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IRS to Launch Sweep of Employers' Payroll Practices
9 hours ago ago from Real Estate Law Blog
The Internal Revenue Service has announced that it is launching a major audit initiative targeting underpayment of employment taxes by U.S. companies. Over the course of the three-year initiative, the agency will randomly select 6,000 employers for in-depth audits of their employment tax payments and practices. Armed with the data gathered from those audits, the IRS will adopt a new enforcement strategy designed to ferret out those employers ...
Related content“Use tax” the state’s way of taxing donations
1 day ago ago from Compare IRS Tax Attorneys
that if the homeless shelter is giving regularly giving away food then the tax was imposed in error. The law is not in error." "We very much appreciate businesses that donate to the Shelter," said Johnson. So if you would like to see this "use tax" law changed, contact your State legislators. Husted also directed me to the state law code and mentioned that "All donations to the Idaho Food Bank Warehouse are already exempt under Idaho Code ...
Related contentScared you are faced with an Internet Marketing Tax Audit
17 hours ago ago from t303.net
One of domainers' greatest fears is the threat of an Domain tax audit. An IRS auditor is about as scary as a dentist with a drill preparing to inflict a root canal operation. The best thing you can deliver during an audit is remain calm and try not to give the IRS auditor any reason to be more fearful than he alreadyinherently is. Understanding tax concepts can be helpful with the ecommerce tax guide . Getting audited does not ...
Related contentVirginia Fact-Check: Gov. Tim Kaine
9 hours ago ago from Old Dominion Watchdog
Gov. Tim Kaine: “Most citizens are stunned to find out that a portion of the sales tax they pay for services doesn't go to services, but that $70 million a year stays with the merchants.” Virginia Fact-Check says: Barely True. Anticipating a $3.6 billion shortfall, Kaine is preparing a 2010-2012 budget to present to the General Assembly on Dec. 18. He said last week he’ll propose ending some tax breaks, including the dealer discount ...
Related contentUseful Sales Tax Blog.
12 hours ago ago from The Company Line: BLOG
While researching information about the new reseller permits effective January 1, 2010 in Washington , I came across a useful sales tax blog. The Sales Tax Connection is a blog about sales tax issues around the globe, it also provides links to other applicable sites. What I like about this blog is that it is approachable. Legal speak can often be confusing, and it can often be categorized as another language. But The Sales Tax Connection ...
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Texas Instruments raises 4Q profit, sales targets
8 hours ago ago from Good News Now
DALLAS -Texas Instruments Inc. raised its fourth-quarter profit and sales outlook on Tuesday, citing an improving market for chips used in cell phones and other electronic gadgets like hard disk drives and video game consoles. Dallas-based Texas Instruments now expects to earn between 47 cents and 51 cents per share, up from a prior estimate of 42 cents to 50 cents and above third-quarter earnings of 42 cents per share. In its regular ...
Related contentTaxMasters' Creates New Jobs in 2009 Despite Challenging Economy
18 hours ago ago from FanHouse
HOUSTON, Dec. 8 /PRNewswire-FirstCall/ -- TaxMasters, Inc. (OTC Bulletin Board: TAXS), the IRS tax relief company, today confirmed employee growth numbers for 2009. Since January 1, 2009, the company has added 123 new employees, a 53% increase, and now totals 307 total employees. Coming off a year of strong growth for TaxMasters in both sales and profit, the company added case managers, tax preparers, and grew its client service area. The ...
Related contentMen's Wearhouse Reports Fiscal 2009 Third Quarter Results
10 hours ago ago from Good News Now
HOUSTON, Dec. 8 /PRNewswire-FirstCall/ -- The Men's Wearhouse (NYSE: MW) today announced its consolidated financial results for the third quarter ended October 31, 2009. Third Quarter Sales Summary - Fiscal 2009 ------------------------------------------------------------------------- U.S. dollars, Total Sales Comparable Store in millions Change % Sales Change % ------------------- -------------------- Current Prior Current Prior Year Year ...
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