by Leif Jensen | Nov 19, 2012 | General |
Does your business have an employee manual? I am aware of more businesses that I should; that do not. But now we have an interesting twist. So, now employee handbooks are under scrutiny by the National Labor Relations Board. They recently ruled that certain...
by Leif Jensen | Nov 19, 2012 | General |
The IRS has been making audits of 401K plan loans and they seem to be working well, according to a key IRS executive. The Internal Revenue Service has audited 100 401(k) plans that had 10 or fewer participants and more than $100,000 of loans to participants...
by Leif Jensen | Nov 16, 2012 | General |
A tax preparer who was unhappy with the IRS trying to get a handle on all paid tax preparers and the PTIN fee filed a court case. The user fee is collected for obtaining or renewing a preparer tax ID number is valid. The preparer challenged the fee, alleging that IRS...
by Leif Jensen | Nov 16, 2012 | General |
The IRS continues to investigate and scrutinize preparers of earned income credit returns. The Service has mailed a new series of letters to those preparers suspected of making mistakes on 2011 returns that claimed the credit. Two main problems noted in the letters...
by Leif Jensen | Nov 15, 2012 | General |
An ongoing issue with a start up business are the losses sustained while getting the business going. In a recent court case, a business had a long series of annual losses. Losses do not always mean an activity is a hobby, according to the Tax Court says, overruling...
by Leif Jensen | Oct 28, 2012 | General |
Are you one of the people logging onto the IRS website to check on the status of your refund? Most of the time when clients asked our office to check, the refund dates where very accurate. It seems that we were the exception and not the rule. So this tax season the...
