Vernoia, Enterline + Brewer, CPA LLC

Archive for the ‘Reporting requirements’ Category

Jan 31 Deadline Applies to Wage Statements and Independent Contractor Forms

The Internal Revenue Service today reminded employers and other businesses of the Jan. 31 filing deadline that now applies to filing wage statements and independent contractor forms with the government. (more…)

Taxpayers can use IRS Select Check tool before donating

Taxpayers making donations may be able to deduct them on their tax return. As people are deciding where to make their donations, the IRS has a tool that may help. (more…)

Tips for Business Owners Who Need to Reconstruct Records After a Disaster

After a disaster, many business owners might need to reconstruct records to prove a loss. (more…)

Gifts to Charity: Six Facts About Written Acknowledgements

Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. (more…)

Small Business Startups New Option for Claiming Research Credit

Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue Service. (more…)

Reviewing the Innocent Spouse Relief Rules

Married couples don’t always agree — and taxes are no exception. In certain cases, an “innocent” spouse can apply for relief from the responsibility of paying tax, interest and penalties arising from a spouse’s (or former spouse’s) improperly handled tax return. Although it isn’t easy to qualify, potentially affected taxpayers should review the rules. (more…)

IRS regulations clarify individual shared responsibility rules, premium assistance tax credit

The IRS continues to offer guidance to flesh out the specifics of the individual shared responsibility requirement and the premium assistance tax credit under the Affordable Care Act. (more…)