Recent Posts
- South Carolina Supreme Court Rejects Challenge to Sales and Use Tax Exemptions…For Now
- Accounting Firm Members Held Personally Liable For Client’s Unpaid Federal Employment Taxes
- South Carolina Property Owners Can Now Challenge Property Tax Valuations Where They Did Not Own Property In The Prior Year
- IRS Modifies and Temporarily Expands Worker Voluntary Classification Settlement Program
- IRS Announces New Procedures for U.S. Citizens Residing Overseas Who Have Not Filed Tax Returns and Reported Income
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Posts by Author: Jeffrey T. Allen
IRS Modifies and Temporarily Expands Worker Voluntary Classification Settlement Program
The IRS announced an important settlement program, the Voluntary Classification Settlement Program or VCSP, on September 21, 2011. Under VCSP, qualifying employers who misclassified workers as independent contractors were able to come forward and enter into a settlement with the … finish reading IRS Modifies and Temporarily Expands Worker Voluntary Classification Settlement Program
Posted in Employment Tax
Tagged Forms 1099, independent contractor, VCSP, voluntary classification settlement program
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Fourth Circuit Court of Appeals Rejects IRS Transferee Liability Theory
On May 31, 2012 the Fourth Circuit Court of Appeals issued its opinion in the case of Starnes v. Commissioner, upholding a decision of the United States Tax Court which determined that the former shareholders of a corporation were not … finish reading Fourth Circuit Court of Appeals Rejects IRS Transferee Liability Theory
Posted in Income Tax
Tagged company shareholder, intermediary transaction tax shelter, IRS, liable as a transferee, starnes v. commissioner
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South Carolina Conservation Easement Tax Credit Transfers
A landowner who donates a conservation easement to a qualifying organization can benefit from state tax incentives, in addition to the available federal income tax deduction. South Carolina provides an important transferable income tax credit for landowners who donate a … finish reading South Carolina Conservation Easement Tax Credit Transfers
Preserving the Availability of Section 530 Relief When Workers are Misclassified
Employers are generally required to withhold and pay employment taxes on wages paid to employees. Conversely, employers are generally not required to withhold and pay employment taxes on wages paid to independent contractors or nonemployees. If an employer incorrectly treats … finish reading Preserving the Availability of Section 530 Relief When Workers are Misclassified
Posted in Employment Tax
Tagged PMTA, safe harbors, Section 530 Relief, treat a worker as a nonemployee
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