Is IRS 409A an official tax law signed into the tax code? Or is it just a proposed rule?

The IRS website discusses changes to section 409A at the link below. I'm including a relevant excerpt here:

“Notice — New Code Z for Box 12 on the 2005 Form W-2.

A new code (Code Z—Income under section 409A on a nonqualified deferred compensation plan), for use in box 12 on the 2005 Form W-2, (more…)

Probably one of the most controversial areas of tax law for small business and the self employed is correctly determining what a legitimate business expense is. You can avoid IRS tax problems with a few tax tips from a tax attorney or CPA to sort this out.

There are two general categories of deductible expenses:

• Business expenses – the ones you write off immediately

• Capital (more…)

Irs Tax Issues, Refund And Tax Preparer Scam: Part 1

and money, read a book that is giving you so much knowledge so that when you get calls or letters about your taxes, fraudulent calls from collection agencies or even those so called “debt consolidation”, “debt reduction”, and “debt management” companies or others, you will be able to immediately recognize the (more…)

5 Popular Tactics Used By Dishonest Tax Resolution Companies

1. Cold Calling Solicitation

Because of high sales demands, some tax debt resolution companies have turned to cold calling in order to solicit new clients. This is alarming because unpaid taxes are not something most people want to freely disclose. Having a stranger leave you an unwelcome message regarding your tax debts can be intrusive (more…)

Back with more news for you today. It’s amazing how much good information there is on this stuff out there if you know where to look. Three in particular that I found really valuable were…

Audit: Many Pa. homeowners fail to apply for tax break …

Before you hire an attorney or call the IRS on your own, we recommend reading this book. Gives you everything you need to know. You can get out of your situation (more…)