THE BEST WAY TO REPORT PAYROLL TAXES

The best way to report payroll taxes. In IRS bulletin IR-2022-103, the IRS put out information useful for small business owners who have to report payroll taxes. They urged small businesses to take advantage of the accuracy, speed and convenience of filing their payroll tax returns and making their tax payments electronically online. During National […]

CONFIDENTIALITY OF TAX RETURN INFORMATION

Confidentiality of tax return information. We are often asked by clients about the information that they provide us, and whether it is confidential. Let us provide you with some of the IRS guidelines for Tax Professionals that discuss the measures needed to safeguard a person’s tax return and other tax related information. Internal Revenue Code […]

FEDERAL COURT REJECTS REPORTING CHANGE

Federal court rejects reporting change. In our ongoing series of articles designed to cover any Tax Court issues, we need to mention that the IRS no longer wishes to require tax exempt organization to report information about their substantial financial donors. It must follow a proper notice and comment process, a federal court in Montana […]

TAX BILL MIXED REVIEW

Tax bill mixed review. The recently passed tax bill is a real mixed review when it comes to constituencies trying to figure out if they are winners or losers under the bill. Once the bill was thoroughly analyzed it became apparent that not every group was going to be happy, and some might be quite […]

ROTH 401K FOR IRS TAXES

Roth 401k for IRS taxes. If you are looking forward to a retirement spent paying hefty tax bills, a trend called the Roth 401 K has developed to help buy your ticket to happiness. Once you turn age 70 and a half, you are forced to start taking money out of your retirement plan, the […]