Archive for the ‘ Uncategorized ’ Category

Eight Facts on Penalties For Filing Late Tax Returns – Tax Year 2010

Eight Facts on Penalties For Filing Late Tax Returns – Tax Year 2010 When it comes to filing a tax return – or not filing one – the IRS can assess a penalty if you fail to file, fail to pay or both. Here are eight important points the IRS wants you to know about theRelated posts:

  1. If I have off-shore money, can the IRS take all of my money? August 28, 2009 – If I have off-shore money, can...
  2. 2010 Year End Tax Planning – Businesses If you are like most businesses, your year end is...
  3. 2010 Year End Tax Planning – Individuals September and October is the perfect time to begin tax...
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Requirements for Federal Tax Return Preparers – Presented by the Return Preparer Office

Requirements for Federal Tax Return Preparers Presented by the Return Preparer Office Date: March 30, 2011 Time: 2 p.m. Eastern This FREE broadcast is for: • All Paid Tax Return Preparers Since Jan. 1, 2011, a new registration requirement has been in place for federal tax return preparers. View this broadcast to hear about: •Related posts:

  1. Seven Tips About Rental Income and Expenses IRS Tax Tip 2011-45, March 4, 2011 Do you rent...
  2. 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...
  3. Rebel Without a Cause: Prisoner denied Earned Income Credit The following is an article in the March edition of the Nat’l Association...
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Revenues Sink 2% at Top 100 Firms

(The Accounting Today Top 100 Firms, 2011 edition) So, when’s the rebound? The revenue decline is the second in a row for the profession’s largest firms, prompting Accounting Today managing editor Daniel Hood to liken the conditions to a “deep freeze.” Although the top-line shrinkage is slowing, firms continue to cut back partners and staff.Related posts:

  1. Enron Whistleblower Scores $1.1M Reward from IRS Accounting Today Magazine Online, Washington, D.C. (March 15, 2011);  Written By:...
  2. Seven Tips About Rental Income and Expenses IRS Tax Tip 2011-45, March 4, 2011 Do you rent...
  3. Accountants Can Promote Taxpayer Savings Through Savings Bonds Originally posted on the Intuit ProAdvisor Newsletter - February 23rd 2011,...
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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 newRelated posts:

  1. Fake IRS Notice – “Unreported/Underreported Income” Please take note of this:  I have been getting these...
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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 pushedRelated posts:

  1. Accountants Can Promote Taxpayer Savings Through Savings Bonds Originally posted on the Intuit ProAdvisor Newsletter - February 23rd 2011,...
  2. First-Time Homebuyer Credit – 2009 – Extended and Enhanced First-time homebuyer credit is a huge benefit in 2009 compared...
  3. Payroll Tax Cut to Boost Take-Home Pay for Most Workers; New Withholding Details Now Available on IRS.gov Payroll Tax Cut to Boost Take-Home Pay for Most Workers;...
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U.S. Equal Employment Opportunity Commission (EEOC) – to Meet Tuesday on Employment of People with Mental Disabilities

PRESS RELEASE 3-10-11 http://www.eeoc.gov/eeoc/newsroom/release/3-10-11.cfm WASHINGTON – The U.S. Equal Employment Opportunity Commission (EEOC) will hold a public meeting on employment of people with mental disabilities on Tuesday, March 15, at 1:00 p.m. (Eastern Time), at agency headquarters, 131 M Street, N.E. In accordance with the Sunshine Act, the meeting is open for public observation ofNo related posts.[ READ MORE ]

Accountants Can Promote Taxpayer Savings Through Savings Bonds

Originally posted on the Intuit ProAdvisor Newsletter - February 23rd 2011, by Intuit Staff An exciting new savings opportunity is launching for the 2010 tax season. Now, through Lacerte®, ProSeries® and ProLine® Tax Online, all taxpayers can use a portion of their tax refund to buy U.S. Series I Savings Bonds. There are a lot of greatNo related posts.[ READ MORE ]

First-Time Homebuyer Credit – 2008 version

The good news of a TAX CREDIT for first time homebuyer in 2008 is now not so great.  On the 2008 tax return, a tax credit of $7,500 was seen.  In 2010, the taxpayer must start making annual repayments of $500, which continues for the next fifteen years, unless the house is sold earlierRelated posts:

  1. QuickBooks 2010 Ready for Release Every year QuickBooks release a new product.  This year the...
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QuickBooks 2010 Ready for Release

Every year QuickBooks release a new product.  This year the release is scheduled for September 28,Related posts:

  1. FBAR – 8/7/2009, extended deadline to 6/30/2010 FBAR – Report of Foreign Bank and Financial Accounts, Form...
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FBAR – 8/7/2009, extended deadline to 6/30/2010

FBAR – Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1, is extended again!  This time it is out to June 30, 2010 for FBAR reports for the years through 2008, and by then, also, 2009. This only applies to Selected people.  The selected people are those who have cominged funds, and thoseNo related posts.[ READ MORE ]

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