From the category archives:

corporate

Ask the taxgirl: Can I refuse to complete a form W-9?

19 March 2009

Taxpayer asks:
I have a Q. We run a large tow truck company. We tow for the Police, Sheriff, and Highway Patrol, as well as Federal Military Police. We also take private callers with disabled vehicles. We do our taxes every year with our CPA.
We received an emergency call in January. [...]

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House Approves “Bonus Tax”

19 March 2009

The House moved quickly to vote yes on a bill to tax big employee bonuses given by companies who have taken substantial amounts of TARP money. The bill would impose a 90% tax on bonuses to highly compensated employees of companies that received more than $5 billion (with a b) in TARP money from [...]

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Legislation Introduced to Tax Bonuses at 90%

19 March 2009

The House Committee on Ways and Means has announced that Rep. Charles B. Rangel (D-NY) has introduced legislation to tax executive bonuses. The legislation, if passed, would affect bonuses received after January 1, 2009. You can read the text of the bill here as a pdf.
The legislation, which has been introduced as H.R. [...]

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Twitter Tax Tips #14

16 March 2009

About an hour and a half left to file your corporate extensions. If you’re stuck, try @filelater #TwitterTaxTip
** that’s filelater.com for you non-twitter types!
(For more on twitter tax tips, see my prior explanatory post.)

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Twitter Tax Tips #12

13 March 2009

If you’re planning on requesting a corp tax extension, remember it’s an extension of time to file, not time to pay. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)

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Tax Trivia: Massive Tax Return

9 March 2009

We have a winner! See comments!
Our next tax trivia question is:
The largest tax return in history was filed electronically in 2006. The 237 MB return, filed by GE, would have been more than 24,000 pages if printed. If those pages were laid head to head, how many miles would they cover?
Don’t forget: [...]

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Ask the taxgirl: Responsibility to Ensure Independent Contractor Files?

4 January 2009

Taxpayer asks:
Aloha
Do I have any liability if I issue a 1099 to a contractor but they fail to report it or file their taxes?
Thanks for your input.

Taxgirl says:
Nope. Your job is done so long as you properly and timely issue the form 1099 to the independent contractor and file the associated paperwork (in most [...]

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23 Ways to Cut Your 2008 Business Income Tax Bill

30 December 2008

I previously blogged how to cut your 2008 individual income tax bill. I could hear the comments as I was writing: what about my business? Well, never fear! Following are some last minute suggestions to help save on your 2008 tax bill.
But first, a word of caution: Just [...]

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Fix the Tax Code Friday: Auto Industry Bailout

21 November 2008

It’s Fix the Tax Code Friday!
For most of the week, the headlines have involved the crisis in the automotive industry with eyes on the “Big Three”: Ford, General Motors (GM) and Chrysler. Execs from the Big Three jetted to DC to beg lawmakers for loans worth billions of dollars, warning that the failure [...]

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Deutsche Bank Comes Under Fire Again

17 November 2008

As the federal government ramps up efforts to shut down illegal tax shelters and make it more difficult for banks and financial institutions to assist US taxpayers in hiding money, another bank has come under intense scrutiny. Deutsche Bank, one of Germany’s most powerful financial institutions, has been identified in an unsealed indictment as [...]

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