Several states have increased their minimum wage rates as of January 1, 2012. That makes it a good time to publish this state by state minimum wage rate table. State by State Minimum Wages We are still waiting on Congress to act on extending the Social Security payroll tax cut beyond February 29, 2012. I [...]
Taxpayers can check refunds, get tax information WASHINGTON — The Internal Revenue Service today unveiled IRS2Go, its first smartphone application that lets taxpayers check on their status of their tax refund and obtain helpful tax information. "This new smart phone app reflects our commitment to modernizing the agency and engaging taxpayers where they want when [...]
The IRS has announced on its website that victims of the severe storms, tornadoes, straight-line winds and flooding in counties of Alabama that are designated as federal disaster areas qualifying for individual assistance have more time to make tax payments and file returns. Certain other time-sensitive acts also are postponed. This article summarizes the relief [...]
Title: Innovative Family Business GrowthLocation: Sellers Auditorium, Alabama CampusLink out: Click hereDescription: As part of Entrepreneurship Week at the School of Business for University of Alabama, JamisonMoneyFarmer's Managing Shareholder Bryan Chandler, CPA, CFP, PFS, and Bobby Bragg, CPA, Director of Practice Growth will speak with UA's Clinical Professor Allen Henry on issues and opportunities around [...]
According to the congressional Joint Committee on Taxation, 77 tax deductions, tax credits and other tax-saving laws expired on Dec. 31, 2011. The most popular deductions for individuals are state and local sales tax deductions and the college tuition and fee deductions. Companies are also seeing some of their favorites expire like the 100 percent bonus [...]
Title: Alabama Gives DayLocation: One Day of online givingLink out: Click hereDescription: Go to www.algives.razoo.com to give to your favorite charity. Millions have been raised in other states through this one day of online giving!Start Date: 2012-02-01End Date: 2012-02-03
Prior to May 28, 2009, pay-as-cut sales proceeds were not required to be reported on 1099 information forms. However, in T.D. 9450, the Treasury Department clarified that both pay-as-cut timber sales and lump-sum timber sales are now required to be reported on Form 1099-S. Please contact our office if you need more information. We would be more than happy [...]
1/25/2012 JamisonMoneyFarmer PC is pleased to announce the following: Carl T. Jamison named First Vice Chairman of the BCA Board of Directors. The board of directors of the Business Council of Alabama has elected one of JMF's shareholders, Carl T. Jamison, as first vice chairman of the organization. In his capacity as first [...]
As if it is not enough to have to face the grief of losing a loved one, there are so many other administrative tasks set in motion by someones death that must be taken care of. From collecting the information needed to document the contents of the decedent's estate, all the way through to distribution [...]
Many clients wonder just how long it takes to get their refund back from the IRS. You can always check on the status of your refund at the Where's My Refund? at the IRS site. Where's My Refund? will usually have information about your refund 72 hours after IRS acknowledges receipt of your e-filed return, or [...]