Tax Resources for Accountants and Small Businesses (U.S.)
Bill Status Official Summary 7/27/2011–Introduced.Stop Tax Haven Abuse Act – Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of prime...
The metropolitan commuter transportation mobility tax (MCTMT) is a tax imposed on certain employers and self-employed individuals engaging in business within the metropolitan commuter transportation district (MCTD). This department administers the tax for the Metropolitan...
2011 Tax Filing Dates for Corporation Tax, Personal Income Tax, Sales Tax, Withholding Tax, and Metropolitan Commuter Transportation Mobility Tax (MCTMT) Tax Filing Date Return Due January 18th Personal Income Tax Estimated Tax Payment...
Publication 535 – Introductory Material Introduction Ordering forms and publications. Tax questions. What’s New for 2010 What’s New for 2011 Reminders 1. Deducting Business Expenses Introduction Topics – This chapter discusses: Useful Items...
Quarterly filer forms (Form ST-100 series)
Statements of Financial Accounting Concepts are a part of the FASB conceptual framework project. Statements of Financial Accounting Concepts
CON 5: Recognition and Measurement in Financial Statements of Business Enterprises
Burden of proof is responsibility to prove entries, deductions, and statements made on your tax returns is known as the burden of proof. You must be able to prove (substantiate) certain elements of expenses...
You must file a petition to begin a case in the Tax Court. A party who files a petition in response to an IRS notice of deficiency or notice of determination is called the...
Forms W-2/W-3 Online
The Federal Trade Commission charged Reebok with making claims about EasyTone and RunTone shoes that the company couldn’t support. According to the FTC, Reebok claimed that using these products would strengthen and tone leg...
There are many ways to legally immigrate to the United States, but only one of them depends completely on luck: the congressionally mandated visa lottery, which offers 50,000 green cards to people from certain...
The number of nonemployer businesses, those without paid employees, declined by more than 260,000 between 2008 and 2009 across the United States, according to new data from the U.S. Census Bureau. Real estate agents,...
The U.S. Department of Labor s Employment and Training Administration announced a 60-day postponement of the effective date for the final rule concerning the wage methodology for the temporary nonagricultural employment H-2B program. The...
Five states do not have a statewide sales tax: Alaska, Delaware, Montana, New Hampshire and Oregon. Four of these five (all but Alaska) do not allow localities to charge a local sales tax. Read...
A New York State resident taxpayer is responsible for reporting and paying New York State personal income tax on income from ALL sources regardless of where the income is generated, or the nature of...
The amnesty program begins October 1, 2011 and ends May 1, 2013. WHAT IS CONSUMER’S USE TAX? Consumer’s use tax must be paid on all taxable purchases of tangible personal property or services used,...
Publication 1281 What payments are subject to backup withholding? a) Rents and commissions, non-employee compensation for services, royalties, reportable gross proceeds paid to attorneys and other fixed or determinable gains, profits, or income payments...
The test is part of an ongoing effort by the IRS to enhance oversight of the tax preparation industry. Preparers who pass this test, a background check and tax compliance check as well as...
IRS return preparer test specificatons – August 31, 2011 Registered Tax Return Preparer (RTRP) test will focus on the ethical responsibilities of federal tax return preparers and the completion of Form 1040 series along...