Are You Leaving Tax Deductions on The Table? An independent contractor is a person who is hired to do work for another person or business but is not an employee or agent of that person or business. Independent contractors are generally any professions that offer their services for a unique purpose or contract. Some examples [...]
What have we learned? In a previous post, I discussed on FoxNews.com Live how what to do in the event of an IRS audit. My biggest suggestions were not to panic and keep all your receipts for a minimum of 3 years. You can survive an IRS audit by speaking with competent professionals like attorneys, [...]
Watch the latest video at video.foxnews.com The IRS is increasing audits on taxpayers to collect more taxes. If you’re one of the taxpayers who have received a letter of inquiry from the IRS, don’t panic. The IRS letter will ask for information to support amounts on your tax return in question. Here are three reasons [...]
As of February 2011, the unemployment rate in the United States was last reported at 8.9%. The current rate represents a drop from prior reports, however; the unemployment rate of 15.3% is still disproportionate among African Americans and 11% among Latinos. The overall unemployment rate is important but Congress also needs to look at the [...]
By Darren Dahl | Mar 17, 2011 You’ve finally decided to start a business of your own. Or maybe you have been running one as a sole proprietor, even moonlighting on the side, and have decided you need to protect your personal assets from those involved with your growing business. You might even decide there could [...]
I got a frantic call today from a client’s referral. He was frantic because today is March 10th, 2011 and he recently read that his company tax return was due on March 15th, 2011. ——————————————————————————————————————————————- Ebong: What is the entity type of your company? Is it an S-corporation? And did your company make money this [...]
Watch My Interview Here: Fox News.com Live! The IRS and CPAs are encouraging tax payers to electronically (efile) their income tax returns this year. You may have some concerns about the safety and ease of efiling your return. The good news is the pros of efiling greatly out weigh the cons. In addition, the IRS [...]
By Janene Mascarella Posted: Fri, Mar 4, 2011, 9:18 AM EST You know the old adage: The only things certain in life are death and taxes. Death can be unpredictable, but the phrase “tax season” is about as pleasant as nails dragging across a blackboard. But there’s no need to sweat it if you’re prepared. [...]
Watch My Interview Here: Fox News.com Live! The IRS and CPAs are encouraging tax payers to electronically (efile) their income tax returns this year. You may have some concerns about the safety and ease of efiling your return. The good news is the pros of efiling greatly out weigh the cons. Last week, I visited [...]
Other Deductions The marriage penalty has been a strain on so many tax paying marriages. The 2010 tax law extension addresses that. Here are some more deductions and tax breaks that everyday people may qualify for. It’s about keep more of your money and I want to help you do that. • For higher-end taxpayers, [...]
