Accounting Portal Articles

EITC

All Workers Claiming the EITC Must: Have a valid Social Security number, Not file as “married filing separate,” Not file Form 2555 or Form 2555-EZ (related to Foreign Earned Income), Meet the investment income...

Free File (Federal Income Tax Return)

What is Free File?  Free File provides free federal tax prep and e-file for taxpayers, either through brand-name software or online fillable forms. This year, you have until April 15, 2014, to file and...

Free File Fillable Forms

Free File Fillable Forms is a FREE forms-based tool enabling you to: Self-select your federal income tax forms and schedules Fill in your tax information online Perform basic mathematical calculations Print your tax return...

Applicable Federal Rates (AFR) 2011

Find latest AFR rates at IRS website RR-2014-06 — APPLICABLE FEDERAL RATES FEB. 2014 RR-2014-01 — APPLICABLE FEDERAL RATES JAN. 2014 RR-2013-26 — APPLICABLE FEDERAL RATES DEC. 2013 RR-2013-22 — APPLICABLE FEDERAL RATES NOV....

Updated IRS Smartphone App IRS2Go Version 4.0

IRS2Go on iTunes IRS2Go on Google play The redesigned IRS2Go provides new features for taxpayers to access the latest information to help them in the preparation of their tax returns. In this version, IRS2Go highlights...

2014 IRS Standard Mileage Rates

Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 cents per mile for business miles driven 23.5 cents per...

Massachusetts Form 355 Instructions 2013

2013 Massachusetts Corporation Excise Return Form 355 Instructions Mayor 2013 tax law changes The new employer wellness program credit is effective for tax yars beginning on or after January, 1, 2013, and is set...

Sales Tax Audit Procedure in Texas (Nexus)

Sales Tax Verification Sales tax collected versus sales tax reported should be reconciled in detail for every audit. Gross Sales should not include sales tax collected but: If a taxpayer does not separate tax...

2013 California 540 Tax Forms – Personal Income Tax

Individual Income Tax Forms 540 Form 2013 California Resident Income Tax Return (Fill-in & Save) 540 Instructions 2013 Instructions for 540 Form, California Resident Income Tax Returns 540 Tax Table 2013 Tax Table for...

2013 California Tax Rates and Exemptions

The rate of inflation in California, for the period from July 1, 2012, through June 30, 2013, was 1.7%. The 2013 personal income tax brackets are indexed by this amount. Corporate tax rates Entity...

California State and Federal Income Tax Forms

California State Income Tax Forms Form 540 – 2013 California Residents Form 540 2EZ – 2013 California Resident Form 540NR – CA part-year or nonresident Form 540 ES – 2013 estimated tax FTB 3567...

Employment Taxes Recordkeeping

You must keep all  these records of employment taxes for at least 4 years. These should be available for IRS review. Your records should include the following information. Your employer identification number (EIN). Amounts...

Vechiles Sales and/or Registration Taxes Calculators

Free calculators California Vehicle Registration Fee Calculator The Vehicle Registration Fee Calculator allows current and new residents of California to calculate an estimate of their vehicle registration fees, determine Vehicle License Fees (VLF) paid...

California Sales Tax Audit Procedure

GENERAL 0416.05 Some retailers, when accounting for total sales, record only the sales price of the merchandise in the sales account and credit sales tax reimbursement to a reserve account. This procedure contemplates a...

California Employee Tips

  No employer shall collect, take, or receive any gratuity or part thereof, paid, given to, or left for an employee by a patron, or deduct any amount from wages due an employee on...