Archive for 'IRS' Category
2010 New IRS Tax Laws
The 2010 mileage reimbursement rate for business, medical purposes, moving, and charity is 50 cents, 16.5 cents, 16.5 cents, and 14 cents respectively.
Home buyer tax credit (up to $8,000.00) has been expanded and extended. Individuals who previously owned a home and lived in it for five out of six years are now eligible for up [...]
Lease In Lease Out
WASHINGTON – The Court of Appeals for the Fourth Circuit today agreed with a federal district court that BB&T Corporation (BB&T) is barred from obtaining a tax refund of approximately $4.5 million. The appeals court ruled that BB&T was not entitled to any tax deductions relating to a complex leasing transaction between that company and [...]
Million Dollar Refund
May 28, 2009
FOR IMMEDIATE RELEASE
R. Alexander Acosta, United States Attorney for the Southern District of Florida, John A. DiCicco, Acting Assistant Attorney General, United States Department of Justice, Tax Division, and Daniel W. Auer, Special Agent in Charge, Internal Revenue Service, Criminal Investigation, announced that defendant Willie Bernard Cameron was sentenced today by U.S. District [...]
Jackson Hewitt
June 18, 2009
FOR IMMEDIATE RELEASE
Jeffrey H. Sloman, Acting United States Attorney for the Southern District of Florida, and Daniel W. Auer, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division, announced that defendant Aracelis Llanos, a/k/a Sally, a/k/a Yvonne Rodriguez, 30, of Miami, pled guilty today, to making and filing fraudulent tax refund claims, [...]
Independent Contractor
If you are a small business owner, whether you hire people as independent contractors or as employees will impact how much taxes you pay and the amount of taxes you withhold from their paychecks. Additionally, it will affect how much additional cost your business must bear, what documents and information they must provide to you, [...]
Social Security Benefits
How much, if any, of your Social Security benefits are taxable depend on your total income and marital status. Generally, if Social Security benefits were your only income, your benefits are not taxable and you probably do not need to file a federal income tax return.
If you received income from other sources, your benefits will [...]
Estimated Tax Payments
What is Estimated Tax? Estimated tax is the method used to pay tax on income that is not subject to withholding, such as self-employment income, interest, dividends, rents, alimony, etc. In addition, if you do not elect voluntary withholding, you should make estimated payments on other taxable income, such as unemployment income and the taxable [...]
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