Author's articles

Unemployment Taxes

By Sandi Lattin · 13 years ago

Businesses hit hard by the recession during the past two years are in for the tax system's version of a follow-up sucker punch in 2010. In 35 states, the rate for unemployment taxes will rise ...

The IRS has released instructions to help employers implement the 2011 cut in payroll taxes, along with new income-tax withholding tables that employers will used during 2011. Millions of workers will see their take-home pay ...

Filing Taxes Online

By Sandi Lattin · 13 years ago

For tax planning, the only certainty is uncertainty. Below are the current updates to the 2010-2011 Tax season that effective for 2010. At this time there is uncertainty as to what other tax law changes ...

Federal Tax Filing

By Sandi Lattin · 13 years ago

With Congress enacting six new tax laws in 2010, compared to only two in 2009, U.S. Taxpayers have never needed more help from their tax professionals then they do this tax season. Clients are understandably ...

Agricultural Tax Tips

By Sandi Lattin · 13 years ago

If your deductible loss from operating your farm is more than your other income for the year, you may have a net operating loss (NOL). You may also have an NOL if you had a ...

Self-Employed Individuals

By Sandi Lattin · 13 years ago

Who is Self-Employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of ...

Late Tax Breaks

By Sandi Lattin · 13 years ago

Following last week's tax law changes, the Internal Revenue Service announced today the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to wait until ...

Tax Liens

By Sandi Lattin · 13 years ago

The Advocate's continuing concern that IRS collection practices inflict unnecessary harm on financially struggling taxpayers and fail to achieve the IRS's overriding objective of increasing long-term voluntary compliance with the tax laws. "Tax collection requires ...

Tax Liability

By Sandi Lattin · 13 years ago

Tax Breaks reduce average tax liability by about $8,000 per return. A TAS analysis found that, on average, the tax liability of each individual who files a federal tax return is reduced by about $8,000 ...

Annual Report for Congress

By Sandi Lattin · 13 years ago

National Taxpayer Advocate Nina E. Olson today released here annual report to Congress, identifying the need for tax reform as the number one priority in tax administration. The Advocate expressed continuing concern that the IRS's ...

2011 Stimulus Plan

By Sandi Lattin · 13 years ago

President Obama has reached an agreement with Republicans in regards to what could be called the "2011 Stimulus Plan". The tax reduction and spending agreement is broad based. It will benefit the whole economic spectrum ...

New Tax Laws

By Sandi Lattin · 13 years ago

Senators have finally struck a deal on a revamped, $780 billion economic stimulus package (originally $819 billion), paving the way for the stimulus bills passage and allowing President Barack Obama to implement his plans for ...

New 2010 Tax Changes

By Sandi Lattin · 13 years ago

Before you file 2010 taxes in Spring of 2011, you should carefully examine the individual tax return instructions for important changes. In the 2009 instructions for Form 1040, the IRS listed many changes to expect ...

Tax Cut Deal

By Sandi Lattin · 13 years ago

Now that the President has signed the Tax Hike Prevention Act of 2010, taxpayers will have some certainty about their tax situation, if only for the next 24 months. Here is a list of some ...

Will Bush-Tax Cuts Be Extended?

By Sandi Lattin · 13 years ago

President Obama proposed a compromise on Monday on the political issues of tax cuts. He described an agreement that would extend all of George W. Bush's reductions that are set to expire the end of ...

Do I Need to File a Federal Income Tax Return?

By Sandi Lattin · 13 years ago

Many people will file a 2010 Federal Income tax return even though the income on the return was below the filing requirement. The questions below will help you determine if you need to file a ...

Most Common Abusive Tax Schemes

By Sandi Lattin · 13 years ago

Tax evasion using foreign jurisdiction is accomplished using many different methods. Some can be as simple as taking unreported cash receipts and personally traveling to a tax haven country and depositing the cash into a ...

IRS Seeks to Return $164.6 Million in Undelivered Checks to Taxpayers

By Sandi Lattin · 13 years ago

The IRS is looking to return $164.6 million in undelivered refund checks. A total of 111,893 taxpayers are due one or more refund checks that could not be delivered because of mailing address errors. IRS ...

Many Paid Preparers Must E-file Federal Income Tax Returns

By Sandi Lattin · 13 years ago

The IRS today explained how, starting January 1, 2011, paid tax return preparers can comply with a new law that requires paid tax return preparers who meet the definition of "specified tax return preparer" under ...

All Is Not Lost! Tax Payment Options

By Sandi Lattin · 13 years ago

No need to stress over making sure all of your taxes are paid on time, for those who qualify you may be able to make payments on your taxes due. There are various options for ...