Category Archives: Daycare Providers
Notify the IRS when you change your address
Here’s a question you might not expect to hear from your accountant: What’s your last known address? Your answer could have tax consequences. Why? For purposes of most IRS correspondence, your last known address is the one on your last … Continue reading
Is your business getting paid on time?
Small businesses regularly fail. In fact, fewer than 50% are still operating within five years of opening their doors. Why is the failure rate so high? Often it’s because management hasn’t established and implemented a strong collection policy. Deadbeat customers … Continue reading
Have you asked yourself…What if I file for bankruptcy protection?
In these tough economic times, more and more people are struggling to get by. Do you know how filing for bankruptcy relates to your taxes? Please give me a call before you file. We might be able to analyze your … Continue reading
Posted in All Service Providers, All Taxpayers, Bankruptcy, Daycare Providers, Ever wonder, Have you ever asked, IRS Tips, Realtors
Tagged All Service Providers, All Taxpayers, Bankruptcy, bankruptcy code, bankruptcy estate, bankruptcy tax, Daycare providers, Ever wonder, Have you ever asked, IRS Tips, Realtors, separate estate, tax debts
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Ever wonder…What if I receive unemployment compensation?
Unemployment compensation you received under the unemployment compensation laws of the United States or of a state must be included in your income. It is taxable income. If you received unemployment compensation, you should receive Form 1099-G showing the amount … Continue reading
Ever wonder…. What if I lose my job?
The loss of a job may create new tax issues. Severance pay and unemployment compensation are taxable. Payments for any accumulated vacation or sick time also are taxable. You should ensure that enough taxes are withheld from these payments or … Continue reading
How to Prepare Before a Disaster Strikes
Timely advice on recordkeeping and disaster. I hope no one needs this info!!!! A home disaster can be stressful enough without reconstructing important records and accounting for belongings. The Internal Revenue Service encourages taxpayers to safeguard their financial and tax … Continue reading
10 Facts from the IRS about Amending Your Tax Return
If you discover an error after you file your tax return, you can correct it by amending your return. Here are ten facts from the Internal Revenue Service about amending your federal tax return: 1. When to amend a return … Continue reading
Keep Good Records Now to Reduce Tax-Time Stress
This is the number one thing you can do to limit your IRS Audit Risk. Email me with any questions, kevin.murray@murraytaxservices.com You may not be thinking about your tax return right now, but summer is a great time to start planning … Continue reading
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