Your income may limit your ability to open a Roth IRA, but you can take a different path to a Roth IRA by converting a traditional IRA to a Roth IRA. You can convert a traditional IRA to a Roth [...]
Form I-9 is the standard form issued by the USCIS (The U.S. Citizenship and Immigration Services) that every business must use to verify the identity and employment eligibility of all individuals [...]
Check the amount of income tax being withheld from your wages early in 2013, and again whenever your circumstances change during the year (marriage, divorce, new baby, etc.). You must meet [...]
May 2013 May 10 Employees who work for tips – If you received $20 or more in tips during April, report them to your employer. You can use Form 4070. June 2013 June 10 Employees [...]
Is Your Hobby a For-Profit Endeavor? If you have a hobby that produces income, you must report that income to the IRS. But whether you can deduct all of your expenses depends on whether you [...]
Keep your tax records for as long as you might be audited for a given year. Generally, that’s three years after you file the return, though the IRS has six years to audit you if you’ve omitted [...]
What records does the IRS require you keep? The IRS does not require that you keep your tax records in any particular way. The only requirement is that your records let you and the IRS [...]
On March 26, 2013, The IRS released their “Dirty Dozen Tax Scams for 2013”, and Identity Theft is at the top of their list. Our contact at the IRS today stated that they had over 1.5 [...]
April 15, 2013, is not only the filing deadline for your 2012 individual income tax return; it’s also the deadline for 2012 gift tax returns, 2012 returns for partnerships, trusts, and estates, [...]
When was the last time you reviewed your will? People generally make wills to guarantee the proper disposition of their money and property, which is why it’s a good idea to consult your CPA when [...]
