18. March 2011 by admin.

Did  you donate any non-cash items?

Name and address of organization.  Date(s) of donation(s).

If multiple dates to same charity, you can just say “various”.

General description of what was donated, (clothing, household, furniture, etc).

Thrift shop value of donation.   This link from our website may help you determine this:

http://usataxhelp.com/taxtopics/donations-non-cash-value-salvation-army-guide

Posted in Income Tax, General | 1 Comment »

18. March 2011 by admin.

IRPAC (Information Reporting Program Advisory Committee) was established in 1991 as a result of an administrative recommendation contained in the final conference report for the Omnibus Budget Reconciliation Act of 1989.  The recommendation suggested that the IRS consider “the creation of an advisory group of representatives from the payer community and practitioners interested in the Information Reporting Program (IRP) to discuss improvements to the system.”

Posted in Payroll Tax, Newsletter Topics, Retirement Accounts, International Taxation, Sub S Corporations, Income Tax, LLC's, General | 1 Comment »