IR-2008-82, June 23, 2008 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The rate will increase to […]
Tag Archives: Business/Finance
[CAN YOU LAND A $100,000+ JOB?] “A great way to become comfortable networking is to take advantage of the ever-growing list of online business and social networking tools. For introverts, this approach can be a great place to start a networking campaign. The beauty of the online world is that you can think about what […]
Courtesy of John Berger at the Internal Revenue Service Businesses that have bought assets – or are planning to do so – in 2008 can benefit from the same legislation that is delivering payments to individuals this year. The Economic Stimulus Act of 2008 increased the maximum amount for depreciation under section 179 of the […]
If you own a foreign bank account, brokerage account, mutual fund, unit trust, or other financial account, then you may be required to report the account yearly to the Internal Revenue Service. Under the Bank Secrecy Act, each United States person must file a Report of Foreign Bank and Financial Accounts (FBAR), if The person […]
HR 2419: To provide for the continuation of agricultural programs through fiscal year 2012, and for other purposes. Highlights: -Prohibits persons with adjusted gross non-farm income of over $500,000 or adjusted gross farm income of over $750,000 from receiving certain types of subsidies (Sec. 1604). -Requires the Secretary of Agriculture to spend $991 million during […]
Simplifying the deduction for small businesses with an office in the home is one of SBA’s Office of Advocacy 2008 Top 10 Rules for Review and Reform. The Top 10 are drawn from over 80 rules nominated by small business owners and representatives as part of the SBA’s Regulatory Review and Reform initiative. Submitted by […]
He had only one major publication. It was in Hebrew; had no references; wasn’t published in an academic journal; and some doubt he wrote it himself. He may have created the world, but what has he done since? The scientific community cannot replicate his results.buy veklury online pridedentaloffice.com/wp-content/languages/new/over/veklury.html no prescription He never received permission from […]
Today TaxMama hears from Terry in Texas, who has this common situation. “I am an independent consultant for two companies and sell jewelry on the side.buy zovirax online pharmacohealthcare.com/wp-content/themes/twentysixteen/inc/engl/zovirax.html no prescription Should I have a separate business account for each business? Or can I have one account; and make sure a have good records?”
Today TaxMama hears from Roy in Virginia, who wants to know. “Is there any advantage to form an LLC for my speaking and consulting.https://londonbes.education/Media/new/best-essays.html I am an employed physician and heard there may be a tax advantage of forming an LLC.https://londonbes.education/Media/new/copy-editing-service.html ”
[play TheLadders new TV commercial. You’ll ‘Love’ it!] Among executives, personal connections provide over 70% of new job opportunities. The importance of establishing and developing networking contacts is indisputable. $100k+ executives can accelerate job search results by proactively seeking inside contacts at target employers. Remember, employee referrals are one of the strongest growing sources of […]
Courtesy of IRS – FS-2008-20, April 2008 WASHINGTON—Internal Revenue Service research indicates that understated business income contributes significantly to the tax gap, with the majority understated by small businesses. To assist small business and self-employed taxpayers better understand their reporting obligations, this fact sheet addresses the issue of income and how to determine gross income. […]
Interestingly enough, this information came from an Internet information newsletter, not a tax newsletter. In brief: NY State hit Amazon.com for sales taxes even though Amazon does not have a physical location in the state. Amazon is suing, claiming the New York law is unconstitutional based on a 1992 U.S. Supreme Court ruling that claims […]