Mileage Reimbursement and How to Determine the Amount
Do you or your employees use vehicles for business purposes? If so, you’ll want to know the mileage rates for 2014. (more…)
Tag: IRS
The IRS is Taking a Closer Look at Partnerships
The Internal Revenue Service’s small business unit is expecting to head in a new direction to keep up with the times. Small corporations have longtime held the spotlight of IRS audits and inquiries. But seeing that S corporations, partnerships and...Read More
Received a Notice from the IRS? Don’t Panic!
Letters from the IRS are often unexpected. Although many notices are sent to request a payment, they are also sent for a variety of other reasons as well. Specific issues concerning your account, a correction to your income or payroll...Read More
Identity Theft in Regard to your Tax Returns
As you are most likely aware, identity theft is a problem. Your tax account has the possibility of being stolen, but the IRS is working hard to protect your identity when it comes to income tax filing. Identity thieves try...Read More
Dirty Dozen Tax Schemes
The Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers can encounter. (more…)
Don’t be Scammed by Cyber Criminals
The Internal Revenue Service receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the IRS. Many of these scams fraudulently use the IRS name or logo as a...Read More
Why You Should Register for an EIN as a Sole Proprietor
An EIN (Employment Identification Number) is assigned by the IRS for businesses that have registered as any type of entity (corporation, partnership, trust, etc.). It is the number used to identify the business for tax purposes, and to allow the...Read More
Payroll Deposit Schedules
The Internal Revenue Service has very specific rules for when payroll taxes must be deposited which is determined by the tax reported during the 4 quarter lookback period (July 1 – June 30). If you reported over $50,000 in payroll...Read More
The IRS Offers Reasons to File Your Tax Return Electronically
IRS e-file: It’s safe. It’s easy. It’s time. Most taxpayers—nearly 80 percent-- file electronically. If you haven’t tried it, now is the time! The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide...Read More
Tax Tips for the Self-Employed
There are many benefits that come from being your own boss. If you work for yourself, as an independent contractor, or you carry on a trade or business as a sole proprietor, you are generally considered to be self-employed. Here...Read More