Tax News
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1. 1099s must be issued to some corporations.
2. Mortgage interest deductible even though taxpayer not on title.
3. Can taxes be discharged in bankruptcy.
4. What must I think about if I am selling or buying a
business.
5. Should I incorporate my business.
6.
Minimum Franchise Tax is free for the first two years.
7. Tax-Sheltered
Annuity Programs For Employees Of Public Schools And Certain Tax-Exempt
Organizations.
8.
Highlights of recent tax law changes.
9. Installment agreements.
10. The Collection process
(liens, levies, and Garnishments).
11. Offer in
compromise (settle your tax liability for cents on the dollar).
12. Innocent Spouse
Relief.
13. Installments sales
for accrual basis taxpayers repealed; But a new bill has been introduced in
congress to repeal this. The IRS has issued a recent ruling )
allowing relief for certain accrual basis taxpayers. see Internal
Revenue Bulletin 2000-20. Might be repealed before the end of the 2000
or early 2001 ! Click
here to see the text of the most recent bill. The
Installment Tax Correction Act of 2000 was signed into law.
14. Teachers' retention credit.
15. New Independent
Contractor Reporting Requirements.
16. Long-Term
Care Credit Update.
17. New California tax law
allows Refundable child and dependent care credit.
18. Another Teacher Benefit
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