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1099's - New Questions on all Business Returns - Attempt to Improve ComplianceJan 13,2012
As most of us know, Congress has been trying to close the so-called “tax gap”, the difference between what the IRS estimates taxpayers owe for a year and the amount the IRS actually collects, for years.
In 2010, it passed new 1099 fili ... More »
IT'S OFFICIAL - THE BURDENSOME 1099 LAW REPEALEDMay 24,2011
President Signs 1099 Repeal into Law. President Obama signed legislation on April 15th, repealing the expanded 1099 reporting requirements in the health care reform law and Small Business Jobs Act. ... More »
Tax ReliefDec 20,2010
The recently enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate tax relief, a two ... More »