Sandi Lattin

Unemployment Taxes

Businesses hit hard by the recession during the past two years are in for the tax system's version of a follow-up sucker punch in 2010. In 35 states, the rate for unemployment taxes will rise (automatically, in most cases) due to the heavy toll absorbed ... Read >

More Tax Breaks

The IRS has released instructions to help employers implement the 2011 cut in payroll taxes, along with new income-tax withholding tables that employers will used during 2011. Millions of workers will see their take-home pay rise during 2011 because th... Read >

Filing Taxes Online

For tax planning, the only certainty is uncertainty. Below are the current updates to the 2010-2011 Tax season that effective for 2010. At this time there is uncertainty as to what other tax law changes may be enacted for 2010. Congress has been discus... Read >

Federal Tax Filing

With Congress enacting six new tax laws in 2010, compared to only two in 2009, U.S. Taxpayers have never needed more help from their tax professionals then they do this tax season. Clients are understandably confused by the profusion of tax law chang... Read >

Agricultural Tax Tips

If your deductible loss from operating your farm is more than your other income for the year, you may have a net operating loss (NOL). You may also have an NOL if you had a personal or business-related casualty or theft loss that was more than your incom... Read >

Self-Employed Individuals

Who is Self-Employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade or business as a sole proprietor or an independent contractor. You are a member of a partnership that carries on a trade or business. ... Read >

Tax Liens

The Advocate's continuing concern that IRS collection practices inflict unnecessary harm on financially struggling taxpayers and fail to achieve the IRS's overriding objective of increasing long-term voluntary compliance with the tax laws. “Tax collect... Read >

Tax Liability

Tax Breaks reduce average tax liability by about $8,000 per return. A TAS analysis found that, on average, the tax liability of each individual who files a federal tax return is reduced by about $8,000 a year due to these tax breaks. Moreover, since tax... Read >

Annual Report for Congress

National Taxpayer Advocate Nina E. Olson today released here annual report to Congress, identifying the need for tax reform as the number one priority in tax administration. The Advocate expressed continuing concern that the IRS's increasing use of hard-... Read >

2011 Stimulus Plan

President Obama has reached an agreement with Republicans in regards to what could be called the “2011 Stimulus Plan". The tax reduction and spending agreement is broad based. It will benefit the whole economic spectrum of the American populace. The ... Read >

New Tax Laws

Senators have finally struck a deal on a revamped, $780 billion economic stimulus package (originally $819 billion), paving the way for the stimulus bills passage and allowing President Barack Obama to implement his plans for reviving the economy. The pl... Read >

New Unemployment Benefits

Unemployment benefits will be restored for millions of Americans under the tax-cut measure President Barack Obama signed into law Friday. Sylvia Kittrell of Orlando, Fla., isn't among them. A social worker unemployed for more than two years, she's one of... Read >

Tax Cut Deal

Now that the President has signed the Tax Hike Prevention Act of 2010, taxpayers will have some certainty about their tax situation, if only for the next 24 months. Here is a list of some of the biggest items that will affect individuals. Extended inc... Read >

New 2010 Tax Changes

Before you file 2010 taxes in Spring of 2011, you should carefully examine the individual tax return instructions for important changes. In the 2009 instructions for Form 1040, the IRS listed many changes to expect for the 2010 tax year. 2010 Taxes – ... Read >

Will Bush-Tax Cuts Be Extended?

President Obama proposed a compromise on Monday on the political issues of tax cuts. He described an agreement that would extend all of George W. Bush's reductions that are set to expire the end of this year & continue unemployment benefits for 13 months... Read >