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 [...]
Get started on the right path in planning your best strategies for minimizing taxes in 2012. Below is access to a guide that will help you find ways to benefit your retirement, family and heirs by being pro-active in your planning. We are always here to help answer questions and keep you informed of any [...]
If you operate a business serving the specialized German and foreign owned automobile manufacturing & supply industry, you may be faced with management and international reporting requirements that are both unique and often challenging. This webinar offers specific practical guidance and insights for business financial executives serving the southeastern automobile manufacturing industry and was led [...]
QuickBooks 2012 is generating an unrecoverable error with some accountant copy transfers. If you receive the error message "Unrecoverable Error 0000095431" or "0000068408", the approved fix is to continue to click send when prompted to send an error report. The message will appear multiple times but the accountant changes are eventually imported. QuickBooks is aware [...]
For beginners and current users of QuickBooks for small and medium sized businesses. 10:30 a.m. - 4:30 p.m. Click here for more information.
The Department of Industrial Relations has posted the SUI rates for 2012. This year the lowest rate is down a full point from 2011! The lowest rate available is now 1.19% with a .06% security assessment. You can pull the rate document from the DIR egov site. To do so, log in to your account [...]
Property that does not qualify for an immediate tax write-off under Section 179 may qualify for an increased first-year depreciation deduction under bonus depreciation rules. Unlike the Section 179 deduction, there are no restrictions on the amount of qualifying property and there is no taxable income limit. This deduction is equal to 100 percent of [...]