by Leif Jensen | Jan 18, 2017 | General |
How many phone apps do you have on your cell/smart phone right now? I bet you have no idea. I know I don’t. DO you have apps that you have never used? I know I do, I have 3 Sudoku apps that I have never used. I gravitate to one and only use that one. ...
by Leif Jensen | Jan 16, 2017 | General |
If the combined value of the couples’ estate at the first spouse’s death is less than the Federal exclusion amount, the surviving spouse and the other heirs of the estate are not likely to spend the time or money to prepare a Federal Form 706 to make the deceased...
by Leif Jensen | Jan 11, 2017 | General |
There is a project in the works to determine if the US can line up with underdeveloped countries, such as Kenya and Honduras. The goal of the project is to capture data that reveals if free money on a regular basis (basic income) really does help people escape...
by Leif Jensen | Jan 10, 2017 | General |
I was recently at an ICPAS Chapter meeting where an IRS Special Agent (the ones who carry guns) was discussing the increase in payroll withholding cases. There has been a 33% increase in investigations into payroll tax issues. This is where employers do not pay...
by Leif Jensen | Jan 9, 2017 | General |
An employee’s larceny doesn’t void a penalty for undeposited payroll taxes in this case. After the company’s owner learned about the embezzlement and that the taxes were unpaid, he had the firm pay part of its liability to IRS and he loaned the business money for the...
by Leif Jensen | Jan 5, 2017 | General |
Employers are now required to file W-2s with the federal government by Jan. 31, this is up from the prior deadlines of Feb. 28 for paper returns and March 31 for e-filings. This earlier deadline matches the date for sending copies of the forms to employees. The Jan....
