Monthly Archives: October 2015

IRS Gives Worker Classification Criteria

Since independent contractor payments are not subject to payroll taxes, there is a temptation to classify some employees as independent contractors when they should not be. The IRS uses certain criteria to help determine who should be classified as an … Continue reading

Posted in Amended Tax Return, Business, business help, Business Owner, Employee Benefits, Financial Planning, IRS Articles | Tagged , , , , , | Leave a comment

Watch Year-End Mutual Fund Transactions

The income tax effects of mutual funds can be complex, and poorly timed purchases or sales can create unpleasant year-end surprises. Mutual fund investors (excluding qualifying retirement plans) are taxed based on activities within each fund. If a fund investment … Continue reading

Posted in Amended Tax Return, Business, Business Owner, Filing Taxes, Financial Planning, Investing, Operational Accounting, Tax, Tax Return | Tagged , , , , , , , , , | Leave a comment