Vacation homes are taxed under one of three sets of rules depending on how long the homeowner rents the property. If you rent your vacation home for fewer than 15 days during the year, no rental income is includible in gross income. If you rent the property for 15 or more days during the tax […]
Read More… from Vacation Homes – sometimes you don’t declare the rent!
We have had a scrolling notice on our main website www.USATaxHelp.com for well over a year about this issue. Here is the latest posting on the State of Florida website…….. CONSUMER ALERT! Arvitas, LLC is a private company sending e-mails to businesses in Florida offering to file annual reports. ARVITAS IS NOT AN AGENT OR REPRESENTATIVE FOR […]
Congress has announced that the 0.2% FUTA surcharge will not be extended before June 30, 2011. Employers have been required to pay a flat rate of 6.2% on the first $7,000.00 of each employee’s annual wages for FUTA. The 6.2% FUTA rate included a temporary 0.2% surcharge that was first added in the 1970’s. The FUTA rate […]
The IRS does not send taxpayers unsolicited e-mails about their tax accounts, tax situations, or personal tax issues.If you receive such an e-mail, it’s a scam. […]
For wages earned starting 6/1/2011 Florida employers must start paying their employees $7.31 per hour. This is an increase of $.06 over the current minimum wage of $7.25 per hour. Tipped employees must be paid an hourly rate of $4.29 per hour on wages earned starting 6/1/2011. Please visit the website http://www.floridajobs.org/minimumwage/index.htm for more information. […]
IRPAC (Information Reporting Program Advisory Committee) was established in 1991 as a result of an administrative recommendation contained in the final conference report for the Omnibus Budget Reconciliation Act of 1989. The recommendation suggested that the IRS consider “the creation of an advisory group of representatives from the payer community and practitioners interested in the […]
You heard Bush tax cuts were extended BUT did you know……… it excluded more than 70 temporary programs from the bill, including federal subsidies for state and local borrowing (Build America Bonds), a sales tax deduction for new cars and trucks (although you can deduct sales tax paid in 2010 for a 2009 purchase), a […]
For well over a year we have had a scrolling alert on our main website www.USATaxHelp.com about this issue…. here is State of Florida’s latest web post….. CONSUMER ALERT! Arvitas, LLC is a private company sending e-mails to businesses in Florida offering to file annual reports. ARVITAS IS NOT AN AGENT OR REPRESENTATIVE FOR THE FLORIDA DEPT. […]
Taxpayers will have until Monday, April 18 to file their 2010 tax returns and pay any tax due because Emancipation Day is a holiday observed in the District of Columbia. It is on April 15th, so by law, DC’s holidays impact tax deadlines in the same way that federal holidays do; everyone (persoal tax returns, not corporate) […]
“Making Work Pay” provision is dropped in favor of the 2% FICA reduction (Social Security part) to the employee from the 2010 rate of 6.2% to 4.2% for 2011. […]
