by Leif Jensen | May 26, 2010 | General |
When I was in Britain during the Greece credit crunch there were hints that the US will soon be having the same problem. The US debt to GDP is currently 69%; Greece is 124%; Mexico is 36% (do they have any services? or is that why they all want to migrate here?). ...
by Leif Jensen | May 26, 2010 | General |
21% of all correspondence audits are regarding the Home Buyer Credit. It seems that adequate paperwork was not submitted with the returns; over 250,000 audit letters have been sent. If you receive one good luck in getting it straighten out; second time is always the...
by Leif Jensen | May 25, 2010 | General |
According to Fair Labor Standards states that interns must be paid at least minimum wage and overtime compensation. Unpaid interns are forbidden, unless they meet strict federal guidelines. They cannot replace paid staff, the focus must be on teaching skills to the...
by Leif Jensen | May 12, 2010 | General |
The provision to deduct state and local sales tax by those whom itemize ended December 31, 2009. The provision ended but congress could extend if they choose to.
by Leif Jensen | May 12, 2010 | General |
For those whom utilize free or purchased tax software to prepare your tax returns (such as Turbotax). You are personally responsible for any input errors or mistakes made while using the product. I as a licensed CPA recommend that you hire a trained professional (my...
by Leif Jensen | May 12, 2010 | General |
Taxpayers whom itemized will nor longer be able to deduct the sales tax paid on the purchase of an auto. This deduction has expired.
