5 Small Biz Tax Tips

DEBTGURU.COM, a debt management company at www.DebtGuru.com, reminds small businesses that tax time is getting closer. With the new year, it’s a good time to prepare for tax season. Here is a list of top five tax tips for small businesses: Keep a calendar. Deadlines can sneak up fast. As a small business owner, you have a lot of bills and payrolls to juggle. Don’t fail to meet tax deadlines. Deadlines differ, depending on when your tax year ends, and your business entity. Meeting filing deadlines will minimize penalties and interest. ... 

Estate Tax Expiration

THE CONGRESSIONAL tax writing committees have allowed the federal estate tax to expire on January 1, 2010. Senate Democrats have said they will try early this year to pass retroactive legislation to ensure no lapse in the estate tax. If Congress succeeds in reinstating the tax retroactively, court challenges are likely against the Internal Revenue Service (IRS) with opponents alleging that the tax violates the Constitutional ban against ex post facto laws. The Supreme Court, however, ruled in a 1994 case (U.S. v. Carlton) that the ex post facto...