Monthly Archives: May 2011

Substitute for Returns (SFRs) – IRS files for you!

The only way for the IRS to get after NON-FILERS is to take the documents filed with them: 1099s and W2s, .e.g., and create returns WITHOUT any deductions.  IRS doesn’t know about your all your deductions… so they have assume … Continue reading

Posted in General, Income Tax | 2,554 Comments

Taxpayer Beware – IRS does not email

The IRS does not send taxpayers unsolicited e-mails about their tax accounts, tax situations, or personal tax issues.If you receive such an e-mail, it’s a scam.

Posted in Ask Question or Comment, General, Income Tax, International Taxation, LLC's, Payroll Tax, Retirement Accounts, Sub S Corporations | 119 Comments

Minimum Wage 2011

For wages earned starting 6/1/2011 Florida employers must start paying their employees $7.31 per hour. This is an increase of $.06 over the current minimum wage of $7.25 per  hour.  Tipped employees must be paid an hourly rate of $4.29 … Continue reading

Posted in General, Income Tax, LLC's, Payroll Tax, Sub S Corporations | 3,518 Comments