My Online Bookkeeper Blog

Five Browser Productivity Tips

Posted in Accounting,Finance,Financial Goals,Online Bookkeeping,Small Business by mob on the April 3rd, 2014

Most of us spend a lot of time browsing the Internet, and that means using browser software.  Google Chrome is the most popular browser with roughly 40 percent market share.  Internet Explorer follows with about a 30 percent share and Firefox is third with less than 20 percent.

Since most people use Google Chrome, we’ll use that browser to describe our five productivity tips.  If you don’t use Chrome, you can still look for the features we list on your browser of choice.

Better with Bookmarks 

Do you have a half dozen or so sites that you like to visit every day?  If so, bookmark them on a toolbar so that you have one-click access.  In Chrome, click the icon with three horizontal lines that is located on the web address bar at the top of your browser.  We’ll call this the Chrome Commands button from now on.  Mouse over “Bookmarks,” and make sure “Show Bookmarks Bar” is checked.

Type in your favorite site URL.  To add it as a bookmark on your bookmarks bar, click the star on the right side of the web address box.  It will turn gold, and then you can name your page as well as select whether you want it more prominently in the bar or simply in your list of bookmarks.  Repeat this for each of your most visited sites.

Now that all of your sites are listed on your bookmarks bar, you can visit them in one click.

Enlarge the Page

If a page is too small and you want to enlarge the entire thing, you can do so with your mouse wheel.  On your keyboard, hold down the CTRL key and roll your mouse wheel away from you while you’re on a web page.  The page will get larger.  Roll your mouse wheel toward you to reverse the effect and make a page smaller.

You can also customize your fonts by going into Chrome Commands, Settings, Advanced Setting, and Web Content.  You can find your font options there.

Download Redux

Do you need something you downloaded earlier today and forgot where you put it?  Access it again here by typing this into the web address box or selecting “Downloads” from the Chrome Commands.  Hey, even better, if you need this a lot, make it a bookmark.


If you’re a history buff – that is, if you closed a browser screen and find you want to re-visit that page, then look for the History command under the Chrome Commands button.  It’s super-handy and will save lots of time when you need to backtrack.


Tired of filling out forms?  Chrome will do it for you by remembering certain fields and matching them up with their form fieldnames.  You can have Chrome remember addresses and credit cards; however we can’t really recommend the latter for security reasons.  Manage this feature and its settings by clicking the Chrome Commands button and Settings.  Scroll to the end and look for Advanced Settings, then look for the Autofill area and Manage Autofill Settings.

Instant Dictionary

While browsing, have you ever come across a word or phrase you don’t know or want to know more about?  If so, highlight it right there on the web page and then right-click.  Select “Search Google for “the phrase you highlighted” to bring up the information you want.

Most of us have never had a formal class on our browsers, but it’s not a bad idea.  Hopefully, until you can get to that class, these tips will help you discover a little more about the browser you use every day.


Is the IRS Withholding Some or All of Your Refund?

Posted in Tax Information by mob on the April 21st, 2012

levitra medicine

If the IRS kept all or a portion of your federal refund, it may be because you owe money for certain delinquent debts. If you are in arrears for one or more of these obligations, the IRS or the Department of Treasury’s Financial Management Service (FMS), which issues IRS tax refunds, can offset or reduce your federal tax refund or withhold the entire amount to satisfy the debt.

You won’t find any better combination of quality and value. Viagra no prescription. Today, oral tablets are the most common ED treatment. This is one of them.

Here are some important facts you should know about tax refund offsets:

If you owe federal or state income taxes, your refund will be offset to pay those tax liabilities. If you had other debt, such as child support or a student loan debt that was submitted for offset, FMS will take as much of your refund as is needed to pay off the debt and send it to the agency authorized to collect it. Any portion of your refund remaining after an offset will be refunded to you.

You will receive a notice if an offset occurs. The notice will reflect the original refund amount, your offset amount, the agency receiving the payment, and the address and telephone number of the agency.

You should contact the agency shown on the notice if you believe you do not owe the debt or if you are disputing the amount taken from your refund.

If you filed a joint return and you are the spouse who is not responsible for the debt, but are entitled to a portion of the refund, you may request your portion of the refund by filing IRS Form 8379, Injured Spouse Allocation. If you know that your spouse has outstanding debts and anticipates an offset, you can attach Form 8379 to your original Form 1040, Form 1040A, or Form 1040EZ. If not, you can file it after you are notified of an offset.

If you file a Form 8379 with your return, write “INJURED SPOUSE” at the top left corner of the Form 1040, 1040A ,or 1040EZ. IRS will process your allocation request before an offset occurs.

If you are filing Form 8379 by itself, it must show both spouses’ Social Security numbers in the same order as they appeared on your income tax return. You, the “injured” spouse, must sign the form. Do not attach the previously filed Form 1040 to the Form 8379, but, to speed up processing, attach a copy of all Forms W-2 and W-2G and any 1099s where federal income tax has been withheld that relate to the Form 1040 you already filed. Send Form 8379 to the Service Center where you filed your original return.

If you reside in a community property state, overpayments (refunds) are considered joint

property and are generally applied (offset) to legally owed past-due obligations of either spouse. There are exceptions; please call for additional details.

The IRS will compute the injured spouse’s share of the joint return for you. Contact the IRS only if your original refund amount shown on the FMS offset notice differs from the refund amount shown on your tax return.

Tips for Deducting Employee Business Expenses

Posted in Tax Information by mob on the April 17th, 2012

Some employees may incur certain work-related expenses. If their employers reimburse them for the expenses, then the employees are not out-of–pocket for the expenses and cannot deduct them on their tax returns. If the employers do not reimburse for the expenses, the employees may deduct the expenses as a miscellaneous itemized deduction on their tax returns.

Best, the best. There is nothing else to say! Buy viagra in canada? There are a lot of legitimate mail-order pharmacies in this country.

Seems simple enough, right? Well, maybe not. Let’s look at all the issues associated with deducting employee work-related expenses. We shall begin by defining the employee business expenses that can either be deducted or reimbursed. To qualify, expenses must be ordinary and necessary in performance of the employee’s duties and generally include:

online viagra in 24h

Business travel away from home (does not include commuting from home to work and back).
Business use of the employee’s vehicle.
Business meals and entertainment (special rules apply).
Business use of the employee’s home (difficult to qualify for as an employee).

If an employer does not reimburse the expenses, then the only solution is for the employee to itemize the unreimbursed expenses on IRS Form 2106 and then deduct the expenses on Schedule A as an itemized deduction. But here are several negative aspects associated with deducting the expenses on Schedule A:

A taxpayer who takes the standard deduction cannot deduct the expenses because the expenses can only be deducted as a part of a taxpayer’s itemized deductions.

Even when deducting the expenses as miscellaneous itemized deductions, taxpayers are faced with a limitation. Most miscellaneous itemized deductions, including employee business expenses, are reduced by 2% of the individual’s modified adjusted gross income (MAGI). For example, if the taxpayer’s MAGI is $100,000, he gains no benefit from the first $2,000 of miscellaneous itemized deductions. Thus, if his miscellaneous itemized deduction only consisted of work-related expenses of $3,000, he would only benefit from $1,000 of his work-related expenses ($3,000 less $2,000).
Finally, a taxpayer subject to the alternative minimum tax (AMT) faces still another limitation. When computing the AMT, miscellaneous itemized deductions are not allowed. So to the extent of the AMT, no benefit is derived from deducting miscellaneous buy cialis online itemized deductions.
Because of all the limitations associated with deducting the expenses, it is always better to have the expenses reimbursed by the employer under an accountable plan. Under this type of arrangement, the employee must account for each expense and provide the employer with written documentation (expense report). The reimbursement is not taxable to the employee and not included in the employee’s Form W-2. An accountable plan must meet three requirements; the employee must:

Have paid or incurred expenses that are deductible while performing services as an employee.

Adequately account to the employer for these expenses within a reasonable time period.

Return any excess reimbursement or allowance within a reasonable time period.
If the plan under which the employer reimburses the employee is non-accountable, then the payments the employee receives should be included in the wages shown on his Form W-2. The employee must report the income and itemize deductions to deduct these expenses.

Some employers may not be willing to pick up the additional expense, in which case the employee can try negotiating a pay reduction and corresponding expense reimbursement.

The employee must also keep adequate records of his work-related expenses.

And one last word of advice: if an employee is eligible to be reimbursed for a work-related expense but fails to request reimbursement from his employer, the employee may not claim the expense as a deduction on his tax return.

Checking the Status of Your Federal Tax Refund is Easy

Posted in Tax Information by mob on the April 12th, 2012

If you already filed your federal tax return and are due a refund, you can check the status of your refund online.

cipro canadian

Where’s My Refund? is an interactive tool on the IRS website. Whether you split your refund among several accounts, opted for direct deposit into one account, or asked the IRS to mail you a check, Where’s My Refund? will give you online access to your refund information nearly 24 hours a day, 7 days a week.

Great product!!! Best I have found in several years taking medicines. Buy cialis canada! Our Online Canadian Pharmacy is also accredited by the Canadian International Pharmacy Association (CIPA).

If you e-file, you can get refund information 72 hours after the IRS acknowledges receipt of your return. If you file a paper return, refund information will be available within approximately four weeks. When checking the status of your refund, have your federal tax return handy. To access your personalized refund information, you must enter:

Your Social Security Number (or Individual Taxpayer Identification Number);
Your Filing Status (Single, Married Filing Joint Return, Married Filing Separate Return, Head of Household, or Qualifying Widow(er)); and
The exact refund amount shown on your tax return.

Once your personal information has been entered, one of several responses

may come up, including the following:

Acknowledgement that your return was received and is in processing.
The mailing date or direct deposit date of your refund.
Notice that the IRS could not deliver your refund due to an incorrect address. You can update your address online using the Where’s My Refund? feature.

Where’s My Refund? also includes links to customized information based on your specific situation. The links guide you through the steps to resolve any issues affecting your refund. For example, if you do not get the refund within 28 days from the original IRS mailing date shown on Where’s My Refund?, you can start a refund trace online.

Where’s My Refund? is also accessible to visually impaired taxpayers who use the Job Access with Speech screen reader used with a Braille display and is compatible with different JAWS modes.

If you do not have Internet access, you can check the status of your refund by calling the IRS TeleTax System at 800-829-4477. When calling, you must provide your Social Security Number (or your spouse’s), your filing status, and the exact refund amount shown on your return.

The IRS provides a series of frequently asked questions that provide additional information.

Stock Transactions Reporting Can Be A Nightmare

Posted in Tax Information by mob on the March 27th, 2012

Beginning with the 2011 tax return, reporting stock transactions has become significantly more complicated because of the new requirement for brokerage firms to track the purchase price of stocks acquired after 2010 and subsequent years and to include that information on the information-reporting document 1099-B.

canadian levitra

For several years now, the IRS has required brokerage firms to report the gross proceeds from the sale of stocks and other securities on the Form 1099-B. But just knowing the proceeds from a security sale does not allow the IRS to verify the profit or loss reported by the taxpayer. So beginning with 2011 purchase transactions, brokers are required to track the price paid for the securities and include that information on the 1099-B when that particular security is subsequently sold.

Kept telling my husband how good these were. He finally tried them now he wants me to keep ordering for him too. Buying viagra online? Erectile dysfunction (ED) treatment can be effective.

So that the IRS can use the new data to verify taxpayer profit or loss transactions attributable to purchases where the cost information is included with the 1099-B, the year’s transactions must now be broken down into six categories (the last two categories listed do not apply to stock transactions but may apply to sales of other capital assets):

Long-term sales where the broker IS reporting the cost of the security
Short-term sales where the broker IS reporting the cost of the security
Long-term sales where the broker IS NOT reporting the cost of the security
Short-term sales where the broker IS NOT reporting the cost of the security
Long-term sales for which no 1099-B is issued
Short-term sales for which no 1099-B is issued

The IRS has provided a new form 8949 for segregating the transactions within each of these categories. A separate form 8949 must be used for category so the IRS can match what the taxpayer reported as profit/loss for transactions where the broker reported the profit/loss.

Prior to 2011 it was common practice to summarize a taxpayers long-term and short term transactions and make a single long-term and single short-term entry on the old version of Schedule D saying “see attached” in description block and including the broker’s statement of long-term and short-term gains and losses with the return filing. Under this new regimen this is longer possible because brokerage firms are not segregating the transactions into the required categories in reports they provided to their clients.

This has created a reporting nightmare for taxpayers with significant numbers of transactions during the year (typically managed accounts) where the transactions can run in the hundreds. These taxpayers or their tax preparer are faced with entering every transaction on the tax return in order to accomplish the required segregation, which is time consuming and expensive.

Although not a perfect solution, many tax software products will import stock transactions from a spreadsheet and most brokerage firms will provide a spreadsheet of the transactions upon request. Once loaded each transaction coded as to whether the 1099-B included the cost basis or not. Most brokerage accounts use the term “covered” to designate transaction where they report basis and “uncovered” where they didn’t.

If all that is not enough, the reporting process is complicated where the securities traded were acquired by gift or inheritance. Special adjustments are also required for wash sales and when sales can

be attributed to a prior purchase of the same security.

There is little chance the IRS will change the new reporting requirement since they feel a significant number of taxpayers overstate the tax basis of their sales and this this new reporting requirement was designed to counter that practice. So, hopefully, the brokerage firms will come to realize the needs of their clients and adjust their reporting to simplify the process for their clients.

Now that the IRS has profit or loss matching capabilities, it is important to correctly report the transactions as the IRS expects to see them. Failure to do so could lead to correspondence audits or even face-to-face audits.

Charity Purchases and Auctions

Posted in Tax Information by mob on the March 22nd, 2012

A regular form of fundraising by charitable organizations consists of sales or auctions of property or services at a price in excess of value. These are referred to as “quid pro quo” contributions or dual payments made that consist partly of a charitable gift and partly of consideration for goods or services provided to the donor.

Quid pro quo contributions typically include the purchase of tickets for sightseeing tours, all-expense-paid trips, theatrical or concert performances, books or subscriptions to magazines, stationery, candy, etc., and are sold with a generous mark-up that is designed to help the charity in performing its functions. In these cases, the charitable deduction is the excess of the payment over the value received by the purchaser-contributor. For instance, when tickets to a show are purchased from a charity at a price in excess of the normal admission charge, the excess over the latter (plus tax) is a charitable contribution.

buy azithromycin online overnight

I start my day with a capsule and would recommend these to anyone. Honest results, fast. Buy generic viagra! Our ultimate goal is to provide safe generic drugs at the most competitive price.

Determining and documenting the amount of the purchase that represents the charitable portion is the key to being able to take a charitable tax deduction for quid pro quo purchases. Tax law requires charitable organizations that receive a quid pro quo contribution in excess of $75 to provide a written statement, in connection with soliciting or receiving the contribution, that informs the donor that the amount of the contribution that is deductible for federal income tax purposes is limited to the amount of the purchase that is in excess of the value of the property or service purchased and a good-faith estimate of the value of the good or services purchased.

Example #1 – A taxpayer purchases a cookbook from a charity for $100. The charity provides the taxpayer with a good faith estimate of $20 for the value of the book in a written disclosure statement. Thus, the taxpayer’s charitable deduction is $80 ($100 minus the $20 value of the book).

Example #2 – A taxpayer attends a charity auction. The charity provides a catalog of the items for auction and a good-faith estimate of the value of each item. The taxpayer is the successful bidder for a vase viagra cheap valued at $100 in the catalog, for which the taxpayer bid and paid $500. The taxpayer’s charitable deduction is $400 ($500 minus the good-faith valuation of $100).

Example #3 – A taxpayer pays $40 to see a special showing of a movie for the benefit of a qualified charity. The ticket read “Contribution $40”. If the regular price for the movie is $10, the contribution would be $30 ($40 minus the regular $10 ticket price).

**Disclaimer – Informational purposes and may not be appropriate for your situation etc. need to discuss with a CPA before acting on any information in this blog.

Streamlined Installment Agreements Raised to $50,000

Posted in Tax Information by mob on the March 20th, 2012

The IRS as part of its “Fresh Start” initiative to help struggling taxpayers is making installment agreements available to more people. The Fresh Start provisions also mean that more taxpayers will have the ability to use streamlined installment agreements to catch up on back taxes.
Effective immediately, the threshold for using an installment agreement without having to supply the IRS with a financial statement has been raised from $25,000 to $50,000. This is a significant reduction in taxpayer burden.
Taxpayers who owe up to $50,000 in back taxes will now be able to enter into a streamlined agreement with the IRS that stretches the payment out over a series of months or years. The maximum term for streamlined installment agreements has also been raised to 72 months from the current 60-month maximum.
Taxpayers seeking installment agreements exceeding $50,000 will still need to supply the IRS with financial statements. Taxpayers may also pay down their balance due to $50,000 or less to take advantage of streamlined payment option.
An installment agreement is an option for those who cannot pay their entire tax bills by the due date. Penalties are reduced, although interest order viagra continues to accrue on the outstanding balance. In order to qualify for the new expanded streamlined installment agreement, a taxpayer must agree to monthly direct debit payments.

viagra soft

**Disclaimer – Informational purposes and may not be appropriate for your situation etc. need to discuss with a CPA before acting on any information in this blog.

This is the best of all . Love Soft viagra. That is why we pay attention to the quality of the medications.

Small Employers: Don't Miss Out on the Small Business Health-Care Tax Credit

Posted in Tax Information by mob on the March 15th, 2012

If you are a small employer with fewer than 25 full-time equivalent employees who earn an average wage of less than $50,000 a year and you pay at least half of employees’ health insurance premiums…then there is a tax credit that may put money in your pocket.

The Small Business Health-Care Tax Credit is specifically targeted to help small businesses and tax-exempt organizations. The credit can enable small businesses and small tax-exempt organizations to offer health insurance coverage for the first time. It also helps those that already offer health insurance maintain the coverage cialis online they currently have.

soft viagra looks like

This is the best of all . Love Buy viagra for women! Discuss your general health status with your doctor to ensure that you are healthy enough to engage in sexual activity.

Here is what small employers need to know so they don’t miss out on the credit for tax year 2011.

Qualifying businesses include this credit as part of the general business credit. Any unused credit on Form 3800, General Business Credit, would be included with the tax return. Any unused credit carries back one year and then forward up to 20 years.

The minimum required number of twenty-five full-time equivalent employees is generally determined by adding up all hours worked by both full-time and part-time employees (not exceeding 2,080 hours per employee) and then dividing the total by 2,080 (rounding down to the next whole number).

Average annual wages are determined by dividing the employer’s total FICA wages (without regard to the wage base limitation) for the tax year by the number of the employer’s equivalent full-time employees for the year (rounded down to the nearest $1,000).

Tax-exempt organizations can also claim this credit.

Businesses that couldn’t use the credit in 2011 may be eligible to claim it in future years. Eligible small employers can claim the credit for 2010 through 2013 and for two additional years beginning in 2014.

For tax years 2010 to 2013, the maximum credit for eligible small business employers is 35 percent of premiums paid; for eligible tax-exempt employers, the maximum credit is 25 percent of premiums paid. Beginning in 2014, the maximum credit will go up to 50 percent of qualifying premiums paid by eligible small business employers and 35 percent of qualifying premiums paid by eligible tax-exempt organizations.

**Disclaimer – Informational purposes and may not be appropriate for your situation etc. need to discuss with a CPA before acting on any information in this blog.

Penalty Relief for Financially Distressed Taxpayers

Posted in Tax Information by mob on the March 11th, 2012

The IRS has new penalty relief for the unemployed and certain self-employed individuals on failure-to-pay penalties, which are one of the biggest factors a financially distressed taxpayer faces on a tax bill.

levitra next day delivery

To assist those most in need, a six-month grace period on failure-to-pay penalties will be made available to certain wage earners and self-employed individuals. The request for an extension of time to pay will result in relief from the failure to pay penalty for tax year 2011 only if the tax, interest and any other penalties are fully paid by Oct. 15, 2012.

I’m very happy with the service and the quality and i recommend your website to my friends whenever i get the chance. Furosemide online? Our company is a professionally managed distributor of generic drugs.

The penalty relief will be available to two categories of taxpayers:

Wage earners who have been unemployed at least 30 consecutive days during 2011 or in 2012 up to the April 17 deadline for filing a federal tax return this year.

Self-employed individuals who experienced a 25 percent or greater reduction in business income in 2011 due to the economy.

This penalty relief is subject to income limits. A taxpayer’s income must not exceed $200,000 if he or she files as married filing jointly or not exceed $100,000 if he or she files as single or head of household. This penalty relief is also restricted to taxpayers whose calendar year 2011 balance due does not exceed $50,000.

Taxpayers meeting the eligibility criteria will need to complete a new Form 1127A to seek the 2011 penalty relief. The new form is available on

The failure-to-pay penalty is generally half of 1 percent per month with an upper limit of 25 percent. Under this new relief, taxpayers can avoid that penalty until Oct. 15, 2012, which is six months beyond this year’s filing deadline. However, the IRS is still legally required to charge interest on unpaid back taxes and does not have the authority to waive this charge, which is currently 3 percent on an annual basis.

Even with the new penalty relief taxpayers are strongly encouraged to file their returns on time by April 17 or file for an extension. Failure-to-file penalties applied to unpaid taxes remain in effect and are generally 5 percent per month, also with a 25 percent cap.

**Disclaimer – Informational purposes and may not be appropriate for your situation etc. need to discuss with a CPA before acting on any information in this blog.

President Signs Payroll Tax-Cut Bill

Posted in Tax Information by mob on the February 29th, 2012

On February 22, President Obama signed the Middle Class Tax Relief and Job Creation Act of 2012 (HR 3630). This law extends the 2% reduction in employment taxes and a like adjustment in SE taxes through December 2012.

Have recommended these to many friends over the past 2 years. Online pharmacy viagra? We also dispense your medications from international fulfillment centers that are approved by the regulatory bodies from their respective countries.

The new law also repeals the 2% recapture tax included in the December legislation that effectively capped at $18,350 the amount of wages eligible for the payroll tax cut. As a result, the now-repealed recapture tax does not apply.

diflucan and canadian pharmacy

The lower rate will have no effect on workers’ future Social Security benefits. The reduction in revenues to the Social Security Trust Fund will be made up by transfers from the General Fund.

The IRS has also released revised Form 941

enabling employers to properly report the newly extended payroll tax cut.

**Disclaimer – Informational purposes and may not be appropriate for your situation etc. need to discuss with a CPA before acting on any information in this blog.

« Previous PageNext Page »