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Welcome to another edition of Tuesday’s Tidbits where we make tax and accounting simple, I’m your host Charles D. Shapero, CPA and today we’re going to talk..

Payroll tax collection continues to vex the Internal Revenue Service despite several court cases that have resulted in rulings favorable for the IRS regarding unreasonably low compensation…

Why should we care what the IRS thinks about our activity? Because under the hobby loss rules (IRC §183) the deductible expenses of a hobby are limited..

The number of children diagnosed with autism, Asperger’s syndrome, and other neurological disorders continues to skyrocket! The costs of providing care for the special needs child is..

The Patient Protection and Affordable Care Act (AKA Obamacare) seeks to change the way health insurance premiums are established, just as the Act Providing Access to Affordable,..

Certain things can increase your likelihood of an audit.  These are called “Red Flags”.  They should be avoided, if possible, because an audit is an unpleasant and..

So you think because you don’t withhold taxes and pay people with a 1099, that you are safe from all those payroll taxes?  Think Again! Internal Revenue..

Effective Sunday, February 10, 2013, the IRS will begin processing 2012 returns with Form 4562, Depreciation and Amortization. This includes all return types – 1040, 990, 1120,..

Be aware of audit flags when filing! Increasingly, the Internal Revenue Service has been chasing the big tax cheats and top earners to uncover missing tax revenue…