There were a number of important tax developments in the fourth quarter of 2011. Be sure to consult your trusted tax advisors if any of these apply to you.
Posts Tagged: income tax
Employee or Independent Contractor? Your Chance to Come Clean
Whether you are an employer of thousands or an employer of one, you could be sitting on a tax powder keg. Here is some helpful guidance.
From THE LOS ANGELES TIMES (SEPT 16, 2010): SENATE APPROVES OBAMA’S SMALL-BUSINESS AID PACKAGE
Last week, on a 61-38 vote, lawmakers pass the bill, which would create a $30-billion small-business lending fund and give $12 billion in tax breaks to encourage companies to invest and hire. This wee, the bill passed the House 237-187. President Obama is expected to sign shortly.
From REUTERS (SEPT 15, 2010): PERSONAL FINANCE: THE YEAR-END TAX PLANNING CHALLENGE
Congress and the White House are busy jockeying for position on whether — and for how long — to extend the Bush income tax cuts that expire at the end of this year. It’s time for you to get busy, too. With just a little more than three months left in 2010, you’ve got to make sure your own tax situation is in order.
From THE IRS (AUG 31, 2010): YOUR GUIDE TO AN IRS AUDIT
The Internal Revenue Service has launched a new online video series, Your Guide to an IRS Audit, to help small business taxpayers and their tax preparers better understand the IRS audit process.
Estate Tax Reform Falls Through – Again
The federal estate tax is probably with us for the long term, but Congress is keeping us in the dark as to what the rules are going to be. Proper planning is absolutely critical in this time of uncertainty.
Tax Planning for Parents of Special Needs Children
Timely information for parents of special needs children