Category Archives: Ask Question or Comment

Here you can ask questions or comment…

EIC Earned Income Credit – easy to calculate?

We tell clients all the time that it is complicated and hopefully they can answer the questions correctly when they use boxed software or… ready for this… try to do it by hand!   The earned income credit is extremely … Continue reading

Posted in Ask Question or Comment, General, Income Tax, Newsletter Topics | 2,536 Comments

2012 IRS Forms (the most used ones) are almost ready for E-Filing!

WASHINGTON — The Internal Revenue Service announced today that taxpayers will be able to start filing two major tax forms next week covering education credits and depreciation. Starting Sunday, Feb. 10, the IRS will start processing tax returns that contain … Continue reading

Posted in Ask Question or Comment, General, Income Tax, LLC's, Sub S Corporations | 6,841 Comments

2013 Unemployment Tax – Florida & Federal

The FLORIDA taxable wage base for 2013 remains at $8,000.  This means the first $8,000 of each employee’s wage during the calendar year to taxed for Florida Unemployment Tax Purposes. The FEDERAL wage base for the same purpose is based on … Continue reading

Posted in Ask Question or Comment, General, Income Tax, International Taxation, LLC's, Payroll Tax, Sub S Corporations | 7,153 Comments

Currency versus Money

What is the purpose of money? What are its characteristics?  To easily exchange goods or services.  Money (the dollar bill) itself is of no value.  It is the utility of the gold or silver it represents that is of value. … Continue reading

Posted in Ask Question or Comment, General, Newsletter Topics | 3,321 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

Alimony can be used as Compensation for IRA purposes.. yup!

Taxable alimony and separate maintenance payments received by an individual are treated as compensation for IRA purposes. For a summary of what compensation does and does not include, see Publication 590 – Table 1-1 on page 4.

Posted in Ask Question or Comment, General, Income Tax, Retirement Accounts | 2,439 Comments

Ask Questions or Comment

You are welcome to ask questions or make comments.

Posted in Ask Question or Comment | 122 Comments