How Worried Should You Be About Getting Audited?
At first the above seems like a fairly ill-defined question to ask. It’s a bit like asking “should I be concerned that one day a tree is going to fall on my… Continue On +
The New Form I-9
The U.S. Citizenship and Immigration Services (USCIS) has released the Revised Employment Eligibility Verification Form (Form I-9). The new Form I-9 is available at http://www.uscis.gov/files/form/i-9.pdf and all employers should being using this… Continue On +
Charitable Contributions and Substantiation
If you donate less than $250 by cash, check or credit card no formal acknowledgment by the charity is required. You must keep record of a cancelled check, credit card receipt or… Continue On +
Employee vs. Independent Contractor
The question of whether a worker is an independent contractor or employee for federal income and employment tax purposes is a complex one. It is intensely factual, and the stakes can be… Continue On +
Preventing Identity Theft
As indicated by Mark Holzgang in an earlier blog, Identity Theft and Your Taxes, our firm uses state of the art security measures to ensure the safety of your information. In addition,… Continue On +
General Reminder of Vacation Home Tax Rules
The Internal Revenue Code is clear that if you rent a vacation home for less than 15 days, the income and expense is not reportable at all. If you rent the home… Continue On +
What To Do If You Get Audited
You’re at home going about your day when the phone rings. When you answer, an unfamiliar voice tells you they are from the IRS, and they want to “examine” (audit) your tax… Continue On +
The Truth Behind Section 179
Yes, you are about to read a blog discussing an internal revenue code section; try to contain your excitement. Chances are you have heard of code section 179 from a sales person… Continue On +
Understanding Tax Brackets
Tax practitioners are often asked what will happen with regard to changes in tax law in 2013. Rather than try to predict what will happen, a concrete example of how tax brackets… Continue On +
Tax Overhaul Likely Coming Soon
Now that the election is behind us, hopefully Congress and the White House will get together and reform what has become an ever expanding and complicated Internal Revenue Code. We have been… Continue On +
Identity Theft and Your Taxes
We are seeing a lot more instances of refunds being put “on-hold” until the government can figure out possible Identity Theft issues. This can become very frustrating for our clients. Not surprising… Continue On +
Your Cash World, Our Tax World
For some doctors it feels like they are on a different planet as their accountant and advisor. One of the reasons for this feeling is because the business owner lives in the… Continue On +