Phoenix CPA|Taxpayer Bill of Rights The IRS has recently published a taxpayer bill of rights. There are your rights as a taxpayer. The Right to be Informed: Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear...
Phoenix Accountant | Record keeping With the IRS and states struggling to stay afloat, many tax payers worry about the chances of an audit. While your chances may be slim of ever being audited, there is nothing worse than getting the letter in the mail that your...
Phoenix CPA | Tax Extenders Passed Finally! Congress waited until the last possible minute, but finally passed the long awaited tax extenders bill which President Obama finally signed on Friday. Known officially as The Tax Increase Prevention Act, this bill...
Phoenix Accounting Firm | IRS Budget Cuts This past week, the Internal Revenue Service released the downside of the cuts to their budget. The Internal Revenue Service received a budget of $10.9 billion. This may seem like a lot of money but it is 3% less than the...
Phoenix CPA | Charitable Contributions The IRS recently issued a news release reminding taxpayers of the rules regarding the tax laws and documentation requirements for charitable contributions. For monetary (cash, check or credit card) donations, the rules are pretty...
Phoenix Business Accountant | Obamacare Tax Problems With its implementation, the Affordable Care Act brought with it tons of potential related income tax issues for CPAs and individuals who file their own income tax returns. Employer Shared Responsibility Effective...
