W-9 a must!

It is so important you keep a completed W-9 with you at all times if you are a small business that works for other businesses. I have know some businesses that will not pay you until they have a completed W-9. In order to complete a W-9, you need either your Social Security number or an EIN. My opinion it is always best to get an EIN. You can have the W-9's preprinted and ready to hand out. You do not have to worry about giving out your Social Security Number. IT IS FREE! Go to www.irs.gov and in the search box type in ein. You can file online and have an EIN within seconds. Make sure you also print a few blank ones when you need the W-9. Remember also you will need to get a W-9 whether or not they are a corporation. They must mark on your W-9 that they are a corporation. You do not need to give them a 1099-misc if they are a corporation, but in case you need it you need the W-9 in your file!

1099 Woes

Well I hope everyone has heard about the new 1099-K that will tell you how much money you brought using a credit card processor or website like PayPal. Well it seems as though they are going to change it again! You will probably still receive a 1099-K this year if you processed credit cards, but there is no where to report it! That right! On the business forms where you should report it it says, "For 2011, write in 0" For tax professionals and others David Purkey has a great video that may answer some questions. It can be found at http://youtu.be/rfkV--5HRS4. David is a CPA and an Enrolled Agent. His business in Pinnacle Tax in Beaverton Oregon. It is a very interesting video. Please be on top of the game. Learn all you can!

I-Phone

WOW I love this thing. If you are thinking about a new phone you have to try this one. I just love all of the apps and things you can do with this phone. They also have so many podcasts that are free. If you want to learn this is the way to go. today I found I-Tunes University. WOW. I also made my own app (simple) and you can check it out for free. Download buzztouch and check out all the apps on it. I have several, Oregon Tax Pro, Real Time Bookkeeping and our Networking group- Sources.

Haiti Relief Donations Qualify for Immediate Tax Relief

IRS just announced this tax bill. Read all about it here. http://www.irs.gov/newsroom/article/0,,id=218678,00.html
You may be able to relieve some of your tax burden by donating to the Haiti victims.

Great New App

I found a new site http://buzztouch.com/ where you can create an app for your iphone. I had so much fun!
Try it and then look up my apps Sources (our networking group) Oregon Tax Pro, QuickBooks, and Real Time Bookkeeping.
This is great!

Text message from Textfree on iPhone/iPod Touch

Hopefully this works

I know i am kinda slow but now I can add to my blog from my phone!

You gotta love technology!

As I sat at my desk the other morning about 4am, I opened my e-mail. There was a note from a previous tax client and it said she had faxed over her tax information and asked me to prepare her taxes this year. I thought to myself, how nice I can sit her in my jammies and do some taxes!
Next my son im'd me and says here is the website for my W-2. Can you do my taxes for me. So I finished up my client and then did my son's taxes.
Just as I got his done, I received an e-mail from another client that had her w-2 attached to the e-mail.
So I did her taxes.

All before most people are out of bed I had completed 3 tax returns.

I love technology!