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Recent Blog Posts

March 11th 2013

Tax Tip Filing tax returns can be costly and time consuming. And with companies increasing reluctant to hire full-time employees, more taxpayers are having problems figuring what to do with those pesky 1099s on their annual returns. While filing a tax return with W-2 is fairly straightforward. 1099s are a catchall form that is used… Read More »

Tip 1 How to Avoid an Audit

There’s an easy way to avoid being audited. Just meet filing deadlines. Try to avoid filing extensions for returns and do your best to file on time, Doing anything unusual, like failing to file your tax returns, can raise red flags to the IRS. If you can’t pay all your taxes when your return is… Read More »

Bankruptcy Update

Compensation to Chapter 7, 12, and 13 trustees is governed by Section 330(a)(7), which was added to the Bankruptcy Code in 2005. Prior to that amendment, compensation for all trustees was governed by Section 330(a)(3), which establishes multiple factors for determining whether the fee is reasonable. Bankruptcy trustees, who administer cases, are entitled to reasonable… Read More »