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Recently I Received A Notice From The IRS Regarding A Tax Matter From 2010. I Am Trying To Communicate With Them Via Email But It Is...
User Photo John Dundon, II EA
Tax Professional Level: Tax Wizard

This is a fantastic question. IRS Examination, Appeals and Collection all communicate via phone, US Mail or fax. Usually IRS Local Area Counsel communicate via email. For years I have been asking this question...   Read More
0 0 IRS
What States Have No Income Tax?
User Photo John Dundon, II EA
Tax Professional Level: Tax Wizard

Alaska Florida Nevada South Dakota Texas Washington Wyoming Two states have a limited income tax on individuals. These states tax only dividend and interest income: Tennessee New Hampshire   Read More
0 0 State Tax
As A Small Business Owner In San Francisco, CA I Was Recently Told That There Is A Gross Receipts Tax On Business. Can You Explain To Me...
User Photo John Dundon, II EA
Tax Professional Level: Tax Wizard

According to the San Francisco Examiner ... "San Francisco’s payroll tax was kicked to the curb in the November election and replaced with a levy on businesses’ gross receipts." The article goes on to...   Read More
If I Have An Employee That Telecommutes Full-time From Arizona And My Business Is In California, Am I Subject To Business Taxes In Arizona?
User Photo Michael Fleming
Tax Professional Level: Tax Enthusiast

Unfortunately the answer to your question would be yes, an employee telecommuting from AZ would give you nexus in AZ and therefore subject you to the Transaction Privilege Tax (Sales Tax) and Corporate Income Tax....   Read More
Can I Deduct My Gambling Losses On My Tax Return? What Kind Of Documentation Should I Have To Do This?
User Photo Harold Goedde
Tax Professional Level: Tax Enthusiast

Gambling winnings are reported as “other income” on form 1040, line 21. You can deduct gambling losses up to the amount of winnings. Losses are taken as a miscellaneous itemized deduction on form 1040,...   Read More
How Is The Capital Gains Tax Computed On An Office Building That Was Sold That Was Used To Rent Office Space And Was Originally Purchased...
Tax Professional Level: Tax Enthusiast

This is one of those questions that needs more questions and answers. 1. In the first part of the question it appears that she was renting out the 2 building as office space. 2. If this is the case the office...   Read More
What Is The Current Tax Rate For Companies?
User Photo Anthony Campisi
Tax Professional Level: Tax Enthusiast

The Tax rate is 30% for the 2011-12 income year. This includes corporate limited partnerships, strata title bodies corporate, trustees of corporate unit trusts & public trading trusts.   Read More
Can Someone Please Explain What The New Reporting Regime Is About With Regard To The Building & Construction Industry?
User Photo Anthony Campisi
Tax Professional Level: Tax Enthusiast

A new reporting regime came into effect on July 1, 2012, requiring businesses in the building & construction industry to report payments to contractors. The first of these reports is due on 21st July, 2013....   Read More
How Does The IRS Determine The Difference Between A Tip And Service Charges?
User Photo John Dundon, II EA
Tax Professional Level: Tax Wizard

According to IRS administrative guidelines to its examiners concerning Rev. Rul. 2012-18, published in the 2012-26 Internal Revenue Bulletin, when performing a tip examination (aka audit), IRS examiners must ensure...   Read More
0 0 Gratuties
Can You Deduct The Cost Of A Service Animal On Your Income Tax Return?
User Photo Lisa Nason CPA, MST
Tax Professional Level: Tax Enthusiast

Yes. Here is what the IRS says in their 2012 Medical and Dental Expenses Publication 502: Guide Dog or Other Service Animal— You can include in medical expenses the costs of buying, training, and...   Read More

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