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	<title>ABC Taxes, Tips &#38; Tools &#187; General Business</title>
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	<link>http://artandbusinessconsulting.com/blog</link>
	<description>Tax &#38; Other Information For Individuals &#38; Small Businesses - Call Us Before the IRS Calls You</description>
	<lastBuildDate>Sat, 23 Jul 2011 15:00:32 +0000</lastBuildDate>
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		<title>Hogs Will Be Slaughtered</title>
		<link>http://artandbusinessconsulting.com/blog/2011/06/hogs-will-be-slaughtered/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/06/hogs-will-be-slaughtered/#comments</comments>
		<pubDate>Tue, 21 Jun 2011 03:59:17 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[General Business]]></category>
		<category><![CDATA[2011 AZ minimum wage]]></category>
		<category><![CDATA[audit risks]]></category>
		<category><![CDATA[AZ payroll frequency]]></category>
		<category><![CDATA[co-mingle funds]]></category>
		<category><![CDATA[commingle funds]]></category>
		<category><![CDATA[director salary]]></category>
		<category><![CDATA[loss of S-corporation status]]></category>
		<category><![CDATA[loss of S-status]]></category>
		<category><![CDATA[officer salary]]></category>
		<category><![CDATA[payroll taxes]]></category>
		<category><![CDATA[s-corporation]]></category>
		<category><![CDATA[S-corporation advantages]]></category>
		<category><![CDATA[S-corporation minutes]]></category>
		<category><![CDATA[S-corporation verses C-corporation]]></category>
		<category><![CDATA[salaries & wages]]></category>
		<category><![CDATA[Salary verses dividends]]></category>
		<category><![CDATA[shareholder distributions]]></category>
		<category><![CDATA[taking no pay]]></category>
		<category><![CDATA[tax penalty]]></category>
		<category><![CDATA[wages verses dividends]]></category>
		<category><![CDATA[what are reasonable wages]]></category>
		<category><![CDATA[what is a reasonable salary]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=705</guid>
		<description><![CDATA[S-corporations, sometime when you were setting up your business, you chose, or someone advised you to choose S-corporation as your business form.  One advantage is they avoid the “double taxation” of the C-corporation; the government does not usually tax S-corporations. The S-corporation passes income through to you, a shareholder, and you pay the taxes on your share.  Another advantage [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>US Congress Will Punt-Legislative Update June 2011</title>
		<link>http://artandbusinessconsulting.com/blog/2011/06/us-congress-will-punt-legislative-update-june-2011/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/06/us-congress-will-punt-legislative-update-june-2011/#comments</comments>
		<pubDate>Fri, 17 Jun 2011 15:00:31 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[General Business]]></category>
		<category><![CDATA[General Individual]]></category>
		<category><![CDATA[Other Information]]></category>
		<category><![CDATA[2011 Legislative update]]></category>
		<category><![CDATA[AMT]]></category>
		<category><![CDATA[AMT Exemption]]></category>
		<category><![CDATA[Energy Efficient Appliances Tax Credit]]></category>
		<category><![CDATA[expiring tax breaks]]></category>
		<category><![CDATA[FUTA Surtax]]></category>
		<category><![CDATA[leasehold improvement depreciation]]></category>
		<category><![CDATA[legislative update]]></category>
		<category><![CDATA[R&D Tax Credit]]></category>
		<category><![CDATA[R&E Tax Credit]]></category>
		<category><![CDATA[tax credits]]></category>
		<category><![CDATA[tax laws]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[US Congress]]></category>
		<category><![CDATA[Work Opportunity Tax Credit]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=617</guid>
		<description><![CDATA[Last year I spent a lot of time writing about how the US Congress had done nothing with respect to resolving tax issues.  Why is it important for Congress to pass tax law? It is very hard to do tax planning before the end of the year, when you do not know what taxes you have to [...]]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/06/us-congress-will-punt-legislative-update-june-2011/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Expanded 1099-MISC Information Reporting Requirements Repealed</title>
		<link>http://artandbusinessconsulting.com/blog/2011/06/expanded-1099-misc-information-reporting-requirements-repealed/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/06/expanded-1099-misc-information-reporting-requirements-repealed/#comments</comments>
		<pubDate>Mon, 13 Jun 2011 01:07:07 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[General Business]]></category>
		<category><![CDATA[Other Information]]></category>
		<category><![CDATA[1099]]></category>
		<category><![CDATA[1099 reporting]]></category>
		<category><![CDATA[1099-MISC]]></category>
		<category><![CDATA[1099-MISC information reporting requirements]]></category>
		<category><![CDATA[expanded 1099 information reporting]]></category>
		<category><![CDATA[increased 1099 reporting]]></category>
		<category><![CDATA[legislative update]]></category>
		<category><![CDATA[repeal]]></category>
		<category><![CDATA[who gets 1099]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=610</guid>
		<description><![CDATA[If you are involved in trade or business you should be cheering. On April 14, 2011 Pres­i­dent Obama signed the Com­pre­hen­sive 1099 Tax­payer Pro­tec­tion and Repay­ment of Exchange Sub­sidy Over­pay­ments Act of 2011 into law.  It repealed the expanded 1099 infor­ma­tion report­ing require­ments that were included in the Patient Pro­tec­tion and Afford­able Care Act. ]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/06/expanded-1099-misc-information-reporting-requirements-repealed/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Get socked with a big tax penalty in one easy lesson</title>
		<link>http://artandbusinessconsulting.com/blog/2011/01/get-socked-with-a-big-tax-penalty-in-one-easy-lesson/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/01/get-socked-with-a-big-tax-penalty-in-one-easy-lesson/#comments</comments>
		<pubDate>Mon, 31 Jan 2011 07:46:23 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[General Business]]></category>
		<category><![CDATA[Other Information]]></category>
		<category><![CDATA[badges of fraud]]></category>
		<category><![CDATA[books]]></category>
		<category><![CDATA[Daoud v commissioner]]></category>
		<category><![CDATA[deductions denied]]></category>
		<category><![CDATA[denied deductions]]></category>
		<category><![CDATA[estimated tax]]></category>
		<category><![CDATA[failure to pay estimated tax]]></category>
		<category><![CDATA[fraud penalty]]></category>
		<category><![CDATA[how NOT to conduct business]]></category>
		<category><![CDATA[inadequate record keeping]]></category>
		<category><![CDATA[insubstantiated expenses]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[receipts]]></category>
		<category><![CDATA[record keeping]]></category>
		<category><![CDATA[tax court case]]></category>
		<category><![CDATA[tax penalty]]></category>
		<category><![CDATA[taxpayer]]></category>
		<category><![CDATA[understatement of income]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=567</guid>
		<description><![CDATA[You wanna get socked with a tax penalty in addition to paying extra taxes?  Its easy.  Just don't keep any records.  As a recent tax court case reveals you not only could get your deductions denied, but also have the fraud penalty imposed. ]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/01/get-socked-with-a-big-tax-penalty-in-one-easy-lesson/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New NLRB Poster Requirement May Be Coming</title>
		<link>http://artandbusinessconsulting.com/blog/2010/12/new-nlrb-poster-requirement-may-be-coming/</link>
		<comments>http://artandbusinessconsulting.com/blog/2010/12/new-nlrb-poster-requirement-may-be-coming/#comments</comments>
		<pubDate>Wed, 22 Dec 2010 00:27:07 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[General Business]]></category>
		<category><![CDATA[HR Info]]></category>
		<category><![CDATA[employment poster]]></category>
		<category><![CDATA[National Labor Relations Act]]></category>
		<category><![CDATA[National Labor Relations Board]]></category>
		<category><![CDATA[NLRA]]></category>
		<category><![CDATA[NLRB]]></category>
		<category><![CDATA[penalty]]></category>
		<category><![CDATA[poster requirement]]></category>
		<category><![CDATA[proposed ruling]]></category>
		<category><![CDATA[right to form a union]]></category>
		<category><![CDATA[right to join a union]]></category>
		<category><![CDATA[unfair labor practice]]></category>
		<category><![CDATA[union]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=536</guid>
		<description><![CDATA[The National Labor Relations Board (NLRB) announced that most private employers may soon have to display a poster in their work places that informs employees of their right to form and/or join a union.  At the moment it is a proposed ruling, which is undergoing a 60-day comment period.  IF the proposed ruling goes into effect [...]]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2010/12/new-nlrb-poster-requirement-may-be-coming/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Small Business Jobs Act-Misnomer?</title>
		<link>http://artandbusinessconsulting.com/blog/2010/10/small-business-jobs-act-misnomer/</link>
		<comments>http://artandbusinessconsulting.com/blog/2010/10/small-business-jobs-act-misnomer/#comments</comments>
		<pubDate>Fri, 08 Oct 2010 04:56:53 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[General Business]]></category>
		<category><![CDATA[2010 taxes]]></category>
		<category><![CDATA[401(k)]]></category>
		<category><![CDATA[403(b)]]></category>
		<category><![CDATA[457(b)]]></category>
		<category><![CDATA[50% special depreciation]]></category>
		<category><![CDATA[AMT]]></category>
		<category><![CDATA[BIG tax relief]]></category>
		<category><![CDATA[biofuel tax credit]]></category>
		<category><![CDATA[business tax breaks]]></category>
		<category><![CDATA[business taxes]]></category>
		<category><![CDATA[carry back]]></category>
		<category><![CDATA[cell phones]]></category>
		<category><![CDATA[crude tall oil]]></category>
		<category><![CDATA[easing penalty for engaging in listed transaction]]></category>
		<category><![CDATA[expensing assets]]></category>
		<category><![CDATA[General Business Credit]]></category>
		<category><![CDATA[increased 1099 penalty]]></category>
		<category><![CDATA[increased 1099 reporting]]></category>
		<category><![CDATA[listed property]]></category>
		<category><![CDATA[Loan]]></category>
		<category><![CDATA[rental income]]></category>
		<category><![CDATA[Rollovers]]></category>
		<category><![CDATA[Roth IRA contributions]]></category>
		<category><![CDATA[SBA loan]]></category>
		<category><![CDATA[section 179]]></category>
		<category><![CDATA[Small Business Administration]]></category>
		<category><![CDATA[Small Business Jobs Act]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=486</guid>
		<description><![CDATA[Congress finally did something, only it wasn’t all of what we all have been waiting on.  There still is no estate tax fix, no AMT patch, no reinstatement of Bush tax cuts, no decision on capital gains taxes and other tax breaks such as teacher’s supplies, college tuition etc. Look for these issues to be addressed one way or the [...]]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2010/10/small-business-jobs-act-misnomer/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Make Sure Withholding Orders Come From Official Enforcement Agency</title>
		<link>http://artandbusinessconsulting.com/blog/2010/08/make-sure-withholding-orders-come-from-official-enforcement-agency/</link>
		<comments>http://artandbusinessconsulting.com/blog/2010/08/make-sure-withholding-orders-come-from-official-enforcement-agency/#comments</comments>
		<pubDate>Tue, 24 Aug 2010 07:36:17 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[General Business]]></category>
		<category><![CDATA[General Individual]]></category>
		<category><![CDATA[HR Info]]></category>
		<category><![CDATA[Other Information]]></category>
		<category><![CDATA[court ordered payments]]></category>
		<category><![CDATA[garnishments]]></category>
		<category><![CDATA[mail fraud]]></category>
		<category><![CDATA[official looking correspondence]]></category>
		<category><![CDATA[scam]]></category>
		<category><![CDATA[USPS v Child Support Services of Atlanta]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=250</guid>
		<description><![CDATA[Some scams rely on people not check official looking correspondence. You are probably familiar with phishing scams where one receives an email from Paypal, eBay, Bank, Credit Union, even the IRS, complete with logos and links saying your account is suspended or something similar until you complete an account review-clicking on the link in the [...]]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2010/08/make-sure-withholding-orders-come-from-official-enforcement-agency/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hiring Your Spouse Without Running Afoul The IRS.</title>
		<link>http://artandbusinessconsulting.com/blog/2010/08/hiring-your-spouse-without-running-afoul-the-irs/</link>
		<comments>http://artandbusinessconsulting.com/blog/2010/08/hiring-your-spouse-without-running-afoul-the-irs/#comments</comments>
		<pubDate>Tue, 17 Aug 2010 07:47:48 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[General Business]]></category>
		<category><![CDATA[Individual Taxes]]></category>
		<category><![CDATA[co-mingle]]></category>
		<category><![CDATA[commingling]]></category>
		<category><![CDATA[economic substance doctrine]]></category>
		<category><![CDATA[hiring your spouse]]></category>
		<category><![CDATA[how to]]></category>
		<category><![CDATA[medical insurance]]></category>
		<category><![CDATA[medical reimubursement]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[tax implications]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=256</guid>
		<description><![CDATA[On the advice of a CPA a farmer hired his wife who had worked on the family farm for years without pay.  All the farm and personal expenses were paid from the same joint checking account (this is called co-mingling of funds).  The rational for suddenly hiring his wife and paying her a modest salary [...]]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2010/08/hiring-your-spouse-without-running-afoul-the-irs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Backup Withholding Rules For TIN-Name Mismatch</title>
		<link>http://artandbusinessconsulting.com/blog/2010/07/new-backup-withholding-rules-for-tin-name-mismatch/</link>
		<comments>http://artandbusinessconsulting.com/blog/2010/07/new-backup-withholding-rules-for-tin-name-mismatch/#comments</comments>
		<pubDate>Sat, 24 Jul 2010 23:45:11 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[General Business]]></category>
		<category><![CDATA[Other Information]]></category>
		<category><![CDATA[28% backup withholding]]></category>
		<category><![CDATA[Form W9]]></category>
		<category><![CDATA[interrim procedure]]></category>
		<category><![CDATA[request SSN]]></category>
		<category><![CDATA[request TIN]]></category>
		<category><![CDATA[Social Security number]]></category>
		<category><![CDATA[SSN]]></category>
		<category><![CDATA[SSN name combination]]></category>
		<category><![CDATA[SSN name mismatch]]></category>
		<category><![CDATA[SSN printout]]></category>
		<category><![CDATA[Taxpayer Identification Number]]></category>
		<category><![CDATA[TIN]]></category>
		<category><![CDATA[TIN name combination]]></category>
		<category><![CDATA[TIN name mismatch]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=407</guid>
		<description><![CDATA[When you are notified by the IRS that a payee provided an incorrect name and taxpayer identification number (TIN) combination, you are to start backup withholding (28%) and pass along any “B Notices” you receive.    The interrim procedures require the payee to validate a Social Security number (SSN) by contacting the local Social Security Administration (SSA) [...]]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2010/07/new-backup-withholding-rules-for-tin-name-mismatch/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>More Changes For AZ Taxpayers</title>
		<link>http://artandbusinessconsulting.com/blog/2010/06/more-changes-for-az-taxpayers/</link>
		<comments>http://artandbusinessconsulting.com/blog/2010/06/more-changes-for-az-taxpayers/#comments</comments>
		<pubDate>Sat, 26 Jun 2010 02:33:04 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[General Business]]></category>
		<category><![CDATA[General Individual]]></category>
		<category><![CDATA[HR Info]]></category>
		<category><![CDATA[Individual Taxes]]></category>
		<category><![CDATA[Other Information]]></category>
		<category><![CDATA[2009]]></category>
		<category><![CDATA[2009 taxes]]></category>
		<category><![CDATA[Arizona]]></category>
		<category><![CDATA[AZ]]></category>
		<category><![CDATA[changes]]></category>
		<category><![CDATA[clearinghouse fee change]]></category>
		<category><![CDATA[DOI]]></category>
		<category><![CDATA[exempted unemployment income]]></category>
		<category><![CDATA[fiscal year]]></category>
		<category><![CDATA[garnishment]]></category>
		<category><![CDATA[Haiti charity deduction]]></category>
		<category><![CDATA[new vehicle sales tax deduction]]></category>
		<category><![CDATA[nonconformity]]></category>
		<category><![CDATA[OID]]></category>
		<category><![CDATA[payroll tax]]></category>
		<category><![CDATA[reacquisition of debt instrument]]></category>
		<category><![CDATA[sales tax]]></category>
		<category><![CDATA[special NOL carry back rules]]></category>
		<category><![CDATA[TPT]]></category>
		<category><![CDATA[TPT license fee increase]]></category>
		<category><![CDATA[TPT license renewal]]></category>
		<category><![CDATA[Transaction Privelege Tax]]></category>
		<category><![CDATA[US tax code]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=356</guid>
		<description><![CDATA[July 1 is the start of the Arizona State fiscal year which is why several changes are going into effect on that date.  AZ Withholding Tax Change: On July 1, 2010 an employer must withhold Arizona state income tax according to the new A4s, which they should have obtained from all of their employees prior [...]]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2010/06/more-changes-for-az-taxpayers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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