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Florida tax preparer charged for $3 million tax shelter fraud 

Due

The case against the individual harks back to 2013 when it is alleged that Mellinger III formed the tax shelter with accomplices. The fraud was presented to his clients as a deduction on their tax returns if they sent money to a company that the accused owned. Mellinger allegedly earned more than $3 million in fees from the shelter.”

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Form 8829 Instructions: Claim Home Office Deduction

Fundera

IRS Form 8829 is one of two ways to claim a home office deduction on your business taxes. Only self-employed people are eligible to claim this deduction. If your business qualifies for the home office deduction, you’ll file Form 8829 with your Schedule C, profit or loss from business. IRS Form 8829. What Is Tax Form 8829?

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Are Credit Card Reward Taxable – The Dark Side of Taxes

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The couple caught the limelight in 2021 when the IRS contented them for owing taxes of more than $300,000 on their earnings from credit card rewards in 2013-2014. Particularly, you can’t deduct business-related purchases as business expenses when you pay them with your credit card rewards.

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OCC’s Green Light on Short-Term Loans Could Give Businesses More Options

Fundera

This marks a reversal from the position that the OCC had taken back in 2013, discouraging banks from offering these types of loans. The bank automatically deducts micropayments from direct deposits or other deposits in the customer’s account. The OCC Took a Stance Against Short-Lending Starting in 2013.

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The madness of March: Busy season edition

Abrigo

Maybe your spouse has commented that you’ve started sleep-talking exclusively in phrases like “That’s not deductible!”. In 2013 American workers only used 77 percent of their paid time off (that’s about 169 million days forfeited!). March is when the end of tax season is within your sights, but still feels too far away to be real.

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Is Your Gift Card Expired? Make the Most of Your Gift Cards by Knowing the Law

Due

Inactivity fees can only be deducted once a month. In 2013, the Federal Reserve mandated that everyone could get a PIN for a general-purpose gift card, which allowed them to select what type of transaction they would like to make. Also, the inactivity should be mentioned and made public after 12 months of non-use.

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Zenefits vs. TriNet: Which Is Right for Your Business?

Fundera

Zenefits, which launched in 2013, offers a cloud-based tech-forward platform that helps more than 11,000 businesses manage payroll. Allow employees to view digital paystubs with deduction breakdowns via the self-service portal. TriNet will automatically determine what each employee is owed and make the appropriate deductions. .