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Tax Preparer Miami

What Tax Preparer Miami Need to Know About New Form 1099-K

What to do when your clients receive one of the IRS’s four new business income under-reporting letters. What Tax Preparer Miami need to know about new form 1099-K. The Internal Revenue Service has always been able to match individual tax returns against information statements and propose under-reporter adjustments that come in the form of CP2000 …

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IRS Postpones Credit Card Withholding Requirements

IRS Postpones Credit Card Withholding Requirements Tax Preparation Miami confirms that The Internal Revenue Service has provided special transitional relief to banks and other payment settlement entities required under a 2008 law to begin Withholding Requirements of 28 percent of payments if they are unable to verify a taxpayer identification number for a retailer. As a …

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What Can I Deduct

What can I deduct? As I Tax Accountant in Miami I often asked, “What can I deduct? To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for …

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