<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>ABC Taxes, Tips &#38; Tools</title>
	<atom:link href="http://artandbusinessconsulting.com/blog/feed/" rel="self" type="application/rss+xml" />
	<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>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.2.1</generator>
		<item>
		<title>Go for the real tax thing, use an EA.</title>
		<link>http://artandbusinessconsulting.com/blog/2011/07/go-for-the-real-tax-thing-use-an-ea/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/07/go-for-the-real-tax-thing-use-an-ea/#comments</comments>
		<pubDate>Sat, 23 Jul 2011 15:00:32 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[Individual Taxes]]></category>
		<category><![CDATA[Other Information]]></category>
		<category><![CDATA[Circular 230]]></category>
		<category><![CDATA[EA]]></category>
		<category><![CDATA[enrolled agent]]></category>
		<category><![CDATA[PTIN]]></category>
		<category><![CDATA[RTRP]]></category>
		<category><![CDATA[Tax Preparer]]></category>
		<category><![CDATA[tax professional]]></category>
		<category><![CDATA[Tax return preparation news]]></category>
		<category><![CDATA[tax specialist]]></category>
		<category><![CDATA[what is an EA]]></category>
		<category><![CDATA[What is an enrolled agent]]></category>
		<category><![CDATA[what is an RTRP]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=632</guid>
		<description><![CDATA[Anybody could wake up in the morning and decide to do
taxes for money. At the same time the government subjected Certified Public Accountants, Attorneys, Enrolled Agents, Enrolled Actuaries, Enrolled Retirement Plan Agents, and Appraisers were to strict regulation via Circular 230; licensed tax preparers could face severe penalties and lose their licenses for if convicted of certain kinds of crimes, if they did not file their taxes, if they gave marginal tax returns or gave bad advice. ]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/07/go-for-the-real-tax-thing-use-an-ea/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Using an FSA to pay for OTC drugs?  Get a prescription</title>
		<link>http://artandbusinessconsulting.com/blog/2011/07/there-is-a-way-to-use-fsa-to-pay-for-over-the-counter-drugs/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/07/there-is-a-way-to-use-fsa-to-pay-for-over-the-counter-drugs/#comments</comments>
		<pubDate>Thu, 21 Jul 2011 18:38:51 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[General Individual]]></category>
		<category><![CDATA[Other Information]]></category>
		<category><![CDATA[Archer MSA]]></category>
		<category><![CDATA[distribution]]></category>
		<category><![CDATA[flexable spending account]]></category>
		<category><![CDATA[FSA]]></category>
		<category><![CDATA[health reimbursement arrangement]]></category>
		<category><![CDATA[health savings account]]></category>
		<category><![CDATA[HRA]]></category>
		<category><![CDATA[HSA]]></category>
		<category><![CDATA[medical savings account]]></category>
		<category><![CDATA[MSA]]></category>
		<category><![CDATA[OTC drugs]]></category>
		<category><![CDATA[OTC medicine]]></category>
		<category><![CDATA[over-the-counter drug]]></category>
		<category><![CDATA[over-the-counter medicine]]></category>
		<category><![CDATA[Patient Protection and Affordable Care Act]]></category>
		<category><![CDATA[prescribe]]></category>
		<category><![CDATA[prescription]]></category>
		<category><![CDATA[reimbursement]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=595</guid>
		<description><![CDATA[The key phrase here is "without a perscription."  If a taxpayer wants to use one of these accounts to pay for OTC medicine, they must have their doctor prescribe it to them, then the taxpayer must present the prescription to the pharmacist, drugstore, mail order or web-based vendor.  The pharmacist must assign the OTC drug a prescription number (Rx). ]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/07/there-is-a-way-to-use-fsa-to-pay-for-over-the-counter-drugs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>That Pesky Bonus Depreciation &amp; Automobiles — 2011 Taxes</title>
		<link>http://artandbusinessconsulting.com/blog/2011/07/that-pesky-bonus-depreciation-automobiles-2011-taxes/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/07/that-pesky-bonus-depreciation-automobiles-2011-taxes/#comments</comments>
		<pubDate>Thu, 14 Jul 2011 21:51:49 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[Individual Taxes]]></category>
		<category><![CDATA[2011 tax depreciation]]></category>
		<category><![CDATA[automobile]]></category>
		<category><![CDATA[bonus depreciation]]></category>
		<category><![CDATA[car]]></category>
		<category><![CDATA[depreciation]]></category>
		<category><![CDATA[how to depreciate]]></category>
		<category><![CDATA[IRS safe harbor method]]></category>
		<category><![CDATA[listed property]]></category>
		<category><![CDATA[MACRS]]></category>
		<category><![CDATA[truck]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=797</guid>
		<description><![CDATA[However, we have a wrinkle.  For machinery including passenger cars, trucks and vans purchased after September 8, 2010 and before January 1, 2012 the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 increased first year bonus depreciation for NEW equipment purchased and placed in service to 100%.  ...Technically, the law that established MACRS/IRS depreciation did not take into account future laws limiting passenger auto depreciation, nor bonus depreciation-therefore when 100% depreciation is taken, there is nothing left to depreciate...]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/07/that-pesky-bonus-depreciation-automobiles-2011-taxes/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Get The Receipt From The Charity In Writing Now</title>
		<link>http://artandbusinessconsulting.com/blog/2011/07/get-the-receipt-from-the-charity-in-writing-now/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/07/get-the-receipt-from-the-charity-in-writing-now/#comments</comments>
		<pubDate>Sun, 10 Jul 2011 21:48:54 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[Individual Taxes]]></category>
		<category><![CDATA[cash donations]]></category>
		<category><![CDATA[charitable deduction]]></category>
		<category><![CDATA[Charity]]></category>
		<category><![CDATA[conteporaneous substantiation]]></category>
		<category><![CDATA[donation of property]]></category>
		<category><![CDATA[non-cash donations]]></category>
		<category><![CDATA[requirements for deduction]]></category>
		<category><![CDATA[substatiation of charitable contributions]]></category>
		<category><![CDATA[what do I have to keep?]]></category>
		<category><![CDATA[written acknowledgement]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=653</guid>
		<description><![CDATA[Do you remember when you could estimate the amount of a certain amount of giving to a charity without having a lot of documentation?  “I estimate I dropped $20 to the Salvation Army kettle, and another $5 per week to the church collection, plus donated some clothes and other items valued at around $50… call it $330.”   Those days are [...]]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/07/get-the-receipt-from-the-charity-in-writing-now/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>E-Verify Overview: Which States? How To?</title>
		<link>http://artandbusinessconsulting.com/blog/2011/06/e-verify-overview-which-states-how-to/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/06/e-verify-overview-which-states-how-to/#comments</comments>
		<pubDate>Mon, 27 Jun 2011 09:49:12 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[HR Info]]></category>
		<category><![CDATA[e-verify]]></category>
		<category><![CDATA[Final Non-Confirmation Notice]]></category>
		<category><![CDATA[Form I-9]]></category>
		<category><![CDATA[how long do you have to e-verify?]]></category>
		<category><![CDATA[how to sign up for e-verify]]></category>
		<category><![CDATA[mismatch letter]]></category>
		<category><![CDATA[overview of e-verify]]></category>
		<category><![CDATA[referral to DHS]]></category>
		<category><![CDATA[referral to SSA]]></category>
		<category><![CDATA[Tentative Non-Confirmation]]></category>
		<category><![CDATA[TNC letter]]></category>
		<category><![CDATA[Which states have e-verify]]></category>
		<category><![CDATA[who has to e-verify]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=777</guid>
		<description><![CDATA[Are you hiring new employees? If you live in Arizona, Colorado, Georgia, Idaho, Minnesota, Missouri, Mississippi North Carolina, Nebraska, Oklahoma, Rhode Island, South Carolina, Tennessee, Utah or Virginia you are required to use e-verify as part of your hiring process. In addition Arkansas, Hawaii, Iowa, Illinois, Michigan, New Hampshire, Nevada, Pennsylvania, Texas, Washington and West Virginia have pending e-verify legislation. ]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/06/e-verify-overview-which-states-how-to/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Woo Hoo, the IRS Increases Mileage Rate</title>
		<link>http://artandbusinessconsulting.com/blog/2011/06/woo-hoo-the-irs-increases-mileage-rate/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/06/woo-hoo-the-irs-increases-mileage-rate/#comments</comments>
		<pubDate>Thu, 23 Jun 2011 22:54:52 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Business Taxes]]></category>
		<category><![CDATA[Individual Taxes]]></category>
		<category><![CDATA[1040 Schedule A]]></category>
		<category><![CDATA[2011 mileage rate]]></category>
		<category><![CDATA[automobile deduction]]></category>
		<category><![CDATA[automotive use deduction]]></category>
		<category><![CDATA[busines use of personal vehicle]]></category>
		<category><![CDATA[can you deduct use of your car]]></category>
		<category><![CDATA[car]]></category>
		<category><![CDATA[Form 2106]]></category>
		<category><![CDATA[July 1 increase]]></category>
		<category><![CDATA[mileage log]]></category>
		<category><![CDATA[record keeping requirements]]></category>
		<category><![CDATA[truck]]></category>
		<category><![CDATA[unreimbursed employee expense]]></category>
		<category><![CDATA[van]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=745</guid>
		<description><![CDATA[Do you use your car for your business or for work? If you keep good written records, the business use of your car can be a very nice business deduction, unreimbursed employee expense, or your employer may even reimburse you.

On January 1, 2011 the optional mileage rate was 51 cents per mile-that's more than a dollar for every 2 miles you drive for business.   In recognition of the increase in gas prices, the IRS announced they would increase the optional mileage rate to 55.5 cents per mile on July 1, 2011; normally they only adjust this rate once per year.
]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/06/woo-hoo-the-irs-increases-mileage-rate/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/06/hogs-will-be-slaughtered/feed/</wfw:commentRss>
		<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>1099-MISC For Dummies</title>
		<link>http://artandbusinessconsulting.com/blog/2011/06/1099-misc-for-dummies/</link>
		<comments>http://artandbusinessconsulting.com/blog/2011/06/1099-misc-for-dummies/#comments</comments>
		<pubDate>Fri, 17 Jun 2011 11:00:20 +0000</pubDate>
		<dc:creator>Jake Beckman EA</dc:creator>
				<category><![CDATA[Other Information]]></category>
		<category><![CDATA[1099]]></category>
		<category><![CDATA[1099-MISC]]></category>
		<category><![CDATA[can I print blank 1099]]></category>
		<category><![CDATA[Form 1096]]></category>
		<category><![CDATA[Form W-9]]></category>
		<category><![CDATA[How do you get information for Form 1099]]></category>
		<category><![CDATA[How long do you keep 1099]]></category>
		<category><![CDATA[How long do you keep W9]]></category>
		<category><![CDATA[information return]]></category>
		<category><![CDATA[IRS penalties]]></category>
		<category><![CDATA[W9]]></category>
		<category><![CDATA[What happens if you don't file Form 1099]]></category>
		<category><![CDATA[Who do you issue Form 1099 to]]></category>
		<category><![CDATA[Who needs to file Form 1099]]></category>

		<guid isPermaLink="false">http://artandbusinessconsulting.com/blog/?p=661</guid>
		<description><![CDATA[If you are in business and pay other people for services, Form 1099-MISC &#038; Form 1096 are probably "tax" Forms you should be filing. Why? Just like any other "tax" form there are penalties for not filing them. If you like living on the edge, and sneering at the tax man, you don't have to read any further, this post is not for you. However if just seeing a letter from the IRS gives you the cold sweats, read on.]]></description>
		<wfw:commentRss>http://artandbusinessconsulting.com/blog/2011/06/1099-misc-for-dummies/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>
	</channel>
</rss>

