If You Purchase Goods on the Internet, Don't Be Surprised If You Receive a "Dear John" Letter from the Vendor PA Dept of Revenue Initiative, along with Supreme Court Decision in Wayfair, Is Closing … [Read more...] about PA Dept of Revenue Initiative Causes Vendors to Send “Dear John” Letters to PA Residents
S CORP Shareholder-Employee Form 1099 or W-2?
S CORP Shareholder-Employee Form 1099 or W-2 Can a Shareholder-Employee of an S Corp Be Issued a Form 1099-MISC? You Need to Understand the Tax Consequences When an Owner of S Corp. Improperly … [Read more...] about S CORP Shareholder-Employee Form 1099 or W-2?
New Medicare Cards
New Medicare Card Mailing Is Complete New Medicare Cards Have Been Issued, These Action Steps Need To Be Taken In our June 5 2018 blog posting, we discussed that Medicare recipients were going … [Read more...] about New Medicare Cards
Tis the Season to Avoid Ghosts
Tis the Season - Avoid Ghosts Don't Be a Victim - Avoid Ghost Tax Preparers The IRS refers to unethical tax preparers as ghosts. You see them; they prepare your tax return; and then … [Read more...] about Tis the Season to Avoid Ghosts
Are Meals Deductible By a Business?
Are Meals Deductible By a Business? Tax Cuts & Jobs Act Changed the Rules: Are Business Meals Non-deductible, 50% Deductible, or 100% Deductible? Background Effective … [Read more...] about Are Meals Deductible By a Business?
Schoolteacher Assessed $800,000 FBAR Penalty
When your tax professional inquires if you had an interest in or controlled one of more foreign accounts with an aggregate value above $10,000 at any time during the calendar year, give this question … [Read more...] about Schoolteacher Assessed $800,000 FBAR Penalty
