by Leif Jensen | Aug 6, 2011 | General |
I am wondering if it would be possible to have an expiration date on every law, tax and amendment on the books. If the government was required to re-pass everything every 10 years or so, what would our laws look like? Would the poor laws of the past still be laws? ...
by Leif Jensen | Aug 6, 2011 | General |
During August which is a slow time for tax issues, businesses should be making sure that they have valid up to date W-9’s for all of the Independent Contractors that are utilized. I am also talking about those whom you do businesses with beyond the mis-categorized...
by Leif Jensen | Aug 6, 2011 | General |
As the most recent hurdle of the tax debate recedes from the headlines; it should remain a concern for all. In 2008 the debt was 40% of GDP. In 2011 it will be 69% of GDP. Estimates with no spending cuts, have it hit 80% in 2014. With spending cuts, that may happen...
by Leif Jensen | Aug 5, 2011 | General |
“God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such...
by Leif Jensen | Aug 2, 2011 | General |
The IRS is planning to expand its comprehensive employment tax audit program. Hurray… The process began last year, when they conducted the first batch of payroll tax examinations to fine-tune its return selection formulas and calculate the portion of the tax gap...
by Leif Jensen | Aug 2, 2011 | General |
Illinois Sales Tax Amnesty still available through October 15, 2011. You must file a separate paper Form ST-44, Illinois Use Tax Return, for each year (2004, 2005, 2006, 2007, 2008, 2009, and 2010) that you have a use tax liability and write “Amnesty” in red on the...
