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Tax Tips and Updates: December 2010
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Tax Tips and Updates. Tuesday, December 14, 2010. EBay Sales Can Be Taxable. IRS employee Andrea Orellana failed to report income from sales on eBay from 200-2005. During those six years Orellana participated in over 7,000 transactions. From those transactions Orellana had unreported income of over $36,000. In 2005 alone she had unreported income of $21,062. Orellana used many different user IDs during the years. Source: www.accountingtoday.com. Starting for 2011 tax returns, taxpayers who sell more than...
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Tax Tips and Updates: IRS Tax Tips Capital Gains
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Tax Tips and Updates. Thursday, April 28, 2011. IRS Tax Tips Capital Gains. Ten Important Facts About Capital Gains and Losses. Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss. If you have long-t...
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Tax Tips and Updates: September 2010
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Tax Tips and Updates. Friday, September 10, 2010. HSA and Montana Medical Savings Account. The 2010 HSA contribution maximums are $3,000. For an individual account and $6,150. HSA holders 55 and older can contribute an extra $1,000 which means $4,000 max or $7,150). For more information about HSA's go to:. Http:/ www.ustreas.gov/offices/public-affairs/hsa/faq eligibility.shtml. Montana Medical Savings Account (MSA). MT ONLY Tax Deduction. Plus any interest the account accumulates each year. Money wit...
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Tax Tips and Updates: January 2010
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Tax Tips and Updates. Monday, January 4, 2010. 2010 Standard Mileage Rate. The 2010 federal mileage reimbursement rate is 50¢ per mile. This is down 8¢ from 2009, mostly due from lower fuel costs. McGuire and Associates CPAs. Subscribe to: Posts (Atom). McGuire and Associates CPAs. View my complete profile. Return to McGuire and Asscociates. 2010 Standard Mileage Rate.
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Tax Tips and Updates: eBay Sales Can Be Taxable
http://jmcguirecpa.blogspot.com/2010/12/ebay-sales-can-be-taxable.html
Tax Tips and Updates. Tuesday, December 14, 2010. EBay Sales Can Be Taxable. IRS employee Andrea Orellana failed to report income from sales on eBay from 200-2005. During those six years Orellana participated in over 7,000 transactions. From those transactions Orellana had unreported income of over $36,000. In 2005 alone she had unreported income of $21,062. Orellana used many different user IDs during the years. Source: www.accountingtoday.com. Starting for 2011 tax returns, taxpayers who sell more than...
jmcguirecpa.blogspot.com
Tax Tips and Updates: November 2010
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Tax Tips and Updates. Monday, November 22, 2010. Credit Card Security Standards for Your Business. Does your company accept credit cards? If the answer is yes, read this following information to make sure you are in compliance with the Payment Card Industry security standards. When you have any credit card numbers stored in QuickBooks, CRM database or online Web Store you need to comply with the following standards which are made of six principles and twelve requirements:. Protect stored cardholder data.
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Tax Tips and Updates: August 2011
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Tax Tips and Updates. Tuesday, August 16, 2011. 38 Medicare Surtax Email Rumors. The 38% Medicare surtax won't apply to all home sale profits after 2012. Many readers tell us they've received e-mails or read newspaper articles asserting that gains on all home sales will be hit by a 3.8% tax. That is incorrect. But profits on sales of rental properties and second homes will be hit by the surtax, assuming that the seller's adjusted gross income is large enough. August 5, 2011 Kiplinger Tax Letter.
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Tax Tips and Updates: October 2011
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Tax Tips and Updates. Tuesday, October 18, 2011. Stephanie McGuire Appointed to National Intuit Accountant and Advisor Customer Council. Select Panel Advises Financial Software Maker on Products and Services That Accountants and Their Clients Want Most. Bozeman, MT – Oct. 14, 2011 –. 8220;Stephanie brings a wealth of experience to our advisory council,” said Kim Amsbaugh, accountant and media relations for Intuit. “We seek the best professionals to help us create the best products and ser...McGuire said ...
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Tax Tips and Updates: December 2009
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Tax Tips and Updates. Friday, December 18, 2009. Checkout our new Appointment Widget! On our web site you can request an appointment with us for any of our services, check availability, pick your service, select your favorite service provider, submit your contact info, approve your appointment. All without talking to a single person at our office. You are in complete control and we are here to serve your needs any time you need us with just a click away. Check it out! It's also at the side of this page!