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Bonnie Lee Archive

  • Why You Shouldn’t Be Afraid of the IRS

    Published March 07, 2013

    Every year, thousands of Americans skip out on paying taxes. Some do it out of fear, others out of lack of knowledge and some for financial reasons. But none of these are good excuses.

  • Tips for Protecting Your Business During Tax Season

    Published March 06, 2013

    Despite all the headlines and research screaming at the rise in identify theft, we aren’t careful with our personal information. Find out how to protect yourself.

  • How to Correctly Write Off Depreciation

    Published March 01, 2013

    Depreciation is a business expense applicable to the purchase of capital assets, but it can get a little tricky for owners to work out without getting in trouble with Uncle Sam.

  • Sorting Fact from Fiction on Taxing Tips

    Published February 28, 2013

    There are quite a few misconceptions about how the IRS views tip income. It’s time to set the record straight.

  • Cheat Sheet on Statute of Limitations

    Published February 22, 2013

    There is a statute of limitations for various tax scenarios--here's what filers need to know about how long the taxman can come after them.

  • Defining Taxable and Nontaxable Income, Part 2

    Published February 21, 2013

    Tax law is so convoluted and filled with exceptions that it becomes more and more difficult every year to keep up. If you get an odd piece of income – something other than your W2 wages or a retirement distribution and you find you need to clarify the tax implications, here are some tips.

  • Do You Qualify for the Earned Income Tax Credit?

    Published February 14, 2013

    The Earned Income Tax Credit is a refundable tax break that is designed to help low-income workers make ends meet. But because of fraud, the IRS has strict requirements on who is eligible to take the credit.

  • Misclassify a Worker on Your Taxes? IRS Offers Help

    Published February 08, 2013

    How employers classify their employees can hold serious tax implications.

  • Tips for Filing Your Tax Return For Free

    Published February 07, 2013

    The IRS has made it very easy to prepare and electronically file your own income tax return--here's what to look out for. 

  • ObamaCare Taxes in 2013: How to Prepare

    Published February 01, 2013

    Here’s a list of new health-care issues and medical tax law changes every small business owner needs to know.