Date:

    Your retirement plans and IRAs may be among the largest, if not the largest, assets that you have.
  • Sophisticated Charitable Giving
      Date:

    Significant tax savings can be achieved through a properly planned program of gifts to charity.
  • Travel and Entertainment Review
      Date:

    Although the computer age and modern telecommunications have reduced the need for in-person contact, it is still sometimes necessary for businesses to send employees out of town on business, or to entertain clients and customers.
  • Employee Business Expenses
      Date:

    Now may be a good time to evaluate the expenses you incur as an employee in connection with your work.
  • Reporting Requirements on Payments to Corporations
      Date:

    Form 1099 is required when paying, starting in 2012, for all trade or business goods or services.
  • Inclusion of Cost of Employer-Sponsored Health Coverage on W-2
      Date:

    Starting for the 2011 tax year, employers are required to disclose on the employee's Form W-2, the aggregate cost of employer-sponsored health insurance coverage regardless of whether the employer pays for the coverage.
  • 2010 Planning: Casualty Losses
      Date:

    If your home or other property is damaged as a result of a fire, earthquake, flood, hurricane, vandalism or similar event, you may be able to take a deduction for the loss.
  • 2010 Second Quarter Federal Tax Developments
      Date:

    During the second quarter of 2010, there were many important federal tax developments.
  • Summary of New Health Care Reform Law
      Date:

    Recently, two pieces of legislation, the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 were signed into law.
  • 2010 HIRE Act
      Date:

    The President is expected to soon sign into law the "Hiring Incentives to Restore Employment Act of 2010" (the 2010 HIRE Act), the centerpiece of which is a payroll tax holiday and up to $1,000 tax credit for business that hire unemployed workers.
  • Homebuyer Tax Credit Update
      Date:

    Congress has passed the Homebuyer Assistance and Improvement Act of 2010 (HR 5623) and the President was scheduled to sign it on July 2, 2010.
  • Federal Tax Day - Current, C.1 Reid, Baucus Introduce Bill to Repeal Form 1099 Reporting Requirements

  • Tax Law Changes Will Delay Start of Filing Season for Some Taxpayers

  • Tax Relief Act of 2010: Employee Payroll Tax Reduction

  • Senate Passes Small Business Tax Bill
  • TAX RATES FOR 2010 AND 2011
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