Forgiven Debt? Be Aware of the Tax Impact
Losing your home is a terrible problem for many homeowners in the current economy. Homeowners facing foreclosure should be aware of all financial aspects of losing their homes before they start the process.
Your Copier – Friend or Foe?
The trusty copier has been in offices for years. No longer the humble duplicator, it’s been changing, developing, and getting smarter until it’s also a printer, scanner, and fax machine. Until CBS News opened our eyes recently, many of us never thought about the hidden hard drive it now contains to enable it to do [...]
Important Tax Exempt Organization Deadline
Are you connected with a tax exempt organization and are the tax returns filed currently? If not, your organization could lose its exempt status after May 17th. The Pension Protection Act of 2006 started a three-year countdown to remove the privileged status of all non-profit organizations – other than churches and church-related organizations – unless [...]
IRS Notices – What to Do if You Get One
With all of today’s technology it’s easier than ever for the IRS to spot (and make!) mistakes. And with every error or question the agency sends out a letter, so if you receive one: Don’t panic; you’re not alone! The Internal Revenue Service sends out millions of letters each year. Read the notice carefully because [...]
Consider Using a Payroll Preparation Service
We often discuss with friends and clients whether they should compute and prepare their payroll checks or use an outside service to handle this important process. While no standard answer applies to all businesses, some important issues should be considered in making that decision. Preparing payroll is: Complicated – If you’re not familiar with computing [...]
Copyright © 2010 Patrick & Robinson. All Rights Reserved.