by Leif Jensen | Jun 6, 2011 | General |
In Brazil the cost of a bikini wax is going up. This is a cause of concern for many; mainly because in Brazil a bikini wax is part of the gauges that measures inflation in Brazil. So as the costs rise, the leading indicators of inflation are also triggered. As...
by Leif Jensen | Jun 3, 2011 | General |
I was looking up something and I found this article on the SSA website. I thought is was amusing so I thought I would share it. The most misused SSN of all time was (078-05-1120). In 1938, wallet manufacturer the E. H. Ferree company in Lockport, New York decided to...
by Leif Jensen | May 14, 2011 | General |
It appears that the Internal Revenue Service plans to scrutinize 1042-S forms. The 1042-S is used to report payments made to nonresident aliens, along with any tax withheld. The crackdown is in response to a report issued by Treasury inspectors last year criticizing...
by Leif Jensen | May 14, 2011 | General |
A foundation doesn’t qualify as a public charity, an Appeals Court states. When its operating documents don’t identify the charities it plans to support. The foundation in the case was set up to aid charities that promote and perform public health or Christian...
by Leif Jensen | May 14, 2011 | General |
The Internal Revenue Service is looking to address two issues involving tax-exempt organizations: Payment of fringe benefits and treatment of unrelated business income. The agency is concerned that charities aren’t including the value of fringe benefits when figuring...
by Leif Jensen | May 14, 2011 | General |
Taxes shown on IRS-prepared late returns (returns prepared with only the second party information sent to the IRS; 1099’s,, 1098’s W-2’s) will not be discharged in bankruptcy, a court says. When a couple fails to file tax returns, the Service audited them and assessed...
