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Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement

Dec

16,2011

Issue Number:    IR-2011-121 Inside This Issue Plan Now to Get Full Benefit of Saver’s Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement  WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2011 and the years ahead,

IRS Offers Tips for Year-End Giving

Dec

15,2011

Issue Number:    IR-2011-118 Inside This Issue IRS Offers Tips for Year-End Giving WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following: Special Charitable Contributions for Certain IRA Owners

There are 3 things in life I don’t care to do…Dust, Dust and Dust!

Dec

9,2011

There are 3 things in life I don’t care to do…Dust, Dust and Dust! I contacted Capital Area Cleaning to help me out and what I received was a fresh, clean and relaxing home. I keep a tidy place, however it’s all in the details that counts. CAC cleaned baseboards,

IRS Steps Up Enforcement with DOL and State Authorities

Dec

7,2011

IRS Steps Up Enforcement with DOL and State Authorities BEWARE! The IRS has begun a coordinated effort of enforcement and sharing information with the DOL (Department of Labor) and state authorities. A U.S. Department of Labor study found that as many as 50 percent of businesses misclassified employees as independent

DT Outsourcing is a great resource…

Nov

30,2011

DT Outsourcing is a great resource for the small businesses that just can’t do it all in regards to bookkeeping and payroll. Lysa Saavdera, Savvy and Social  

Donna and Beverly at DT Outsourcing are expertly…

Nov

30,2011

Donna and Beverly at DT Outsourcing are expertly handling all of our accounting,… bookkeeping and tax needs. Blue Dragon Plumbing has no worries!                    Juliet Jimenez, Blue Dragon Plumbing

IRS Seeks to Return $153 Million in Undelivered Checks to Taxpayers; Recommends e-file, Direct Deposit to Avoid Future Delivery Problems

Nov

30,2011

Issue Number:    IR-2011-113 Inside This Issue IRS Seeks to Return $153 Million in Undelivered Checks to Taxpayers; Recommends e-file, Direct Deposit to Avoid Future Delivery Problems    WASHINGTON — In an annual reminder to taxpayers, the Internal Revenue Service announced today that it is looking to return $153.3 million in undelivered

Accrual Method Filers – Bonus Deductions

Nov

29,2011

Issue Number:    RR-2011-29 November 9, 2011 Accrual Method Filers – Bonus Deductions Revenue Ruling 2011-29 allows an employer using an accrual method of accounting to take a deduction in the current year for a fixed amount of bonuses payable to a group of employees even though the employer does not know

IRS Issues Procedures on Business Trip Per Diem vs Actual Expenses

Nov

29,2011

Issue Number:    RP-2011-47 & N-2011-81 September 30, 2011 IRS Issues Procedures on Business Trip Per Diem vs Actual Expenses Revenue Procedure 2011-47 provides rules for employees, volunteers, and partners who are reimbursed for lodging, meals, and incidental expenses, or meals and incidental expenses only, while traveling away from home, to substantiate

IRS Issues Guidance on Tax Treatment of Cell Phones; Provides Small Business Recordkeeping Relief

Nov

29,2011

Issue Number:    IR-2011-93 September 14, 2011 IRS Issues Guidance on Tax Treatment of Cell Phones; Provides Small Business Recordkeeping Relief  WASHINGTON — The Internal Revenue Service today issued guidance designed to clarify the tax treatment of employer-provided cell phones. The guidance relates to a provision in the Small Business Jobs Act