Submitted by admin on Mon, 05/06/2013 - 17:38
The IRS recently released a helpful video on their YouTube channel.
This video explains how to use their Withholding calculator to get your withholding just right.
If you are a wage earner this video and the calculator will help you understand how it all works.
Submitted by admin on Fri, 01/25/2013 - 11:53
Recently, Val-U-Corp, a Resident Agent in Carson City Nevada, moved to the Ferris Mansion. Since we have been happily subletting from them for about the last 10 years and were able to, we moved with them.
Submitted by admin on Tue, 01/08/2013 - 15:27
Filing 2012 Tax Returns
Because of the need for more extensive form and processing systems changes people claiming residential energy credits, depreciation of property or general business credits won't be able to start filing until late February or into March.
If you are self employed these delays will probably affect you!
The IRS says: Most of those in this group file more complex tax returns and typically file closer to the April 15 deadline or obtain an extension.
Submitted by admin on Tue, 09/04/2012 - 12:21
The Taxpayer Advocate Service is cutting down on its caseload.
The IRS said, “The Taxpayer Advocate Service (TAS) is designed to be a "safety net" for taxpayers who are experiencing problems with the IRS. However, ime, it must focus on cases where it can add the most value.”
TAS plans to focus on these four categories:
Submitted by admin on Fri, 08/03/2012 - 12:27
If you are self employed or have income from sources other than Wages you may want to make estimated tax payments.
Here is a cute video from the IRS on Youtube with somevery general info about this subject. If you have more specific questions give us a shout.
Submitted by admin on Fri, 08/03/2012 - 12:15
The IRS has created a page on their web site that has they say is "a one-stop resource for information" for Small Business and Self-Employed.
You can find forms, find out how to apply for an Employer ID number (EIN), and learn about many topics that are relevant to starting and running a small business as a Sole Proprietor.
Hopefully they will keep it current and up to date.
Give us a call if you have any questions about what you read.
Submitted by admin on Fri, 08/03/2012 - 12:04
What kind of Bookkeping system do you need?
Do you need to use a Double Entry system?
Submitted by admin on Sat, 06/30/2012 - 17:00
The IRS issued a bulletin and Revenue ruling that might answer many questions you have on tips.
Did you know that when a restaruant imposes a minimum tip that technically it is not a tip but a service charge?
Submitted by admin on Sun, 06/24/2012 - 17:00
The IRS has published a FAQ about taxing Same Sex Couples.
It is in a relatively easy to understand Q&A format so if you have questions this may be the place to find the answers.
Submitted by admin on Mon, 08/22/2011 - 15:34
States are continuing to increase their efforts to collect Use Tax on items that individuals buy from out of state sellers. When an individual buys stuff on the internet or mail order and the seller is from another state Sales Taxes are often not paid by the buyer or collected by the Seller.