Tax & Business Services

John F Howes CPA




Posts Tagged With: Internal Revenue Service

$122,783.51 IRS refund issued in error

» by August 26th, 2009 at 5:20 pm » Comments (0)

One of my clients gets an adjustment of his taxes by the IRS which I know is incorrect.  It is a very small amount and it entails payroll taxes on ...more »

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

» by 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 »

Significant 2009 Tax Break for Purchase of a New Vehicle

» by March 31st, 2009 at 11:34 am » Comments (1)

[caption id="" align="alignright" width="202" caption="Compressed Air Car Image via Wikipedia"][/caption] The IRS just announced the new "above the line" tax deduction for the sales tax on the purchase of a NEW ...more »

Debt Cancellation on Short Sales and Foreclosures

» by 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

» by January 8th, 2009 at 2:10 pm » Comments (4)

[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 »

$266 Million Missing – Is Some of This Your Money?

» by October 29th, 2008 at 12:55 pm » Comments (0)

$266 million is the amount of money the Internal Revenue Service is holding because the refunds checks were returned to the IRS due to the address for the taxpayer not ...more »

Donations and Tax-Exempt Organizations

» by May 6th, 2008 at 12:43 pm » Comments (1)

The IRS recently released these guidelines concerning charitable contributions and tax-exempt organizations. The rules are being tightened up for deductions and filings from tax-exempt entities. Donations and Tax-Exempt Organizations Taxpayers who ...more »

Last Minute Tips

» by April 2nd, 2008 at 11:11 am » Comments (0)

Per the IRS: If you're trying to beat the tax deadline, there are several options for last-minute help: Receive a six-month extension of time to file using Form 4868, Application for Automatic ...more »
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