Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
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Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
- Surprised By the Kiddie Tax? There Are Ways To Avoid It!
- Were you caught by surprise when you found out that your almost adult child was subject to the Kiddie Tax? You are not alone. Kiddie tax rules generally apply to children through the age of 18 and full-time students under the age of 24.
- Rejoice - Congress Overturns Enhanced 1099 Reporting Requirements
- In earlier newsletters, we had notified you of two new 1099 reporting requirements for businesses and rentals.
- New 2011 Reporting Requirement for Landlords
- If you use unincorporated independent contractors to perform services for your rental and you pay them $600 or more for the year, you are required to issue them a Form 1099 after the end of the year.
- What Happens with Taxes if the Federal Government Shuts Down?
- A Federal shutdown will delay tax refunds for taxpayers who file their returns on paper rather than electronically. The IRS states that electronically filed returns have their refunds processed automatically. The April 18 tax deadline is still in effect for filing 2010 returns. So do not delay if you have not yet filed your tax return. Filing late with a tax due will incur both late filing and late payment penalties.
- Tax Due Date Rapidly Approaching!
- Just a reminder that the due date for 2010 tax returns is April 18, 2011! Normally the deadline is April 15, but when a due date falls on a weekend or holiday, the due date is extended until the next business day.
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