Month: August 2011

1099-MISC and Estimated Tax Payments

If the majority of your income is reported to the IRS in Box 7 of Form 1099-MISC, then please heed the following message: Make Estimated Tax Payments. A number of my clients owe money to the IRS because they simply did not have enough money to pay their tax liability in full when the returns… Read more

New Rule for Innocent Spouse Relief

First, let me apologize for pushing this blog to the side these past few months. Client work has kept me more than busy, but that is no excuse. I have decided to re-dedicate my efforts toward maintaining a blog with topics that on the surface may seem dry and boring, but are incredibly relevant to… Read more