For businesses around the country, the year-end tax reporting season is looming. Form 1099 data must be accurately reported in payee statements, and this year it must be electronically reported to the IRS. Manchester 1099 Software ( http://www.manchester1099.com/index.php ) from Balance Consulting offers a dependable, secure solution, and the...
New Service Helps 403b Plan Sponsors Meet IRS Requirements WINDSOR, Conn., Oct. 27 /PRNewswire/ -- ING recently unveiled planwithease.comR, a plan administration service specifically designed to help sponsors of 403 b plans meet the added responsibilities they face under new IRS regulations taking effect January 1, 2009. The...
The world is full of unintended consequences, and it's time the presidential candidates started thinking about them. The subject, my friends, is debt relief - and the unintended consequences might be a huge tax bill for the unburdened debtors. In separate statements at two...
Markulec to Co-present with David Stender, Associate Chief Information Officer, Cybersecurity, IRS; Discussion to Center on the Federal Government's Trusted Internet Connection Initiative SOMERSET, N.J., Oct. 21 /PRNewswire/ -- Lumeta, the leading provider of Network Assurance solutions for enterprises and government agencies, today announced that COO Michael Markulec,...
Although initially challenged for delving into the realm of governance, the IRS has defended its position to obtain management and governance information in the new Form 990, based on its responsibility to properly administer the tax laws. The IRS believes a well governed organization is more likely...
PRICE Systems proves once again its estimation performance capabilities with a major Federal Agency MT. LAUREL, N.J., Oct. 16 /PRNewswire/ -- PRICE Systems (http://www.pricesystems.com/), the world leader in estimation tools and solutions and developer of the newly released TruePlanningR 2008, announces a third year extension on its contract...
CLASSES SCHEDULED FOR OCTOBER 23 AT 1 P.M. AND 6 P.M. MARIETTA, Ga., Oct. 15 /PRNewswire/ -- Most traders keep a daybook, collect receipts, use a dedicated business credit card, and keep the statements to corroborate expense reports. Unfortunately, this type of recordkeeping probably falls short of the...
Tax Resolution Services offers taxpayers help, hope and the highest tax relief success rate in the nation ENCINO, Calif., Oct. 13 /PRNewswire/ -- Amid the slow economy and increasing federal deficit, a much needed surge in tax revenue means that a growing number of taxpayers can expect to...
The world is full of unintended consequences, and it's time the presidential candidates started thinking about them. The subject, my friends, is debt relief -- and the unintended consequences might be a huge tax bill for the unburdened debtors. In separate statements at two debates,...
Many people who set up private foundations hope they will continue for generations. Yet a variety of factors conspire against that, ranging from the death of the original founder to a desire for greater privacy in charitable affairs. A popular solution is to dissolve the foundation and distribute...
Though it's not always easy to believe, changes in tax laws are generally made to help taxpayers. The Internal Revenue Service's new Form 990 might be an example of medicine that's ultimately helpful, even though it might not taste very good going down. A recent amendment to...
Participation and interest in the development and adoption of electronic data exchange standards continue to grow, as seen at the Accredited Standards Committee ASC X12 Trimester meeting, September 21-26, 2008 in Pittsburgh, PA. The X12 Steering Committee is grateful to its members, for developing several new proposals, and the Platinum...
SARASOTA, Fla. -- Don't make a costly mistake with your retirement money in today's turbulent financial markets, says Sarasota financial planner Phil Couture. "Do everything you can to avoid making withdrawals from your retirement accounts to meet immediate cash needs, and take steps to safeguard your long-term investments," said...
A tax lien is a legal claim filed in court by a government against a person or business owing taxes. Liens are civil, not criminal claims, and normally seek to attach money and/or property to pay the taxes. A list of liens is kept at the county courthouse showing whom...
Smart Chip Technologies (PINKSHEETS: SCTN) is pleased to announce that the company has obtained official written approval of an Offer In Compromise settlement from the IRS Appeals Division concerning the Company's past payroll tax liability. The settlement of this tax issue was reached after several years of negotiating with...
In 2007, 1 in 97 tax returns were examined by the IRS, up from 1 in every 202 in 2000. That number is likely to rise again this year as the IRS steps up its efforts to close the $290 billion tax gap by increasing audit activity. In fact, starting...
Early issuance of updated draft Form 990 instructions In connection with the significant IRS project of redesigning Form 990 -- the annual information return required to be filed by tax-exempt organizations -- a revised draft of the detailed instructions was issued in August. ...
A federal bankruptcy judge issued an order Wednesday allowing Woodward-based Boom Drilling to use cash collateral to continue operations and pay expenses on an interim basis through Oct. 9, pending a final hearing on the company's motion. Boom and three affiliated companies filed for Chapter 11 protection on...
Regulators have been busy the last few months providing clarity around moving IRA funds into health savings accounts, making smaller account contributions for highly paid workers and complying with testing periods. In the end, it's questionable whether these tweaks can stem the spreading belief that - given how complicated it...
A tax lien is a legal claim filed in court by a government against a person or business owing taxes. Liens are civil, not criminal claims, and normally seek to attach money and/or property to pay the taxes. A list of liens is kept at the county courthouse showing whom...
