How the tax law changes that became effective on January 1, 2013 will affect you will depend upon the amount of income you earn. If your income is $200,000/$250,000 (single/married filing jointly … [Read more...] about 2013 TAX LAW CHANGES BY INCOME LEVEL
Archives for May 2013
REASONABLE COMPENSATION PAID TO CORPORATE SHAREHOLDER-EMPLOYEES
All corporations are required to pay their shareholder/employees a reasonable compensation. One of the challenges facing corporations is how to determine reasonable compensation for these individuals, … [Read more...] about REASONABLE COMPENSATION PAID TO CORPORATE SHAREHOLDER-EMPLOYEES
BLOG POSTING PROBLEM?
It has come to our attention that there has been a problem with the feed on our blog page. If you have not received a blog from us in the past couple of weeks, we suggest that you log into our blog … [Read more...] about BLOG POSTING PROBLEM?
EMPLOYERS MUST USE NEW I-9 FORM IMMEDIATELY!
The Department of U.S. Citizenship and Immigration Services (USCIS) has released a revised Form I-9. This revised form is required to be immediately used by employers to … [Read more...] about EMPLOYERS MUST USE NEW I-9 FORM IMMEDIATELY!
IRS DENIES TAX DEDUCTIONS – LESSONS TO BE LEARNED
John and Marcella McCormack v. Commissioner, Docket No. 25758-11S, filed in February 11, 2013 is a good example of how taxpayers lose tax deductions and are assessed penalties by the IRS. The couple … [Read more...] about IRS DENIES TAX DEDUCTIONS – LESSONS TO BE LEARNED