Author: Charles Shapero

Do You Need a New EIN? Generally, businesses need a new EIN when their ownership or structure has changed, but the rules can be a bit confusing. ..

Taxation of abandonments, foreclosures and repossessions Many individuals in the current economy have had trouble paying mortgages, car notes and other debts. Some are forced to abandon..

Seven Tips to Help Taxpayers Avoid Phony Refund Schemes Abusing Popular College Tax Credit The IRS has offered  the following seven tips to help you avoid an..

How to qualify for the Child Tax Credit! Eligible taxpayers with qualifying children may be able to reduce your federal income tax by up to $1,000 for..

Eight Facts about New IRS Form 8949 and Schedule D The IRS has a new form taxpayers must use to report most capital gains and losses from..

Seven Tips to Help You Determine if Your Social Security Benefits are Taxable. Many people may not realize the Social Security benefits they received in 2011 may..

The New 1099-K Adds A New Level of Confusion This year, there’s one more 1099 form to add to the mix: the 1099-K. If your business takes..

TAX SEASON STARTS!! Tuesday, Jan. 17, marks the start of tax season, as the IRS opens up its system to accept e-filed individual tax returns. This is different that..

Federal Reserve’s ‘beige book’ confirms improving U.S. economy! The Federal Reserve’s latest report on the nation’s regional economies showed that the pace of activity around the country..

IRS Expands fight against identity theft The Internal Revenue Service has increased its battle against identity theft, creating a special section on its Web site dedicated to..