Category Archives: Tax Tips

Which is Better for Your Business an S Corp or a C Corp?

Posted May 04, 2012 - By | No Comments

C or S Corporation Choice is Critical for Small Business When an individual outgrew a proprietorship, a corporation used to be the norm. Today, limited liability companies (LLCs) are the new normal. SeeIRS: Forming a Limited Liability Company. But if you ...

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E-Myth Quote fo the Day: Know Thy Customer

Posted May 04, 2012 - By | No Comments

Know Thy Customer “Your sales come from building a relationship, not from trying to sell something. You are building a relationship with a potential customer around their needs and your ability to address those needs. In order to do this you have to get to ...

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Are your competitors lowering prices? Here’s how to beat them at their own game.

Posted October 12, 2011 - By | No Comments

How to Beat the Defensive Pricing Game By Abram Brown  www.inc.com http://www.inc.com/guides/201110/how-to-beat-the-defensive-pricing-game.html

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Keep Good Records Now to Reduce Tax-Time Stress

Posted October 08, 2011 - By | No Comments

You may not be thinking about your tax return right now, but summer is a great time to start planning for next year. Organized records not only make preparing your return easier, but may also remind you of relevant transactions, help you prepare a response if ...

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Eight Tips for Taxpayers Who Receive an IRS Notice

Posted August 26, 2011 - By | No Comments

Every year the Internal Revenue Service sends millions of letters and notices to taxpayers, but that doesn’t mean you need to worry. Here are eight things every taxpayer should know about IRS notices – just in case one shows up in your mailbox. 1. Don’t ...

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More IRS Cops, More Audits

Posted August 26, 2011 - By | No Comments

The number of federal individual income tax returns examined by the Internal Revenue Service has continuously increased over the past five years, with 1 out of every 90 taxpayers examined in fiscal year 2010, according to a statistical report released today ...

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Rule Barring Second Estate Tax Filing Extension

Posted August 26, 2011 - By | No Comments

The U.S. Court of Appeals for the First Circuit Aug. 19 upheld a Treasury regulation barring the Internal Revenue Service from granting an executor a second extension of time for filing an estate tax return unless he qualifies for one of the good cause ...

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How to Get Your Prior-Year Tax Information from the IRS

Posted August 26, 2011 - By | No Comments

Taxpayers sometimes need tax returns from previous years for loan applications, to estimate tax withholding, for legal reasons or because records were destroyed in a natural disaster or fire. If your original tax returns were lost or destroyed, you can obtain ...

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The IRS Seeks Payroll Tax Defaulters

Posted August 26, 2011 - By | No Comments

The current economic recessions has had a hard toll, especially on small businesses. Their access to financing and their ability to shoulder tough business seasons are much less than that of bigger businesses. For this reason, many small businesses are being ...

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Seven Tax Tips for Recently Married Taxpayers

Posted August 23, 2011 - By | No Comments

With the summer wedding season in full swing, the Internal Revenue Service advises the soon-to-be married and the just married to review their changing tax status. If you recently got married or are planning a wedding, the last thing on your mind is taxes. ...

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