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May 2012
Issue: 40
Another Tax Season In the Books!


Another successful tax season has come and gone.  It was another very busy year as we continue to adapt without Jack around.  It was great to see everyone and we really appreciate your business and continued support.  If any of you have any questions about your recently filed taxes, or have any other tax or accounting issues, please don't hesitate to give us a call or email.  We are available all year to meet your needs and answer your questions.  If you missed the deadline and still need to file your tax return, please contact us to set up an appointment.  The sooner you get your return filed, the sooner you will receive your refund.


It has been a quiet few months as far as tax law changes are concerned but we expect some major changes towards the end of the year after the elections are completed.  Stay tuned to future newsletter's as I will keep you updated on the changes as they arise.

Enjoy this month's newsletter and I hope everyone has a wonderful Memorial Day weekend!! 
The IRS Sets Guidelines For The Employee -vs- Independent Contractor Question


Determining who is a true independent contractor and who is really an employee involves more than labels. The IRS, Department of Labor, state labor and employment boards, unemployment insurance and worker's compensation authorities all investigate this. It also comes up in private lawsuits over benefits, liability, and more

Top Tax Tips From Zuckerberg's Facebook Bonanza



The revelation that Facebook's Mark Zuckerberg plans to exercise $5 billion worth of stock options before his IPO suggests his 2012 tax bill could be close to $2 billion! See Zuckerberg's 2012 personal income tax bill: $1.5B. If size matters, that will make Zuckerberg The Incredible Hulk of Taxpayers. After all, the 400 wealthiest filers only averaged $48 million in federal income taxes in 2009.  Does Mark know something you don't know?  Read on...


 Read more...  

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In This Issue
Employee or Contractor?
Top Tax Tips From Zuckerberg's Facebook Bonanza
Eight Facts to Know if You Receive an IRS Letter or Notice
Upcoming Tax Deadlines

Eight Facts to Know if You Receive an IRS Letter or Notice


The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with simply, without having to call or visit an IRS office.  Here are eight things to know about IRS notices and letters.


Upcoming Tax Deadlines

Please let us know if there is anything we can do for you!!


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