Tag Archives: tax tip

Is QuickBooks Helping the IRS Audit Your Books?

Posted on September 29, 2010 by taxblogger

In the past, an IRS agent would request printed reports and back-up paper documents during an audit. There is now the possibility that they will request an actual copy of your QuickBooks file – not just your printed general ledger. The IRS recently purchased several thousand QuickBooks licenses in preparation of up-coming audits.
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Watch Out: Expiring Tax Rates and Breaks

Posted on September 27, 2010 by taxblogger

Without action by Congress by Dec. 31, 2010, lots of tax rates and breaks expire. Continue reading →

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Don’t Miss the October 15 Deadline

Posted on September 15, 2010 by taxblogger

If you need to file a Form 1040 (individual return), the deadline to file is October 15, 2010. Continue reading →

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Dissecting the Healthcare Bill | Part 4 of 4| No. 7

Posted on September 8, 2010 by taxblogger

Good Morning! This week we will look at provisions of the Healthcare Bill that take effect in 2013 – 2018.
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Don’t Miss the September 15 Deadline| Tip of the Week | No. 6

Posted on September 1, 2010 by taxblogger

If you need to file a Form 1065 (partnership return), Form 1120S (S corporation return) or Form 1041 (fiduciary return) the deadline to file your 2009 return is September 15, 2010. This assumes you had filed for an extension prior to April 15, 2010. Continue reading →

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The 1099 Nightmare | Dissecting the Healthcare Bill – Part 3 of 4 | Tip of the Week | #5

Posted on August 25, 2010 by taxblogger

On page 737 of the Healthcare Bill is a three-paragraph section that has nothing to do with hospitals, doctors, drugs or health insurance. Starting January 1, 2012 all business entities will be required to issue 1099s to all individuals and business with which they spend $600 or more annually for goods and services. Continue reading →

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What’s in Store for 2011 and 2012 | Dissecting the Healthcare Bill – Part 2 of 4 | Tip of the Week | No. 4

Posted on August 18, 2010 by taxblogger

Last week we looked at the changes this bill created for 2010. This week we highlight the changes for 2011 and 2012. Continue reading →

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Dissecting the Healthcare Bill – Part 1 of 4 | Tip of the Week | No. 3

Posted on August 11, 2010 by taxblogger

Despite widespread belief that health coverage is mandatory now, the mandate for health insurance coverage does not actually take effect until 2014. In fact, some provisions of the Healthcare Bill do not take effect until 2018.

This week we will highlight the changes that take effect in 2010. Continue reading →

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