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What Do Whistleblowers and Hedge Funds Have in Common

Whistleblowing becomes a for-profit business.  In David Kocieniewski’s article, Whistle-Blowers Become  Investment Option for Hedge Fundshe outlines how the hedge funds and private equity groups are getting into the Whistleblowing business by buying a percentage of future payouts. Informants who turn in tax cheats have to wait years to get their share of any rewards from the I.R.S.’s…

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IRS Gearing Up to Evaluate How Businesses Classify Employees

In it’s recently released report, Employment Tax Compliance Could Be Improved With Better Coordination and information Sharing, the Treasury states: The misclassification of employees as independent contractors is a nationwide issue affecting millions of employees that continues to grow and contribute to the tax gap.  According to program documents, closing the tax gap remains as one…

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It’s All About Tax Compliance for Businesses and Corporations

For the IRS, It’s all about Tax Compliance for Businesses If you have been in noncompliance with the tax laws, playing around the edges of the tax laws, hiring 1099 contractors, rather than employees and are not worried about an audit, because the chances of an audit are low,  then the next couple of posts are a must read for you….

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Businesses Can Save Money When Hiring New Employees

As a business owner you may now have an opportunity to either receive a payroll tax savings for the rest of 2010 on  employees you hire or take a tax credit against business income on your 2011 tax return. Save Money when Hiring New Employees The Work Opportunity Tax Credit offers business owners to take…

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