Household Workers: Social Security, Medicare, W-2,
If you hire someone to work in your home, such as a cleaning person, a cook, a gardener or a baby sitter, both you and your employee should know about paying Social Security and...
Category: IRS
Surviving Spouses to Benefit from Portability Election; Estate Tax Return Required to Make this Choice For Some, Form 706 Due as Early as Oct. 3
IR-2011-97, Sept. 29, 2011 The Internal Revenue Service reminded estates of married individuals dying after 2010 that they must file an estate tax return to pass along their unused estate & gift tax exclusion...
Electing Portability of Deceased Spousal Unused Exclusion Amount
1 If the executor of the estate of a decedent dying after December 31, 2010, intends to make the portability election to allow the decedent’s surviving spouse to use the deceased spousal unused exclusion...
IRS Tax Calendar 2011
IRS Tax Calendar 2011 Tax Calendar for Small Business
Claiming the Small Business Health Care Tax Credit
Many small employers that pay at least half of the premiums for employee health insurance coverage under a qualifying arrangement may be eligible for the small business health care tax credit. This credit can...
Business Expenses – IRS Publication 535
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...
Imputed Interest Calculation
Resources for calculating Imputed Interest: Imputed Interest Calculation – Calculating Imputed or Unstated Interest Under I.R.C. 1274 Investment Income and Expenses IRS Publicaton 550 Applicable imputed income amount. 1. Figure the amount of interest...
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....
Travel, Entertainment, Gift, and Car Expenses
Publication 463 – Introductory Material What’s New Reminder Introduction Users of employer-provided vehicles. Volunteers. Ordering forms and publications. Tax questions. Useful Items – You may want to see: 1. Travel Traveling Away From...
AccuWage Software 2011
AccuWage/AccuW2C is free software from Social Security. AccuWage is for use with Electronic Filing W-2 – EFW2 AccuW2C is for use with Electronic Filing W-2c – EFW2C The software allows you to check W-2...
Forms W-2/W-3 Online – ELECTRONIC W-2 FILING
Forms W-2/W-3 Online
Form W-2 Wage and Tax Statement
Form W–2 Wage and Tax Statement
B notice Q&A
Publication 1281 What is a “B” Notice? AA… A “B” Notice is a backup withholding notice. There are two “B” Notices — the First “B” Notice and the Second “B” Notice. You must send...
Backup Withholding for Missing and Incorrect Name/TIN(s) Publication 1281
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...
IRS Releases Specifications for Registered Tax Return Preparer Test
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...
New Voluntary Worker Classification Settlement Program
The Internal Revenue Service launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their...
Guidance to Further Implement Return Preparer Oversight
The IRS released Notice 2011-80, which provides that PTINs must now be renewed on a calendar year basis. All PTIN holders must renew their numbers using the online PTIN application or paper Form W-12...
Notice 2011-72 Tax Treatment of Employer-Provided Cell Phones
PURPOSE This notice provides guidance on the tax treatment of cellular telephones or other similar telecommunications equipment (hereinafter collectively “cell phones”) that employers provide to their employees primarily for noncompensatory business purposes. BACKGROUND Section...
Reimbursement of Employee Personal Cell Phone Usage (Notice 2011-72)
Notice 2011-72 addresses the tax treatment of employer-provided cell phones for noncompensatory purposes. The Notice provides that, for tax years after December 31, 2009, the IRS will treat the employee’s use of employer-provided cell...
B Notice
A “B” Notice is a backup withholding notice. There are two “B” Notices — the First “B” Notice and the Second “B” Notice. You must send the First “B” Notice and a Form W-9...