Effective July 1, 2011, the 0.2% federal unemployment tax (FUTA) surtax is no longer in effect [Read more…] about FUTA Surtax Expires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Congress, led by House Republicans, enacted legislation last week that retroactively repealed the very unpopular and expanded Form 1099 legislation that was enacted as part of the health care reform legislation passed in 2010.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 The repealed legislation [Read more…] about Expanded Form 1099 Requirements Repealed!
Act 32 was enacted in 2008 with the objective of consolidating the collection of the local earned income tax (EIT) on a county-wide basis. PA (excluding Philadelphia) was streamlined from about 560 tax collectors into 69 Tax Collection Districts (TCD). Each TCD is controlled by a Tax Collection Committee (TCC). For years taxpayers and tax practitioners have been complaining about the inconsistency as to how the EIT was enforced by the tax collectors and local tax jurisdictions. Some collectors and tax jurisdictions made up their own rules and refused to follow case law. Some jurisdictions would not accept a generic EIT form or even a photocopy of their EIT return. The outcry of injustice became so loud that Act 32 was enacted to improve the collection process.
Act 32 affects all PA resident employees and every PA employer [Read more…] about PA Local Earned Income Tax – Act 32: What Is It, When Is It Effective & Who Does It Affect?
A business client recently shared with me that a prospective employee expressed an interest in being hired and eventually terminated. Why would someone seeking employment want to be terminated? The explanation was [Read more…] about Why Your Company’s 2011 Federal & State Unemployment Rate Will Increase