The biggest tax increase on small business in HISTORY 1/1/2011
If you own an "S" Corp., or LLC taxed as an "S" Corp., listen up, big changes are coming... The biggest tax increase on small business in HISTORY-1/1/2011 posted by Roger Herring at The Investor's Accountant Speaks - 12 hours ago Late last month, the House of Representatives passed the American Jobs and Tax Loopholes Closing Act of 2010. It is now in the Senate and will become law by the end of summer. This law contains a major cha... ############ Health care law's massive, hidden tax change The bill makes two key changes to how 1099s are used. First, it expands their scope by using them to track payments not only for services but also for tangible goods. Plus, it requires that 1099s be issued not just to individuals, but also to corporations. Stealth IRS changes mean millions of new tax forms Courtesy of the health care reform bill, every business in the country is about to undergo a dramatic change in how expenses are reported. Th...