Year: 2012

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? The IRS audits only slightly more than 1% of all..

The Internal Revenue Service today announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2013. Some of the key changes..

2013 Standard Mileage Rates The IRS has released the 2013 standard mileage rates!  And you know how we at Widget LOVE the standard mileage rate! BUSINESS MILES..

IRS Warns – Tax Season could be delayed into MARCH due to slow-acting Congress!! As the end of the year approaches, and now that Obama has been..

What does the term “The Fiscal Cliff” mean? You can’t pick up a newspaper or go online without seeing stories about the coming “fiscal cliff”, “tax cliff”..

The Tax System explained using…BEER!! The tax system, and how it affects the rich and poor, is often a misunderstood concept.  I recently came across a little..

Should your independent contractors really be employees? The IRS, U.S. Department of Labor, and state governments have a big stake in correctly classifying workers. Improper treatment of workers..

Everyone has heard of the “timely mailed = timely filed” rule, otherwised known as the postal service rule, whereby if your return, payment or other filing is..

Tax planning in the last quarter of 2012 is important! As any of Widget’s clients know, we always recommend a planning meeting in the last quarter.  Widget does..

Is Office Artwork Depreciable Property?  Many offices contain artwork to make customers feel comfortable and to give the business an air of success.  Or they could be..