Tax Resources for Accountants and Small Businesses (U.S.)
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...
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
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....
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...
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...
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...
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
Form W–2 Wage and Tax Statement
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,...
What is an IRS “B” Notice? A “B” Notice is a backup-withholding alert you must send when you receive a CP2100 or CP2100A notice from the IRS. It means the name and taxpayer identification number...
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...