It’s getting chilly in Pennsylvania… You can almost (almost) sense that Christmas is on the way. It’s no wonder then that President Obama would invoke the holiday spirit in his address from the Keystone State. Speaking from Scranton, Obama encouraged Congress to extend the existing payroll tax holiday. Originally, the extension looked dead in the…
Taxpayer asks: I read that the Making Work Pay Credit was back for 2011 (I saw this post) but I can’t find anything about it even on the IRS web site. Can you help? taxgirl says: Easy answer first: the Making Work Pay Credit was not extended into 2011. The Tax Relief, Unemployment Insurance Reauthorization…
President Obama will send his new jobs creation plan to Congress later today. He’s going to pitch it first in the Rose Garden surrounded by the kinds of folks that make for good press (vets and teachers, for example) and then send it to Congress for consideration. It’s not going to be an easy road….
In 140 characters (or less): Twitter is staying put in San Francisco. At least for now. A split Board approved a payroll tax exemption in San Francisco meant to keep Twitter and similar companies in the City by The Bay. The vote means that companies who agree to move to or remain in the less…
Two months ago, the internet was, er, a-twitter about a tax deal that San Francisco appeared to be making in order to keep hot tech companies inside the city. The deal, which was focused on the social media darling, Twitter, would grant a payroll tax exemption in exchange for a move to a long-neglected area…
I have received a number of questions about the Payroll Tax Holiday and how it applies to those who are self-employed. I wasn’t sure, initially, so I did what I always do (and what I recommend that you do) and I went straight to the source. The Tax Relief, Unemployment Insurance Reauthorization and Job Creation…
Taxpayer asks: I left my job as an editor at a media company, but continue to do some freelance work for them. When I submitted an invoice, I was told that for tax purposes I couldn’t be paid by them as an independent contractor in the same year that I was an employee. This means…