New law repeals expanded 1099 reporting rules

On April 14, 2011, President Obama signed legislation (Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011) repealing the previously expanded reporting rules for businesses and landlords that had been created by laws passed in 2010. Business reporting. The Form 1099 reporting rules were changed by the 2010 health care legislation. […]

Read More

April 18, 2011: Major Tax Deadline

Monday, April 18, is a red letter day in the world of taxes. It is the deadline for filing certain returns and taking certain tax-related actions. Here are the major deadlines. Filing 2010 income tax returns for individuals. If you cannot file your return by this deadline, be sure to file an extension request by […]

Read More

Health Care Tax Credit Will Help Small Businesses

Small Business Health Care Tax Credit to Help Small Businesses A new Health Care Tax Credit will help small businesses and small tax-exempt organizations afford the cost of covering their employees.  Our firm is extending an additional service to new and existing clients in determining eligibility for this credit. The eligibility rules include providing health care […]

Read More