“The Tax Increase Prevention Act” also known as the tax extenders bill or “Achieving a Better Life Experience Act of 2014” is finally official. It amends the Internal Revenue Code to extend certain expiring tax provisions relating to individuals, businesses, and the energy sector. The extension is good through December 31, 2014 and includes more than 60 […]
The Center for Agricultural Law and Taxation from Iowa State University has published a nice article outlining the impact of the Affordable Care Act /ACA/ on S Corporation shareholders with more than 2% ownership. It should be noted that certain healthcare arrangements can subject your company to potential fines of up to $100 per day […]
Reminder of the filing due dates for 1099 and W2 forms: February 2, is the deadline for forms W-2 & 1099 copies to Recipients/Employees and forms 940 & 944 filing with the IRS. March 2, 2015 is the deadline for W-2 & 1099, if paper filing with the IRS and SSA. March 31, is the […]
The IRS identified roughly two million tax returns that were potentially fraudulent last year – up 72% from the previous year. Most people already check their credit reports on a regular basis for accuracy, however it is a good idea to check your tax and social security records as well. It’s easy and its free! […]
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