Hi, Website Visitor. Here are your Articles for October 31, 2007.
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Rea & Associates, Inc. Announcements
IRS Releases Tax Gap Fact Sheet
In August, the IRS released Fact Sheet FS-2007-22, the 15th in a series on the tax gap, which is the difference between what a taxpayer actually pays in taxes and what the taxpayer would have paid if all taxable income and deductions were properly reported.
Did your final hand contain a full house, a three of a kind or were you bluffing? No matter how you won, all poker tournament winnings must be reported on your federal income tax return.
One of the most popular valuation methods used in buy-sell agreements is setting a specific formula in the agreement to determine value. Formula buy-sell agreements fix a single formula today for transactions that will occur at future dates.
Factors To Consider When Determining Employee Compensation
With the year coming to close in the next few months, many companies will begin looking at employee compensation as well as distributing bonuses. Employee compensation can potentially be a sensitive subject because people are very passionate about their accomplishments and how they are rewarded.
XBRL is its name and companies, government agencies and accountants are pushing it as the way to save time and money, boost reliability and transparency and quickly and accurately compile, analyze and share data. Click “Full Article” to see how this computer language is changing the face of business and finance and how it can benefit your enterprise.
We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.
It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.
Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.
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