The GAO found that an area of particular concern is the collection of federal employment taxes. When considered in light of the government’s need for more revenue, this report will put added pressure on the tax agency to enforce tax laws and collect delinquent taxes. The IRS acknowledges that it has powerful tools available for [...]
That’s correct! In California, for example, the payer must report the independent contractor to EDD within 20 days of paying or for contracting for $600 or more in personal services. Since you must report the IC just for anticipating paying him/her $600 or more, it is possible the report is due before the first payment [...]
Over the past several years San Francisco’s Health Coverage Law (Chapter 14, San Francisco Health Care Security Ordinance) has been awaiting its fate in the court system. A local restaurant had filed a suit claiming the ordinance passed by the city council in 2006 was not legal under federal law. Without thrashing the details of [...]
WASHINGTON – IRS National Taxpayer Advocate Nina E. Olson released her annual report last week, urging Congress to greatly simplify the tax code. The report recognizes that IC compliance is a difficult and complex area, stating that “the complexity and ambiguities in the existing worker classification rules create uncertainty and lead to noncompliance.” Tax Laws [...]
For years the IRS has been telling law makers they could collect more money if they had more resources and stronger enforcement tools to close the Tax Gap. In the past when the IRS spoke of the Tax Gap it primarily meant domestic taxpayers-those who lived and worked inside the USA. This year the IRS [...]
The Congressional Budget Office (CBO) has just submitted its report: “The Budget and Economic Outlook: Fiscal Years 2009 to 2019″ to Congress this year. This is a legal requirement under section 202(e) of the Congressional Budget Act of 1974. The CBO is mandated to be independent and nonpartisan in producing this report on the state [...]
I’ve rounded up a collection of seemingly random facts that are only part of our environment as we enter 2009 (there’s not enough time and space for everything such as; pending legislation, the stock market, bank bail out, car manufacturers bailout, or international competition). Some of these facts approach trivia and some are significant. However, [...]
In November, after the election, I reported to you that President-Elect Obama and the Democrats were not the only winners. Organized labor is also celebrating. Why? Because Obama was a co-sponsor of the Employee Free Choice Act (EFCA) and has promised as President he would sign it into law. EFCA would result in some of [...]
The Internal Revenue Service issued the 2010 standard mileage rates used to calculate the deductible costs of operating an automobile for business purposes. Beginning on January 1, 2010, the standard business mileage rates for the use of a car (this also includes vans, pickups or panel trucks) will be 50 cents per business mile driven. [...]
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