Taxpayer asks: I was wrongfully fired off of assumptions. It’s a small family owned business. They used to pay me under the table. What are the steps/where do I turn to, to have them caught red handed for paying under the table? taxgirl says: This is one of those questions that is difficult to answer…
For as long as I’ve been banging away on the keyboard about tax and tax policy, I don’t believe I’ve seen anything more polarizing than the “new” health care act which was signed into law last year. From the so-called Cadillac plans to the increased 1099 reporting requirements, no single piece of legislation has generated…
Here’s the first bit of information you need to know about the federal form W-4, Employee’s Withholding Allowance Certificate: it only applies to employees. If you’re self-employed, you can move along, there’s nothing to see here for you (though you may want to check out other IRS info as outlined on Publication 4591, Small Business…
I know. This sounds like something that Michael Kors might be putting out. Unfortunately, golden parachute payments have nothing to do with the world of fashion – but don’t stop reading yet! This is some interesting stuff… A golden parachute payment is an amount of money agreed upon in advance – and written into a…
Taxpayer asks: I have an employee whose child care center fees just went up. So to take some of the burden off her shoulders we are paying for the rest it adds up to $300 a month. Now-her babysitter is her sister in law who works part time but does babysitting on the side. My…
While folks in Washington have seemingly come to terms with the idea that Blackwater might have killed some folks when they shouldn’t have, they are drawing the line where it hits Americans the hardest: cheating on taxes. Rep. Henry Waxman (D-CA) has made public a letter from IRS to Blackwater from March (yes, March) regarding…