The Tax Court has held that payments made to caregivers for providing physician-ordered assistance and supervision to a patient suffering from dementia qualified [Read more…] about Payments to caregivers for assisting and supervising dementia patient are deductible medical expenses
We are always looking for ways to increase the functionality and productivity of our website (www.keysolutions.us). What’s new on our website? We are in the process of increasing the number of calculators on our site from 6 to 134. That’s right! We will soon have 134 calculators across 13 different categories. Current calculator categories include taxation, [Read more…] about Financial Calculators
Effective July 1, 2011, the 0.2% federal unemployment tax (FUTA) surtax is no longer in effect [Read more…] about FUTA Surtax Expires
In Chapter 17 of my book (co-authored with Kirk Ward), Fight The IRS! And Win!!!, How To Pay The IRS What You Can Afford, Not What You Owe!, I discuss how to choose a firm to represent you if you have IRS tax debts. I discuss how firms advertise on cable TV that they are staffed by “former IRS agents”, “former IRS Tax Attorneys and Enrolled Agents”, “who know the in’s and out’s of the IRS”, and they advertise settling with the IRS for “pennies on the dollar” and similar claims.
It was recently announced that Roni Deutch, the self-acclaimed “Tax Lady”, has closed her law firm and surrendered her legal license [Read more…] about Roni Deutch Closes Her Law Firm Amid Allegations by CA Attorney General
Employers & employees who reside in PA will both enjoy this humorous and educational 4 minute video of PA Act 32 regarding the new local earned income tax rules that become effective Jan. 1, 2012. Some counties, such as Chester County, elected to adopt the rules effective January 1, 2011, a year earlier than required. While the video was written weeks ago and is thus a little dated, it nevertheless clearly illustrates the confusion about this new law & the onerous compliance requirements.
To listen to this hilarious video, click here.
Congress, led by House Republicans, enacted legislation last week that retroactively repealed the very unpopular and expanded Form 1099 legislation that was enacted as part of the health care reform legislation passed in 2010. This is great news for (1) taxpayers (landlords) who receive rental income and (2) for all small business owners. The repealed legislation [Read more…] about Expanded Form 1099 Requirements Repealed!