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IRS Extends Work Opportunity Tax Credit

The American Taxpayer Relief Act of 2012 has been amended to extend the Work Opportunity Tax Credit (WOTC) through Dec. 31, 2013, for taxable employers and qualified tax-exempt organizations. Businesses can still take advantage of the WOTC savings, r...
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IRS Cracking Down on Form 1099 Reporting

by Bill Leary, CPA, Director, Tax Group, Doeren Mayhew As we approach February, taxpayers need to consider whether they are required to file information returns (Form 1099s) with payees and the Internal Revenue Service (IRS) by Feb. 28, 2013. The IRS...
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