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– BizTaxTalk | Get & Give Tax Help for Small Businesses
Oops!! Preparer's Ommission Leaves Couple with $104,295 penalty! 30 Aug 2011 | 06:03 pm
Oh, the poor Woodsum's. They took their return to their preparer who left one measly 1099-Misc off their return and this poor couple gets stuck with a $104,295 penalty...not to mention the $521,473 ta...
Big Tax Hike for S corporations 27 May 2010 | 11:14 am
One of the main advantage for forming an S corporation is about to go away. Right now, S corporation shareholders only pay employment taxes on the wages paid. But thanks to Section 413 of HR 4213-Ame...
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All About Sole Proprietorship hillcrestmc.org 26 Mar 2012 | 10:29 pm
“Sole proprietorship” refers to a business that is owned by a single owner and should not be confused with a corporation. There are no corporate taxes involved and the sole proprietor pays income tax ...