College tax credits
January 28th, 2015
I am hearing that if you have a child in college and you get a credit that you may not see a refund until May because the IRS wants to confirm with the school’s information and the school has longer to submit their info. Apparently, there is a lot of fraud with this credit.
2012 individual filing
January 18th, 2013
Individuals can start e-filing their taxes starting January 30, 2013. Corporations and individuals who have a schedule C have to wait until February or March to file.
2010 Tax Relief Act – Personal Income Tax
January 13th, 2011
On December 17, 2010, The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 was signed into law by the President. The personal income tax provisions in this law provide for an extension of the Bush-era tax cuts which were scheduled to expire at the end of 2010. The [...]
2010 Tax Update
November 27th, 2010
Just went to a 2 day tax update seminar and here is some of the info I found out:
*As of right now, effective 1/1/12, all businesses must give 1099-MISC’s to all goods and services vendors that they pay a total of $600 in aggregate (Not just one single payment, in total), if greater than 250 [...]
Haiti Donations Count for 2009 Taxes
January 21st, 2010
I just read online on CNNMoney.com that Congress is considering passing a a bill that makes contributions to Haiti relief, made between Jan. 12 and Feb. 28, count toward an individual’s or family’s 2009 taxes.
Stay tuned to find out what Congress decides.
Tax Tips for the New Year
January 2nd, 2010
Today marks the launch of my new website and blog, and what I hope will be the start of a new part of my business relationship with my customers. I’ll be posting information about small business accounting and tax related news on a regular basis, at least once a month to start, to educate [...]