CERTIFIED PUBLIC ACCOUNTANTS
Carol A. Rittenhouse, Enrolled Agent
216 E. Commonwealth Ave.
Fullerton, CA 92832
TEL: 714.525.1123
FAX: 714.525.9666
info@fullertonbusinessservice.com
Published: January 12, 2012 at 11:53 am
Threat from Increased IRS Automation and Workload-Accountingtoday.com January 2012
“National Taxpayer Advocate Nina E. Olson’s annual report to Congress highlights the combination of an expanding IRS workload and declining resources as the most serious problem facing taxpayers.”…..
Published: January 10, 2012 at 2:27 pm
What’s new for 2011 filing season?-Accountingtoday.com January 2012
“Year-end planning is now behind us. Many believe that the failure of the joint congressional committee to reach a deficit reduction agreement pushes fundamental tax reform off at least until after the 2012 elections. Some tax changes are still possible with respect to jobs promotion and extending expiring provisions, but those efforts will be primarily focused on 2012. So, what do we know now about what is new for the 2011 tax return filing season?….”
Published: January 10, 2012 at 2:25 pm
State cracking down on income-tax deduction for Mello-Roos fees- OC Register January 2012
“Happy New Year. A tax many California property owners have not been paying now is going to be demanded of them by the Franchise Tax Board.
It concerns special assessments for vector control, mosquito abatement and water fees that almost everybody pays. But it mainly concerns property subject to Mello-Roos fees, special assessments created in 1982 to fund improvements and infrastructure in newer communities and which are not subject to Proposition 13′s limits on property taxes……”
Published: February 3, 2011 at 11:12 am
Three Democratic Senators have written a letter to House Speaker John Boehner, R-Ohio, urging him to fix the 1099 reporting requirement in the health care reform law, and have pledged speedy action in the Senate if he does.
Click Link below to read full article
Urge to Fix 1099 Reporting-Accountingtoday.com
Published: December 17, 2010 at 9:17 am
House Passes Extension of Bush Tax Cuts -Accountingtoday.com
It looks like there is more certainty about tax rates for the next two years and this should be stabilizing for the economy.
Published: December 15, 2010 at 2:15 pm
IRS Audits Jump by 11%-AP on YahooNews.com
WASHINGTON – The Internal Revenue Service is making it a bit riskier to cheat on your taxes.
The tax agency increased the number of returns it audited by nearly 11 percent this year, statistics released Wednesday show. Wealthy taxpayers and big businesses were most likely to be targeted.
Published: December 14, 2010 at 10:27 am
Extension of Current Tax Rates for 2011 and 2012-Accountingtoday.com
The Bush tax cut and unemployment benefit extension legislation passed a key procedural hurdle in the Senate on Monday, overcoming the 60-vote threshold needed to come up for a vote later in the week.
Published: December 13, 2010 at 3:32 pm
Published: December 13, 2010 at 3:24 pm
“Senate Again Fails to Repeal 1099 Requirements”-Accountingtoday.com
The Senate voted Monday evening on a competing pair of amendments to repeal the expanded 1099 information reporting requirements that were included in the health care reform bill, but failed for the second time this fall to roll back the controversial requirements.
Published: December 13, 2010 at 10:47 am
2011 Tax Deductible Mileage Rates-Accountingtoday.com
The Internal Revenue Service has issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.