In a new report covering the tax years 2006 through 2009, the Treasury Inspector General for Tax Administration found that taxpayers had to repay more than an estimated $2.3 billion in credits that were erroneously claimed.
Small Business Tax
Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?
Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.
Chances are, if you’re a high-income taxpayer, the scheduled 2013 tax rate increases on ordinary income and capital gains and dividends aren’t your only concern. You could also face a new 3.8% Medicare surtax on all or part of your net investment income. Strategy: Make your tax moves now. If you wait until the surtax kicks in next year, it may be too late.
The IRS says that employers can’t round off to the nearest dollar on Form 941, Employer’s Quarterly Federal Tax Return.