by | Apr 30, 2010 | Business Profit & Cash Flow Tips, Cost Cutting, Current Affairs, Income Taxes, Other, Small Business Owners, Tax Tip of The Week, Web/Tech
You may not know this, but the IRS has a website! www.IRS.gov has a lot of useful information and features. You can check the status of your refund, get most IRS forms, and apply for an EIN and payment plans. It also has access to publications that relate to business...
by | Apr 22, 2010 | Income Taxes, Tax Tip of The Week
Yup! That is right. When you go to the casino and actually win big, you will be taxed on it. Normally, when you win a big jackpot, the casino will ask you for information such as, your name, address and social security number. This information will be reported to the...
by | Apr 2, 2010 | Current Affairs, Income Taxes, Tax Tip of The Week
File an extension!!!! All taxpayers have an option to file a Form 4868, Application for Automatic Extension of Time to File Tax Return. This form notifies the IRS that you need more time to prepare your taxes for the current year and allots you six more months to get...
by | Mar 24, 2010 | Current Affairs, Income Taxes
If you did some renovations to your home last year, you may be wondering if these renovations qualify for the 2009 Energy Tax Credit. First of all, all individuals qualify regardless of income. The way the credit is calculated is by taking 30% of the cost of the home...
by | Mar 12, 2010 | Current Affairs, Income Taxes, Tax Tip of The Week
People like to help out by donating to various charities. Beginning in 2007, the IRS imposed tougher substantiation rules for charitable donations of cash. Some taxpayers are still getting used to the idea of getting back up information in order to take the tax...
by | Feb 26, 2010 | Current Affairs, Income Taxes, Small Business Owners, Tax Tip of The Week
The IRS has announced it has selected taxpayers for the first round of employment tax audits under its National Research Program. (IRS News Release 2010-012) Expect small businesses to comprise about 80% of the group. Eventually, about 6,000 businesses will be...
