2016 Rates – 2017 Limits

TAX RELATED INFORMATION FOR CERTAIN 2016 ADJUSTMENTS AND 2017 TRANSACTIONS Form 1099-MISC and related backup withholding for 2016 & 2017: Federal 1099-MISC Information Forms must be completed by January 31, 2017 for certain payments of $600 or more made during 2016 … Continue reading →

2015 Rates – 2016 Rates

TAX RELATED INFORMATION FOR CERTAIN 2015 ADJUSTMENTS AND 2016 TRANSACTIONS Form 1099-MISC and related backup withholding for 2015 & 2016: Federal 1099-MISC Information Forms must be completed by February 1, 2016 for certain payments of $600 or more made during 2015 … Continue reading →

2014 Rates – 2015 Limits

TAX RELATED INFORMATION FOR CERTAIN 2014 ADJUSTMENTS AND 2015 TRANSACTIONS Form 1099-MISC and related backup withholding for 2014 & 2015: Federal 1099-MISC Information Forms must be completed by February 2, 2015 for certain payments of $600 or more made during 2014 … Continue reading →

Taxability of hobby activities

Here are ten tax tips you should know about hobbies: Taxability of Hobby Income.  You must report as Miscellaneous Income on your personal income tax return, Form 1040, all income you earn from a hobby, regardless of expenses incurred to … Continue reading →

Ten things to know about the Taxpayer Advocate Service

1. The Taxpayer Advocate Service (TAS) is an independent organization within the IRS and is your voice at the IRS. 2. It helps taxpayers whose problems are causing financial difficulty. This includes businesses as well as individuals. 3. You may be eligible … Continue reading →

Top Ten Major Donor Fundraising Trends for 2014-2015

For our nonprofit clients, here is a link to an excellent article on the Top Ten Major Donor Fundraising Trends for 2014-2015.  This article was published on GuideStar.  We are not affiliated in any way with GuideStar and are not … Continue reading →

Ten tips if you owe taxes

If you owe federal taxes that were not paid there are ten things you should know about what to do: Pay your tax bill in full as soon as possible. When you have a balance due on a tax return or … Continue reading →

Phone & Internet Scams re IRS

Based on the 90,000 complaints that the Treasury Inspector General for Tax Administration (TIGTA) has received through its telephone hotline, to date, TIGTA has identified approximately 1,100 victims who have lost an estimated $5 million from scams originating as unsolicited calls … Continue reading →

Job Hunting Expenses

Many people change their job in the summer. If you look for a new job in the same line of work, you may be able to deduct some of your job hunting costs. Here are ten tax facts you should … Continue reading →

Taxpayer Bill of Rights

BACKGROUND: A taxpayer survey conducted for the Taxpayer Advocate Service (TAS) in 2012 found that fewer than half of U.S. taxpayers believe they have rights before the IRS, and only 11 percent said they know what those rights are. On … Continue reading →