by Dan Smith | May 10, 2013 | Entrepreneurs' Business Blog
Earlier this week, the U.S. Tax Court published an opinion in a case that demonstrates very, very clearly the importance of getting your tax returns filed. As you’ve probably often heard, you are always better off filing your tax return on time, even if you...
by Dan Smith | Apr 10, 2013 | Entrepreneurs' Business Blog
As April 15 rapidly approaches, harried American taxpayers need some bit of good news, so I am glad to be the messenger of good tidings–even before expected budget cuts attributable to the recent sequester, the number of IRS audits that individual taxpayers were...
by Dan Smith | Jan 5, 2013 | Entrepreneurs' Business Blog
No, there is not a typo on the title to this post. Pease refers to the a new provision of tax law, courtesy of the end-of-the-year fiscal cliff deal, and is named after former Rep. Donald Pease (D., Ohio). If your adjusted gross income is over $250,000 ($300,000...
by Dan Smith | Jan 4, 2013 | Entrepreneurs' Business Blog
On December 31, 2012, the IRS issued tax withholding tables on the assumption that we were going over the fiscal cliff. Technically, we did go over the cliff, but only for a few hours. In addition, the fiscal cliff deal that was passed on January 1, 2013, made the tax...
by Dan Smith | Jan 3, 2013 | Entrepreneurs' Business Blog
Public Chapter 1051 became effective January 1, 2013, and it makes changes to the Tennessee Business Corporation Act. You can read Public Chapter 1051 here: pc1051-1.