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Tax-return bill dies in Assembly – No more free tax return preparation by the Calif. FTB.  The people that qualified for this program would be better off availing themselves of volunteers working with the IRS’s VITA program, where I got my start in the tax prep profession.

Government Contractors Under the Gun – New withholding requirements starting in 2011.  That’s five years away, almost an eternity in tax-land. Knowing how our rulers in DC can’t resist monkeying with the tax code every chance they can find, that rule will most likely be changed before 2011, possibly for the worse if the IRS’s Tax-Gap propaganda continues to convince people that every small business owner is a a conniving tax cheat. . 

Five Tips for Succeeding As a Young Entrepreneur

Popular Trusts May Shield Profits Made During Housing Boom – Private annuity trusts.

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From a Reader:

Subject: broken link on your website

This link – http://www.irs.gov/pub/irs-fill/fss4.pdf  on this page – http://www.taxguru.org/corps/corp.html is broken. The IRS changed their website. The new link is http://www.irs.gov/pub/irs-pdf/fss4.pdf.

I like your blog and website. You have a lot of useful information. I really enjoyed the snot that flamed you. A real classic.  

Thanks so much for noticing that outdated link.

I’ve updated that page to include the current IRS link.

Please feel free to pass along any other news or changes that you feel may be appropriate.

Kerry Kerstetter