Remember this year you have until February 29 to file your W2s and 1099s with the Government, 1099s with the IRS with form 1096 Transmittal and W2s with the Social Security Administration with Form W3 Transmittal.Here are W2 and W3 filing instructions:http://www.irs.gov/pub/irs-pdf/iw2w3_11.pdfHere are 1099MISC fIling instructions: http://www.irs.gov/pub/irs-pdf/i1099msc.pdfHere are 1099INT filing instructions:http://www.irs.gov/pub/irs-pdf/i1099int.pdfThere are other 1099s that sometimes need to be filed. They can be looked up on the IRS website:http://www.irs.gov/formspubs/index.htmlRemember the new form 1099K – I will talk about that a little tomorrow.You can count on us to count for you!
Brian’s Tax Musings – Another Bill to Tax Millionaires
Well another bill is being introduced in the Senate to tax millionaires. We all know where this will lead the way Congress is made up right now – nowhere. I guess it gives them something to talk about (and something for us to read about). Here is the link to the article in Accounting Today about the bill:http://www.accountingtoday.com/news/Senator-Introduces-Buffett-Rule-Tax-Reform-Bill-61615-1.html?ET=webcpa:e2175:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_020212You can count on us to count for you!
Brian’s Tax Musings – Easy Way to Store Tax Receipts
Here is an easy way to store your tax receipts. I know I have talked about this before, butit is very inportant in that it will make your life (and my life as well) easier.Anyway, if you have a credit card you can use (hopefully a rebate card), charge as many tax deductrions on this card as your can (make sure you pay it off each month so you don’t get hit with interest charges), then scan all the receipts into your comnputer. You then have all the records at your fingertips which you can print up if you get audited, and you don’t have a stack of paper to clutter up things (and you don’t have to give it to me when you want your taxes done.)You can count on us to count for you!