Accounting Portal Articles

CP-2000 – Notice of Underreported Income

IRS compares the information reported by employers, banks, businesses and other payers on forms W-2, 1098, 1099, etc., with income and deductions reported on your income tax return. If you failed to report any...

New York State Disability Benefits Forms for Employers

DB-102 Information for Employer Regarding Disability Benefits Law DB-135 Employer’s Application for Voluntary Coverage for Class of Employees For Whom Disability Benefits Are Not Required by Law (No Employee Contribution) OC-923 Important Information for...

Pension Plan Limitations for 2012

IRS  announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because the...

PTIN Renewals for 2012 Filing Season

The Internal Revenue Service  announced that the nation’s 738,000 tax return preparers who have Preparer Tax Identification Numbers (PTINs) can now renew their PTINs for the 2012 filing season. Preparers are required to renew...

Sales Tax Deduction Calculator

To figure the amount of optional general sales tax you are eligible to claim, just answer a few online questions and the system does the rest. First select the tax year for which you...

Federal Unemployment Tax (FUTA)

The Federal Unemployment Tax Act (FUTA), with state unemployment systems, provides for payments of unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax....

Form I-9 (Employment Eligibility Verification)

Form I-9 (Employment Eligibility Verification) The purpose of this form is to document that each new employee (both citizen and noncitizen) hired after November 6, 1986, is authorized to work in the United States.