IRS Extends, Modifies Program Allowing Truncated Social Security Numbers on Information Returns

April 15, 2011 The IRS announced that it is extending and modifying a pilot program designed to deter identity theft. Under the program, which was introduced in 2009, filers of certain paper information returns are allowed to truncate the payee’s Social Security number on the payee statement. The notice extends the program to payee statements […]

President Signs Repeal of Expanded 1099 Requirements

April 14th, 2011 On Thursday, President Barack Obama signed into law the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 (HR 4; 1099 Act), which repeals both the expanded Form 1099 information reporting requirements mandated by last year’s health care legislation and also the 1099 reporting requirements imposed on taxpayers […]

Obama Embraces Individual U.S. Tax Code Rewrite

April 13th, 2011 President Barack Obama is making his clearest pitch yet for an overhaul of the entire U.S. tax code for individuals and businesses. Obama wants Congress to eliminate so-called tax expenditures and lower rates. The goal is to raise more revenue than an extension of current tax policy would generate, according to a […]

IRS Unveils FATCA Guidance, but Practitioners Say Challenges Remain

April 11th, 2011 The Internal Revenue Service April 8 unveiled its eagerly awaited second notice on the Foreign Account Tax Compliance Act, offering what practitioners said is welcome guidance under the new law that requires foreign banks to disclose their U.S.-owned accounts or face a 30 percent withholding tax in some cases. In Notice 2011-34, […]

Tip: Being the Boss – Managing People Well

Many entrepreneurs had their share of bad bosses before setting up their own business operations. Trying not to fall into the bad habits of others – or avoiding your own versions – can be a challenge, especially for people who excel in doing rather than managing. Here’s a short checklist that might help you avoid […]

Technology: Keeping Email Safe

No matter how careful you are with security and virus protection on your computer, you might still fall victim to unscrupulous individuals who attempt to use your email account to send spam or steal data. There is no ironclad method of avoiding these problems, but there are some steps you can take to protect yourself. […]

Recent tragedies highlight the need for financial disaster planning

Earthquakes, hurricanes and other natural disasters might seem like events that only happen to other people in far-off places. But recent events highlight the need to be prepared both physically and financially.The earthquake, tsunami and nuclear crisis in Japan have left millions displaced. Tens of thousands have lost loved ones, many of who were probably […]

Stock Market: Pondering The Future

A series of major events – the earthquake disaster in Japan, growing political violence around the Persian Gulf and President Obama’s decision to engage our forces in the Libyan conflict – gave us lots to consider during the last month. Though the shock of the Japanese disaster and the engagement of U.S. troops in Libya […]

How E-Commerce Can Expand Your Business

From the dawn of the Internet in the early 1990s, e-commerce kick started a new way of doing business. Shopping leisurely online came into vogue and merchants began scrambling to design webpages for their businesses with attractive product offerings. Now, as people become more accustomed to shopping on the web, they can buy almost anything […]

Last Minute Tax Considerations

April 18 is fast approaching and with it, the deadline for filing your 2010 income tax return. While the majority of your 2010 tax figures are already in place, there are still a few things to consider before the due date.Last Minute Tax Savings Individuals qualifying for Individual Retirement Accounts have until April 18 to […]

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IRS Extends, Modifies Program Allowing Truncated Social Security Numbers on Information Returns

IRS Extends, Modifies Program Allowing Truncated Social Security Numbers on Information Returns

President Signs Repeal of Expanded 1099 Requirements

Obama Embraces Individual U.S. Tax Code Rewrite

IRS Unveils FATCA Guidance, but Practitioners Say Challenges Remain

Tip: Being the Boss – Managing People Well

Technology: Keeping Email Safe

Recent tragedies highlight the need for financial disaster planning

Stock Market: Pondering The Future

How E-Commerce Can Expand Your Business

Last Minute Tax Considerations

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