by Leif Jensen | Dec 3, 2012 | General |
Do the police need judicial approval to read your e-mails? Should the police need judicial approval to sift through personal e-mails? The answer to the first is no. The answer to the second one is undecided for now. Privacy advocates screaming yes to both questions....
by Leif Jensen | Dec 3, 2012 | General |
The question that was asked all through the election was: Do the rich pay taxes? Do they pay enough in taxes? The Democrats stated no, at least to the second question. The Republicans said yes, to both questions. According to the new IRS statistics, it shows the...
by Leif Jensen | Nov 30, 2012 | General |
Are you one of those people who like to file early and get your hands on your refund? Well you may have some difficulties this tax season. Since Congress continued delaying the finalizing of the 2012 tax rules will cause additional delays with the filing season....
by Leif Jensen | Nov 30, 2012 | General |
Organizations that did not file a required information return or electronic notice for their taxable years beginning in 2007, 2008 and 2009 automatically lost their tax-exempt status, and must apply if they want to be reinstated. In Notice 2011-43, the IRS provided...
by Leif Jensen | Nov 29, 2012 | General |
Remember last year when you finally filed your Federal 940, it turned out that you owed additional funds because Illinois did not make all of the necessary required payments? Well it will happen again in some states. Some firms in a number of areas will pay higher...
by Leif Jensen | Nov 29, 2012 | General |
Are you leasing assets to a corporation you own can? Sometimes this can provide a tax break. According to the Tax Court, the net rental income can offset other passive losses. That is if the corporation uses the property in its own rental activity. In the court...
