Archive for the ‘ Andersen CPA Site News ’ Category

Seven Tips About Rental Income and Expenses

IRS Tax Tip 2011-45, March 4, 2011 Do you rent property to others? If so, you’ll want to read the following seven tips from the IRS about rental income and expenses. You generally must include in your gross income all amounts you receive as rent. Rental income is any payment you receive for the use Related posts:

  1. New 1099 Reporting in 2011 for Rental Property Starting January 1, 2011, if you get a 1099 for...
  2. Rebel Without a Cause: Prisoner denied Earned Income Credit The following is an article in the March edition of the Nat’l Association...
  3. EITC – Don’t Overlook It – IRS Tax Tip 2011-20, January 28, 2011 As reported on : http://www.irs.gov/newsroom/article/0,,id=106429,00.html  IRS Tax Tip 2011-20, January...
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Enron Whistleblower Scores $1.1M Reward from IRS

Accounting Today Magazine Online, Washington, D.C. (March 15, 2011);  Written By: Michael Cohn The Internal Revenue Service has paid a $1.1 million reward to an anonymous whistleblower for information that exposed an alleged tax fraud scheme by Enron, Bankers Trust and others before the company collapsed. It is one of the few whistleblower rewards the new No related posts.[ READ MORE ]

More Households Move into Higher Tax Brackets

As first read on Accounting Today Magazine, Online Ed. New York (March 14, 2011), Written By Michael Cohn With the tax benefits of the 2009 stimulus ebbing, the tax burden is pushing slowly higher and is now at its highest level in two years, according to Deloitte. As the economy improves, more households are pushed Related posts:

  1. Accountants Can Promote Taxpayer Savings Through Savings Bonds Originally posted on the Intuit ProAdvisor Newsletter - February 23rd 2011,...
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First-Time Homebuyer Credit – 2009 – Extended and Enhanced

First-time homebuyer credit is a huge benefit in 2009 compared to the credit for Related posts:

  1. First-Time Homebuyer Credit – 2008 version The good news of a TAX CREDIT for first time...
  2. FBAR – 8/7/2009, extended deadline to 6/30/2010 FBAR – Report of Foreign Bank and Financial Accounts, Form...
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To Incorporate or not to incorporate?: that is the question.

Choosing the correct business form can be a difficult task. As a CPA, I see new businesses every year.  Some could be operated more efficiently in a different business form.  This Blog will go through some of the characteristics of the various business forms and help to identify the best form for your business Related posts:

  1. 2010 Year End Tax Planning – Businesses If you are like most businesses, your year end is...
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2010 Year End Tax Planning – Businesses

If you are like most businesses, your year end is December.  That gives you a month to plan for the year end taxes. Here is a summary check list of areas to address for begin the year-end planning process: Is business up or down compared to last year? How are the margins this year compared Related posts:

  1. 2010 Year End Tax Planning – Individuals September and October is the perfect time to begin tax...
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Fake IRS Notice – “Unreported/Underreported Income”

Please take note of this:  I have been getting these for almost a month, and normally a couple of times a day.  The sender is Internal Revenue Service.  The e-mail is titled, “Notice of Underreported Income”. This is the body of the e-mail No related posts.[ READ MORE ]

Andersen CPA Website continues to update

Thanks again for all your patience as we continue to upgrade our site.  You will find the latest accounting news, tips and more here coming soon so be sure to subscribe to our feed Related posts:

  1. Andersen CPA Updates Website Welcome to andersencpa.com, please excuse our mess we are working...
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