Monthly Archives: July 2010

Final Chapter Not Yet Writ Re Onerous 1099 Rules

In theory there are some horrible new rules stating that a business will have to send 1099 forms to just about EVERYBODY they spend more than $600 with, beginning 2012. (In the past these forms were only sent to non-corporate … Continue reading

Posted in Uncategorized | Leave a comment

Tax Credit For Electric Vehicles – Including Certain Golf Carts!

You may be eligible for a 10% tax credit (max. $2,500) for new 2-, 3- or 4-wheeled plug-in electric vehicles. The vehicle must be for use on public roads and highways. So a tricked up golf cart should qualify. You … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

Payroll Tax On S Corp Dividends Spared – For Now…

The Unemployment Tax Bill that was just passed and signed into law is a shell of the original Am. Jobs and Closing Tax Loopholes Act that started in December, 2009. The original bill was reduced from hundreds of pages to … Continue reading

Posted in Uncategorized | Leave a comment

Extended FDIC Coverage Made Permanent!

FDIC coverage was permanently raised to $250,000 today as part of the Wall St. Reform and Consumer Protection Act! Details here http://tinyurl.com/2a95ynw

Posted in Uncategorized | Leave a comment

The Social Media Dentist is coming to Atlanta 9/24/10!

Bill Oakes, a Field Sales Consultant with Henry Schein Dental, has invited Doctor Jason Lipscomb to come to Atlanta on September 24 to Discuss using Social Media to grow your Dental Practice. Jason recently wrote three articles in DE on … Continue reading

Posted in Uncategorized | Leave a comment

Check out Andrew Emmott’s (Larry’s Son) New Anti-Buzz Computer Column

Larry Emmott (a leading techincal guru in the dental industry) apparently passed the computer gene on to his son, Andrew, who is a Computer Science student. He has added an Anti-Buzz feature to dad’s Emmott On Technology blog. Sounds like … Continue reading

Posted in Uncategorized | Leave a comment

Please forgive this system test…

Posted in Uncategorized | Leave a comment

Case Study: IRS Jumps On Car Deductions

Wendi Collier, our internal tax attorney, reports tough results of an actual IRS audit. [This is important because IRS has announced a program to look at owner deductions like meals, travel, auto, etc.] The auditor demanded to see copy of … Continue reading

Posted in Uncategorized | Leave a comment

Ortho & Wife Guilty Of Not Paying P/R Taxes – Face up to 5 Years and $250,000!

Allen Schiff, CPA and Certified Fraud Examiner is our ADCPA Member in Baltimore, MD. He brought this story to our attention. The couple failed to file quarterly payroll employment tax returns from 2001-2005. Total loss in tax revenue is about … Continue reading

Posted in Uncategorized | Leave a comment

Closing Date for Home Buyer Credit Extended to 10/1/2010.

For homes under contract prior to 5/1/10, you initially had to close on the purchase by 6/30/10.  This closing date has been extended to 10/1/10 due to backlogs at lenders.

Posted in Uncategorized | Leave a comment