Financial Focus
Blog URL http://blog.flemmerassociates.com/
Located Sacramento, California USA
Tags taxes, fraud, forensic accounting, Quickbooks, tax preparation, corporate taxes
Financial Focus shines a spotlight on all that is interesting in the areas of taxation, fraud and finance.
Latest Blog Posts
- College Tax Credit Being Claimed Incorrectly on Nov 23, 2009
According to the IRS, over 300,000 taxpayers have incorrectly used the Hope Credit, which is used to offset expenses related to the first two years of a child’s expenses related to college. The credit, which provides up to $1650 each year, was inco...
- Tax Credits Available to Help Make Your House More Energy Efficient This Winter on Nov 11, 2009
Homeowners will be able to take a tax credit of 30% of repairs made to help winterize their homes in 2009 and 2010, up t0 $1500. What's great about this credit is that will help you save money twice by also helping to allow you to make your home mor...
- A Primer On The Worker, Homeownership, and Business Assistance Act of 2009 on Nov 9, 2009
The Congress just passed The Worker, Homeownership and Business Assistance Act of 2009 this past week and was promptly signed into law by the president. The most publicized aspect of the bill is the extension deadline for being able to use the First...
- IRS Trying To Give $123.5 Million Back To Taxpayers on Nov 5, 2009
The IRS is trying to get the word out that they have had over 100,000 refund checks returned to them because of mailing address errors. The 107,831 checks combine to a total $123.5 million of unclaimed money. It seems pretty amazing that this many am...
- LLC Owners Can Use 100 Hour Test For Passive Losses Rules Tax Court on Nov 4, 2009
The Tax Court recently ruled against the IRS in the case of a couple who owned an LLC charter boat business. The couple had tried to claim active losses on the business claiming that they had put in 100 hours and spent more time operating the busine...
- IRS Amnesty Program a Success on Nov 3, 2009
The IRS recently ran a very successful amnesty program which ended October 15, 2009, for individuals who have been maintaining offshore accounts to avoid US taxation. The hope was that citizens would voluntarily come forward to report their accounts...
- IRS Extends Deadline For Special Voluntary Disclosures Of Unreported Offshore Account Income on Oct 1, 2009
On September 21st, the IRS announced that is was extending the deadline from September 23rd to October 15th for holders of offshore bank account income to voluntarily come forward. Those who come forward will face laxer tax penalties and avoid crimi...
