Category Archives: Income Tax

10 Top Reasons You Need A New Tax Preparer |

“Some of you though really don’t know whether or not you are in any danger of an audit which will make your hard-earned money leave your wallet. You aren’t aware of the many subtle ways you can find yourself in hot water with taxing authorities, but you have this nagging ache in the pit of your stomach every time you sign your return. And the thought of taking a group picture while doing 2-5 for tax fraud really doesn’t appeal to you.” Continue reading

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Charitable Giving Rules | Eustace Greaves Jr.

The average tither or charitable donor making their gifts using checks or cash will find themselves facing massive tax penalties at audit if the charity receiving the gift fails to comply with one of the simplest charitable giving rules. Continue reading

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Double Dees New Meaning | BrooklynCovered.com

This year, the cost to your employer to provide you with employer-sponsored health insurance (nontaxable, at least so far), is represented by the box 12 amount next to the DD’s. According to Notice 2011-28 in IRS Section 6051 employers are now required to show on each employee’s annual Form W-2 the value of the employee’s health insurance coverage sponsored by the employer. Continue reading

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