There has been a lot of coverage regarding the extension of the “Bush-era tax cuts.” Now that congress has approved and President Obama has signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, one of the most exciting features for American workers will be the tax holiday. During the …
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As part of the National Research Project, examiners for the Internal Revenue Service will begin 6,000 planned audits of businesses to take place over the next 3 years. The audits will focus on employment taxes, specifically backup withholding for 1099s, fringe benefits, employee-independent contractor status, and executive/officer compensation. The purpose of this article is to …
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