Monthly Archives: August 2013

2013 Gift Basket & Production Activities Deduction

There is a recent tax court case that applies to gift baskets. For a number of years there has been something called the Production Activities Deduction (PAD). It generally applies to MANUFACTURING. This tax court case may open a deduction … Continue reading

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2013 Form 1099 Late Filing Penalty

This has never been easy to explain…. here is the latest…. The penalties were increased two years ago to the following amounts: •$30 per form, or per statement, if it was corrected within 30 days (maximum $250,000 per year), •$60 … Continue reading

Posted in General | 99 Comments