The experts are saying there are still some dark clouds on the horizon. The First-Time Homebuyer Credit did not put any long-term stability in the residential market. Now that this stimulus is over, this market is probably headed south by double digits. The commercial market is beginning to show some serious bad signs as well. [...]
Read More Income Tax Preparation, Real Estate Market, Tallahassee Tax Service, TallyTaxManTucked into the most recent major health care bill is a provision regarding filing forms 1099-MISC. Beginning with the 2010 tax filing year, all businesses and self-employed individuals are required to issue a form 1099-MISC to all vendors they have paid over $600 during the year. Up through 2009, this was only required for payments [...]
Read More 1099, Income Tax Preparation, IRS requirements, IRS Small Business, Tallahassee Tax Service, TallyTaxMan, Tax Deductions