It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office
Read MoreTag: Federal Insurance Contributions Act tax
Taxes From A To Z: U Is For Unreasonable Compensation
U is for Unreasonable Compensation. I don’t love S corporations. I know that my CPA friends love, love them but I don’t. While I agree
Read MorePayroll Tax Cut Bill Includes New 'Recapture' Tax For The Wealthy
So now that the payroll tax cut has been extended for two months, what does that mean for taxpayers? Well, even though the collective wisdom
Read MoreAsk The Taxgirl: Self Employment Tax
Taxpayer asks: Since the self-employment tax rate is 12.4 percent, why do I have to pay 15.3%? taxgirl says: Self-employment tax, sometimes called SE tax,
Read MoreIRS Moves Ahead Assuming No Change In 2012
This week, the IRS released Notice 1036 (downloads as a pdf) outlining the percentage method income tax withholding tables and the Social Security withholding rate
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