Avoid the Rush: Request Your IRS Transcripts Online Today It's a Good Idea to Obtain a Copy of Your IRS Tax Return Transcripts - You Never Know When You Will Need Them Most taxpayers maintain … [Read more...] about Get IRS Transcripts Now
tax resolution
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
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
IRS Changes Back-Up Withholding Rate
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