IRS Changes Back-Up Withholding Rate IRS Issues Publication 1281 Effective January 1, 2018, the 2017 Tax Cuts and Jobs Act reduced the backup withholding rate from 28 percent to 24 percent. If you … [Read more...] about IRS Changes Back-Up Withholding Rate
tax planning
Contemporaneous Mileage Log Book
Contemporaneous Mileage Log Book No Mileage Log Book = Lost Tax Deduction Business owners who use a vehicle in their business are required by the IRS (and the courts) to substantiate their … [Read more...] about Contemporaneous Mileage Log Book
New Jersey and Pennsylvania Reaction to Wayfair Decision on Nexus Thresholds
New Jersey and Pennsylvania React to Wayfair Decision on Nexus Thresholds NJ & PA React to U.S. Supreme Court Wayfair Decision Our July 24, 2018 blog alerted our readers to the U.S. Supreme … [Read more...] about New Jersey and Pennsylvania Reaction to Wayfair Decision on Nexus Thresholds
Utilities – PA DOR Continues Assault on Home Office Deduction
Utilities - PA DOR Continues Assault on Home Office Deduction PA Dept. of Revenue’s Revised Onerous Requirement for Reporting Sales Tax on Utilities In our March 17, 2015 posting, we discussed … [Read more...] about Utilities – PA DOR Continues Assault on Home Office Deduction
How Much Do You Charge to Prepare a Simple Tax Return?
How Much Do You Charge to Prepare a Simple Tax Return? Is There a Hidden Message in this Question? Penny Wise and Dollar Foolish Thoughts With each passing week as the April 15 due date … [Read more...] about How Much Do You Charge to Prepare a Simple Tax Return?
Form 1099 Considerations for Landlords Who Hire Rental Property Contractors
Form 1099 Considerations for Landlords Who Hire Rental Property Contractors Is Your Rental Property an Investment or Is It a Business? If you own rental real estate, you need to address whether you … [Read more...] about Form 1099 Considerations for Landlords Who Hire Rental Property Contractors