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Results for Business

New 1099 questions on 2011 tax returns are a cause for concern

February 13, 2012

The IRS is on a mission to find those individuals and businesses who are not reporting all of the income they receive.  To increase their odds of finding the under-reporters, they are employing two techniques.  First, they posted two new questions on every business or re...

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Accepting Credit Cards Will Pose Reporting Issues for Businesses

November 13, 2011

In 2008 President Bush signed into law a bill known as The Housing Assistance Tax Act of 2008. This bill put into place billions in tax incentives, including the more highly published first-time homebuyer credit.  In the middle of this bill was a new requirement ...

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Big Depreciation Deductions-Take Them While You Can!

October 24, 2011

Businesses in the know are enjoying unprecedented depreciation deductions for qualifying asset purchases.  Unfortunately, these historic deductions are currently set to expire at the end of the 2011.  We will highlight some planning ideas here, and would be ...

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Domestic vacation travel on Uncle Sam? It is possible

June 18, 2011

It's that time of year when many people start traveling on vacations.  Wouldn't it be nice to write that trip off?  It is possible if the primary reason for the trip is business related.  Unfortunately the IRS doesn't define "primary" but if the number days spent on business exceed...

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