Taxes

Many of us think we pay a lot of income tax.  How does your bill compare to others?  Look at www.taxpolicycenter.org for details.  According to the Tax Policy Center (as reported by the Austin American Statesman), more than half of the nation’s tax revenue comes from the top 10% of earners.  Most of that comes [...]

On April 14, 2011, President Obama signed the repeal of the expanded 1099 reporting rules.  The 2011 reporting rules are now the same as they were before two 2010 laws greatly expanded the requirements. 1099 reporting is still extremely important.  A business which pays an unincorporated entity (an individual who is not employee, sole proprietorship, [...]