Today TaxMama hears from Monty in the TaxQuips Forum, who needs help. Let me paraphrase his question. “When a corporation has net operating losses (NOL) for two years in a row, 2008 and 2009, how do you handle carrying back the NOLs?” Dear Monty, When you have a large net operating loss, you may be […]
Tag Archives: Business/Finance
WASHINGTON — The Internal Revenue Service today announced it has awarded more than million in matching grants to support its Volunteer Income Tax Assistance program.https://www.thescanfoundation.org/wp-content/languages/new/sildenafil.html Under the VITA Grant Program, the IRS awarded matching grants to 177 organizations that will offer free tax preparation services during the 2011 filing season at locations in all 50 […]
CHICAGO, Nov. 4, 2010 – Grant Thornton LLP wants to remind America that it’s the perfect time to consider some holiday season tax planning strategies as 2010 winds down. “People need to be paying special attention to their year-end tax planning in 2010,” said Justin Ransome, a partner in Grant Thornton’s Washington National Tax Office. […]
Today TaxMama hears from Jennifer in the TaxQuips Forum, with this question. “I work for a financial institution.buy veklury online www.pharmalucence.com/wp-content/languages/new/generic/veklury.html no prescription We just received an IRS subpoena ordering us to turn over 4 years of checks and statements for one of our customers. This will require a significant amount of manpower to put […]
Today TaxMama wants to discuss branding and your business.
Addendum – about debt relief in 2020: Bankrate recently published a guide, “How long can a debt collector pursue old debt?” which would be a great addition to that page, as it highlights what you need to know about old debt collection. Their guide was created using insight from experts to help those struggling with […]
WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will either remain unchanged, or the inflation adjustments for 2011 will be small. Highlights include:
For Investors, Reporting Gains and Losses Gets Easier Starting in 2011 WASHINGTON — The Internal Revenue Service today issued final regulations under a law change that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later […]
Today TaxMama hears from Cinda in the TaxQuips Forum with a quickie question. “I bought a company and with it came $72,310 worth of outstanding debt. How should I initially set this up and how would I track the payments I make towards these payables? The payments are an expense correct?https://www.topsedu.xyz/wp-content/languages/new/essay-help.html ”
Will you be able to identify the tax issues and provisions that may impact your clients’ tax returns? Make sure you understand all the key tax changes effective in 2010 by attending this highly-rated Federal Tax Update webcast series from CPE Link. Delivered in four 4-hour sessions, this highly entertaining program will be team taught […]
How to Report and Identify Phishing, E-mail Scams and Bogus IRS Web Sites The IRS does not initiate taxpayer communications through e-mail. The IRS does not request detailed personal information through e-mail. The IRS does not send e-mail requesting your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts. […]
Today TaxMama hears from Rawan in the TaxQuips Forum who tells us, “I closed my business in September. I was wondering if I need to close my business checking account before I file my final 1120S form?http://www.redmagicstyle.com/wp-content/languages/new/strattera.html ”