by Steven J Weil, PhD, EA, LCAM | Sep 27, 2023 | Blog
Getting Close to Collecting Social Security? Here’s some things to consider. 1) Distributions from your IRA or pension will affect how your social security is taxed. Single taxpayers receiving social security can pay tax on as much as 85% of their social security if...
by Steven J Weil, PhD, EA, LCAM | Sep 26, 2023 | Blog, Business Tax
Internet Sellers May Be Liable For Multiple State Sales Taxes The responsibility for collecting sales tax for internet merchants [and those others selling and shipping products out of their home state] changed in 2018 with the U.S. Supreme Court decision, South...
by Steven J Weil, PhD, EA, LCAM | Sep 22, 2023 | Blog, Payroll Preparation
Another Court Affirms Employees Overtime & Time Worked Pay Requirement The U.S. Court of Appeals for the Second Circuit has approved a ruling by a New York District Court finding that New York City Emergency Medical Technicians (EMTs) and paramedics were...
by Steven J Weil, PhD, EA, LCAM | Sep 9, 2023 | Blog, Business Tax, Personal Tax
No Statute of Limitations If You Don’t File A Return The statute of limitations for any given tax year does NOT start if you don’t file a tax return. This means that the IRS can assess taxes and even file criminal charges related to unfiled returns regardless of how...
by Steven J Weil, PhD, EA, LCAM | Sep 5, 2023 | Blog, Business Tax, Personal Tax
Florida Victims of Hurricane Idalia Get Tax Relief The IRS has provided tax relief to victims of Hurricane Idalia in Florida. These taxpayers now have until February 15, 2024, to file various individual and business tax returns and to make certain tax payments. This...
