Monthly Archive: March 2013

Mar 28

“Itemized deductions” … All Good Things Must Come to an End

As the old adage goes all good things must come to an end. This is hard to visualize when it comes to anything that has to do with taxes, but this happens to be the case with itemized deductions. As part of the bipartisan agreements of the 2012 American Tax Relief Act the Pease Rule …

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Mar 25

Use care in classifying contractors vs. employees

*originally posted to The growth of independent contractors in the workforce has prompted some to call the new, post-recessionary U.S. work world the “1099 Economy,” referring to the name of the tax form filed by independent contractors. An estimated 10.3 million U.S. workers are independent contractors, according to 2010 U.S. Census Bureau data, and …

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