Tax & Business Services

John F Howes CPA





Category Page for: Business Taxes

Tax Season Has Begun

January 23rd, 2010 at 2:42 pm » Comments (0)

Just electronically filed the first 2009 tax return of my tax season. All went swimmingly well considering I am studying a 5 dvd, 600 page tax update manual of all ...more »

IRS Will Be Health Care Insurance Enforcers

January 14th, 2010 at 11:14 am » Comments (0)

Accounting Web has an article about the new duties the IRS will have regarding the new health care insurance reform bill:Monitoring compliance. Taxpayers will have to provide proof of coverage ...more »

New Taxes Contemplated for WA State

January 10th, 2010 at 1:42 pm » Comments (2)

[caption id="" align="alignright" width="300" caption="Image via Wikipedia"][/caption]Brad Shannon of the Olympian outlines new taxes being contemplated for Washington State to help with the budget crisis:Closing the exemption for door-to-door sales ...more »

Tax Tips: Year-End Tax Tips December 2009

December 4th, 2009 at 11:27 am » Comments (0)

httpvh://www.youtube.com/watch?v=xtXvCX3Tn24 Issued by the IRS today.[caption id="attachment_141" align="aligncenter" width="432" caption="Click to enlarge"][/caption][caption id="attachment_142" align="aligncenter" width="432" caption="Click to enlarge"][/caption]Here is the entire 2009 IRS Pub 17.more »

Tax Credits for Home Energy Improvements – They’re Baaaaack!

April 22nd, 2009 at 11:55 am » Comments (0)

[caption id="" align="alignright" width="200" margin="8px" caption="Solar water heater on a rooftop in Jerusalem"][/caption]The recent stimulus bill passed by Congress and signed by the President re-instituted home and business energy tax ...more »

Debt Cancellation on Short Sales and Foreclosures

January 25th, 2009 at 8:11 pm » Comments (0)

[caption id="" align="alignright" width="269" caption="Half million dollar house in Salinas, California"][/caption]For those facing a foreclosure or a short sale on real estate,  here is a video from an IRS forum ...more »

S Corporation – Officer Wage Trap

January 8th, 2009 at 2:10 pm » Comments (3)

[caption id="" align="alignright" width="202" caption="Average salaries of faculty of California State University faculty 2007"][/caption]There has been considerable controversy and misinformation regarding S corporations and wages paid to officers of the ...more »

LLCs, Corporations, Partnerships, Sole Proprietorships and Taxes

October 26th, 2008 at 12:07 pm » Comments (3)

There is a lot of confusion about Limited Liability Companies (LLCs) versus other types of business entities.  From strictly a tax standpoint, a limited liability company is not recognized in ...more »