Blog Entries - 2012

If an IRS Employee/Agent Shows Up at Your Door

Posted on: October 23, 2012 3:00 pm
Tags: Irs revenue agent tax representation
An increasing number of IRS employees/agents are showing up at taxpayers’ homes and businesses unannounced and unscheduled. The doorbell rings and there he or she is. What do you do? What to do? This can be very intimidating and unnerving to the read more …

Identity Theft and the IRS

Posted on: October 1, 2012 7:00 am
Tags: Identity theft irs pin phishing refund
Identity theft is what happens when someone uses another person’s personal information without their permission to commit fraud or other crimes.  Usually it involves using the victim’s name, Social Security number or other personal read more …

Revenue Neutral Tax Reform

Posted on: September 21, 2012 9:00 am
Tags: Tax reform
Income Tax Reform – creates a strong response in everyone doesn’t it?  There are currently several commercials airing by the presidential candidates that attack the other candidate’s plan.  What should American voters’ read more …

How to Extract Cash From Your Corporation

Posted on: August 29, 2012 11:27 am
Tags: Cash corporation benefits dividend loan tax property
Who doesn’t love cash?  We all need and want it.  Business owners/shareholders often struggle as to when and how to best pull money out of their corporation for personal needs.  While we can’t always help with the read more …

Tax Implications of the 2010 Healthcare Act

Posted on: July 23, 2012 3:32 pm
Tags: Tax medicare investment income medical fsa healthcare
The Supreme Court recently ruled the 2010 Healthcare Act to be constitutional.  What does this mean in regards to your taxes? They are going up!  And they are going up as soon as 2013, barring a Republican victory in the November election that read more …

Corporations Should Consider Paying Dividends in 2012 Before Tax Rates Go Up!

Posted on: May 22, 2012 8:00 am
Tags: Corporations dividends tax rates businesses
We want to alert corporate business owners to tax planning opportunities that exist this year that will allow them to tap into the hard-earned cash of their business at historically low tax costs. Normally, dividend treatment is something to avoid because of read more …

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

Posted on: February 13, 2012 5:00 pm
Tags: 1099 business contractors
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 read more …

Tax changes for 2012: The Good, the Bad and the Ugly

Posted on: January 15, 2012 9:39 am
Tags: Tax 2012 changes depreciation basis credit veteran adoption amt
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 read more …