Federal Employment Taxes Every employer is required to apply for an "Employer Identification Number" on Form SS-4 to cover federal income tax withholding, social security payments and Unemployment Insurance.
The IRS recommends that you attend a Small Business Workshop because it provides an introduction to business taxes. Typically a workshop includes discussion of the following topics:
Tax advantages and disadvantages of sole proprietorships, partnerships, corporations.
The basics of preparing your business tax returns.
How to withhold and make deposits of Federal taxes.
How the IRS works: services, tax audits, your appeal rights, penalties a business may incur.
What records you will need to keep and how good records benefit your business.
If doing business under own name, registration is not required, but it is desireable.
If trading under any ficticious name, even your own, registration of this trade name may be accomplished by contacting:
Office of Secretary of State
State of New Hampshire
25 Capital St, 3rd Floor
Concord, NH 03301
(603) 271-3244 (603) 271-3246 Click on "Forms & Laws" then "Tradenames"
You receive a 5-year registration with a $50 fee.
NH I&D tax is assessed on Interest & Dividend income and is levied on all New Hampshire residents and fiduciaries whose gross interest and dividends income, from all sources, exceeds $2,400 annually ($4,800 for joint filers).
In addition, Limited Liability Companies (LLC's), Partnerships, and Associations, with non-transferable shares, whose gross interest and dividends income, from all sources, exceeds $2,400 annually must file and pay NH I&D Tax.
New Hampshire Department of Revenue Administration
Governor Hugh Gallen State Office Park
109 Pleasant Street (Medical & Surgical Building)
Concord, NH 03301
Taxpayer Services Division tel: (603) 230-5000
Here is a table of the BPT, BET, & I&D tax rates in NH from 2016 to 2026:
YearBPT Rate YearBET Rate Year I&D Tax Rate
2016 7.7% 2016 0.6% 2016 5%
2017 7.7% 2017 0.6% 2017 5%
2018 7.7% 2018 0.6% 2018 5%
2019 7.7% 2019 0.6% 2019 5%
2020 7.6% 2020 0.55% 2020 5%
2021 7.6% 2021 0.55% 2021 5%
2022 7.6% 2022 0.55% 2022 5%
2023 7.6% 2023 0.55% 2023 4%
2024 7.6% 2024 0.55% 2024 3%
2025 7.6% 2025 0.55% 2025 2%
2026 7.6% 2026 0.55% 2026 1%
NH I&D Tax is repealed for taxable periods beginning after 12/31/2026
Here is a table of the BPT & BET filing thresholds in NH from 2016 to 2026:
State and municipal ordinances require licenses of various kinds for a number of businesses. A restaurant, for instance, may require clearance from the local Fire Dept., Sanitation Dept., Health Dept., Board of Alcoholic Beverage Control, etc.
State licenses are required for business activities such as:
“Partial Payment” means partial payment of the total amount due. Check out this part of theIRM 5.14.2.2 (04-26-2019) Overview
All taxpayers are expected to immediately full pay delinquent tax liabilities. When this is not possible, taxpayers may be allowed to pay their liabilities over a prescribed period of time. If full payment cannot be achieved by the Collection Statute Expiration Date (CSED), and taxpayers have some ability to pay, the Service can enter into Partial Payment Installment Agreements (PPIAs). The American Jobs Creation Act of 2004 amended IRC §6159 to provide this authority. CSED
The Collection Statute Expiration Date refers to the last date the IRS can collect on a debt – generally, ten years from the date of assessment. If you file a tax return, the date of assessment is the date the IRS processes the tax return and posts it to your account for that year. Thus, if the latest assessment date for the years covered by your installment agreement is sometime this year, the CSED should be in 2030 – ten years from now, not eleven.
A partial payment installment agreement cannot be approved by the IRS without an evaluation of your finances. Usually, this means you have to complete Form 433-A, the Collection Information Statement. (See IRM 5.14.2.2.1(1).)
AoA Programs - US Dept of Health & Human Services | Older Americans Act & Aging Network | Home & Community Based Long-Term Care | Elder Rights Protection | Health, Prevention, and Wellness Program | Special Projects | Tools & Resources | SUA/AAA Finder Organized and coordinated
AoA Programs - US Dept of Health & Human Services | Older Americans Act & Aging Network | Home & Community Based Long-Term Care | Elder Rights Protection | Health, Prevention, and Wellness Program | Special Projects | Tools & Resources | SUA/AAA Finder Organized and coordinated providing community based services. Local level - Area Agency on Aging | meals | care giving | house maintenance | case management
The Five Wishes is a user-friendly document that serves as a combination living will and health power of attorney. It allows you to name the person you want to make medical decisions for you and to describe the medical treatment you want or don’t want, as well as your personal, emotional and spiritual needs for your end-of-life care and death. Five Wishes is America’s most popular living will & health power of attorney because it’s written in everyday language and helps people express their wishes in areas that matter most — the personal and spiritual in addition to the medical and legal. It also helps you describe what good care means to you, whether you are seriously ill or not. It allows your caregiver to know exactly what you want. | Completing Five Wishes is a gift to your family, friends and your doctor because it keeps them out of the difficult position of having to guess what kind of treatment you want or don’t want.
American Childhood Cancer Society continues to help over a million children beat cancer. A great organization dedicated to cancer research and awareness.
BenefitsCheckup.org - A service of the National Council on Aging * Find Benefits Programs...Get all the benefits you deserve. Find and enroll in federal, state, local and private programs that help pay for prescription drugs, utility bills, meals, health care and other needs.
Instant access to useful financial ratios, business statistics & benchmarks. Effective, understandable analysis of businesses & industries. This benchmarking tool provides national average results of US Sole Proprietorships and does include operating results for corporations, LLC's and larger entities. These are nationals averages only, individual results will differ, and the differences may be significant.
News sites do not get more thorough than this. You will find up-to-the-minute coverage of the latest news events, complete with audio, video, and tons of links to related stories and background material. CNN Remote delivers news updates to your Desktop every five minutes.
Ebay is one of the largest Internet companies that allows users to buy and sell goods. But beware...try as they might some users are not on the up and up.
EIN over the Internet is a Web-based application that allows employers to apply for and receive an EIN on-line. The SS-4 Form on this site can be filled out on line. The toll-free number for EIN's 866-860-2065 is up and running
Welcome to the Eldercare Locator, a public service of the U.S. Administration on Aging connecting you to services for older adults and their families. You can also reach us at 1-800-677-1116. Related Searches | Retirement Planning | Future Retirement Planning | Retirement Advisor | Nursing Home Directory | Retirement Home | Independent Living | Find a Doctor | Health Insurance | Retirement Community | Retirement Homes | Assisted Living Home
The reason we made Expertise.com is to help people make truly better decisions by clearly laying out their options, with content written by industry experts. Because of our non-biased approach, we’ve been a trusted source for government entities and organizations throughout the US. Many publications and businesses already use our guides as resources for their readers. Here are a few examples: 1. City of Scottsdale Arizona “How to Hire Home Remodelers” 2. Frederick County, Maryland, “How to Hire Home Remodelers”
John Q. Public meets Uncle Sam at FedWorld. You will find a wealth of government and business information-everything from government standards to 17,000 trade-related documents and up-to-date analyses of major U.S. industries.
Tax Relief now for all Tax Problems with Guardian. Liens, Back Taxes or an IRS Payment Plan
Khan AcademyWith over 3,200 videos on everything from arithmetic to physics, finance, and history and hundreds of skills to practice, we're on a mission to help you learn what you want, when you want, at your own pace.
Tax Questions? Watch Videos Get Answers -- Individuals | Small Businesses | Tax Professionals | Governments | Español | Learn about tax topics through video and audio presentations. Archived versions of live panel discussions • Archived webinars • Video clips • Audio archives of national phone forums
Mapquest provides maps to and from desired destinations. The service also tells you the distance (in miles) and anticipated travel time. The service is free.
The Mesothelioma Group, has published a very informative guide to understanding cancer. The Mesothelioma Group donates to local charities and provides scholarships to victims and their families.
Our website www.nursinghomeabuse.net is a resource for families and individuals who may be facing nursing home abuse and neglect. We are trying to raise awareness about nursing home abuse and we need your help. Please consider placing a link to nursinghomeabuse.net on your website so that we can reach more people about this important topic.
The National Family Caregivers Association educates, supports empowers and speaks up for the more than 65 million Americans who care for loved ones with a chronic illness or disability or the frailties of old age. NFCA reaches across the boundaries of diagnoses, relationships, and life stages to help transform family caregivers' lives by removing barriers to health and well being. NFCA's core Caring Everyday messages are: Belief in Yourself. Protect Your Health. Reach Out for Help. Speak Up for Your Rights. Rosalyn Carter said it best: “There are only four kinds of people in the world – those who have been caregivers, those who are currently caregivers, those who will be caregivers and those who will need caregivers”. Caregivers are needed for family members of all ages. With appropriate information and support, family caregivers can help their loved ones across the lifespan.
Nursing Home Abuse Guide - Was created so families and loved ones could seek answers on elder abuse and neglect. Injury types to claims, nursing home abuse guide covers an extensive amount of elder abuse discourse.
Each year, 1/10 seniors in nursing homes and assisted living facilities are abused or neglected. Only 1/5 of those incidents actually goes on to be reported. Nearly 65% of those abused are women. Let’s help raise awareness, get families the help they need, and make life safer for our seniors.
This website focuses on small business owners and self-employed individuals and provides them assistance with an array of basic tax questions and issues.
The Social Security Administration website. This is a great place to request earnings reports or to ask questions about Social Security.
Social Security - When is the Right Time?A Web site developed by Boston University professor Laurence Kotlikoff and other economists. You find the case studies by first clicking on the "Learn More" link at the site.
When an ongoing tax issue can't be resolved through the usual IRS channels. When significant hardship could result unless tax relief is granted. This taxpayer may qualify to request a Taxpayer Advocate. Your Advocate will hear your point of view, take a fresh look at the situation and stay with you until those tax tangles are resolved fairly. This service can be requested for both individual and business taxpayers.
Topic Search. Enter one or two words and search through all of the (about 5,000) topics in Tax MapTopic IndexSelect the appropriate letter below and browse through a list of frequently used topics (approximately 400) to start your search
Let us give you some tax relief by stopping IRS penalties and interest. You don't have the fight the IRS alone anymore, trust the experts at Guardian Tax Resolutions to help fight for you.
Track your refund. If you would like to know when you will be receiving your tax refund from federal and state, this is the place to check. IRS: Click here
In 1990, the Treasury Department announced the "Education Bond Program." This program allows interest to be completely or partially excluded from Federal income tax when the bond owner pays qualified higher education expenses at an eligible institution or State tuition plan in the same calendar year the bonds are redeemed. Payments to State tuition plans have been eligible since January 1, 1998. Series EE bonds issued January 1990 and later, along with all Series I Bonds, are eligible for this program. You aren't required to indicate that you intend to use the bonds for educational purposes when you buy them, but make sure you meet the program's requirements, some of which apply when you buy the bond(s).
No matter what stage your business is at, you will find a wealth of information here on starting, running and expanding. Get step-by-step information on launching a business, find out about SBA loan programs, take an online course or register your business in Pro-Net for government contracting opportunities.
This is NOT the IRS government site. It is an independent tax source, providing information, forms and useful links. It also provides a link to tax professionals and contains filing software.
One of the most frequently visited sites in America. The Internal Revenue Service has more than you would ever want to know regarding taxes. This government site contains information about taxation and forms that can be downloaded. Publication 17 (Your Federal Income Tax) provides instructions for completing Form 1040. Publication 554 (Older American's Tax Guide) offers a detailed discussion of taxation issues of special interest to seniors. Publication 915 (Social Security and Equivalent Railroad Retirement Benefits) offers a comprehensive discussion of the taxation of Social Security and railroad retirement benefits.
Across the world, death and serious injuries occur from Consumer Products all too often. This site is dedicated to helping raise awareness of these products that we hope will decrease the amount of these tragedies. Education is the key to consumer protection, and we hope to be the best resource available.
Many faith communities fulfill a strong social role in providing services to seniors. Churches may run adult day care programs or provide meals or shelter. Organizations such as Catholic Charities and Jewish Family Services often have some care management and companion services available for seniors.
Financial Engines offers a web-based calculator, developed by Nobel Prize winner William F. Sharpe, professor emeritus at Stanford University. The calculator analyzes relative portfolio risk and the probability of reaching retirement financial goals with a given portfolio. It also allows the user to modify assumptions about returns, asset class selections, and retirement dates to project the likelihood that certain actions will increase the likelihood of achieving retirement goals.
I know no one likes to think about this as if thinking about it might cause it to happen, but your physical existence is going to end one day. More often than not, it's a total surprise when it happens and no one, including the deceased, is prepared for all that comes next. Personal Fact Sheet | Simple Will | Living Trust | Pour Over Will | Advance Health Care Directive | Living Will | Health Care (Durable) Power of Attorney | Power of Attorney | Organ Donation | Funeral Home Arrangements | Treatment of the Body | Memorial Services | Notification | Additional Information | Links
We offer an annual scholarship essay contest where we give out $10,000 in scholarships to students in colleges and universities.
This is of course on top of our active online community made up of very medical professionals: two thoracic nurses with more than 25 years of experience, Ricki Lewis, PhD, geneticist who has proven to be an invaluable expert resource for Mesothelioma Help as we report on the latest breakthroughs in gene therapy, two caregivers and survivors that share their experiences and advice with our readers (just to name a few).
One other notable aspect is our live Q&A's with our team of nurses (you can visit our website to view prior and upcoming sessions)
The Market Segment Specialization Program focuses on developing highly trained examiners for a particular market segment. A market segment may be an industry such as construction or entertainment, a profession like attorneys or real estate agents or an issue like passive activity losses. An integral part of the approach used is the development and publication of Audit Techniques Guides. These Guides contain examination techniques, common and unique industry issues, business practices, industry terminology and other information to assist examiners in performing examinations.
A network of 10,000 tax experts serving individuals and companies. Responsive and respectful to diversity and client needs. Representing over 5 million US taxpayers.
QSTP earnings will be tax-free if spent on qualifying education -- in this case college only. Each state has its own, and there are several differences in the details from state to state.
The IRS established a web page designed to alert tax practitioners and taxpayers to tax scams and fraud schemes. The website highlights priorities for Criminal Investigation (CI). Current focus is on abusive foreign and domestic trusts, employment tax evasion, and nonfilers.
The US Securities and Exchange Commission (SEC) has developed an interactive quiz for students, "Test Your Money $marts." And for those already in the stock market, check out the information on consumer protection, listed under "Investor Assistance and Complaints."
THOMAS Library of Congress Website - Government contacts. THOMAS was launched in January of 1995, at the inception of the 104th Congress. The leadership of the 104th Congress directed the Library of Congress to make federal legislative information freely available to the public. Since that time THOMAS has expanded the scope of its offerings to include the features and content listed below. Bills :: Resolutions :: Activity in Congress :: Congressional Record ::Schedules :: Calendars :: Committee Information :: Presidential Nominations :: Treaties :: Government Resources For Teachers :: Help and Contact
Quatloos! Why pay taxes? "The Truth About Frivolous Tax Arguments" responds to some of the more common frivolous "legal" arguments made by individuals and groups who oppose compliance with the federal tax laws. These arguments are grouped under six general categories, with variations within each category. Each contention is briefly explained, followed by a discussion of the legal authority that rejects the contention. A final section explains the penalties that the courts may impose on those who pursue tax cases on frivolous grounds.
This is the website of the President of the United States. Want to hear, first hand, what the President is saying? Or want a tour of the White House? This is the place.
Senior Caregiver, Small Business, Tax, & Accountant
Self-Employed IRS Audits
We've been through several audits where the IRS has denied business deductions because of lack of receipts. You need 2 things to prove a deduction:
A receipt showing what was purchased, and
Proof of payment, Without both, the IRS has denied.
For meals & entertainment (M&E) expense you need documentation to prove it was a necessary business e
We've been through several audits where the IRS has denied business deductions because of lack of receipts. You need 2 things to prove a deduction:
A receipt showing what was purchased, and
Proof of payment, Without both, the IRS has denied.
For meals & entertainment (M&E) expense you need documentation to prove it was a necessary business expense. You should keep a receipt with the name of the person you met with and the nature of the business discussed (who, what, where, when & why).
To back up gas expense you need to keep a mileage log. Another document the client should keep, (even if using the mileage method for automobile expense) are records of auto repairs. Auto repair bills have the odometer readings - this helps to justify any mileage claimed. IRS will look to disallow auto mileage without backup receipts.
The IRS will look to disallow any business expense debited on a bank statement without having the applicable backup receipt.
Assume that you are one of the almost 4% who are going to have your Schedule C business expenses audited by the IRS.
You had the misfortune of being chosen through random selection (50% of audits are random selections; the other 50% are based on test scores).
The three (3) lines on Schedule C that contain the expenses that the IRS is most likely to audit are:
1. Car & truck expense: line 9,
2. Travel expense: line 24(a) and
3. Meals & Entertainment expense: line 24(b).
The reason the IRS targets these lines is simple: The law requires specific records for these expenses. If you don't have properly kept records, you get no deductions.
Car & Truck expense: You must have a log that proves your business-mile percentage. Regardless of how you deduct your vehicle, you must have a supporting mileage log.
If you use the IRS standard mileage rate, you need the mileage log.
If you use the actual expense method, you need a mileage log -- and you may not use the business standard mileage rate for any vehicle after taking any depreciation expense under MACRS or §179 on that vehicle.
In addition to the mileage log, if you are using the actual expense method, you must have a receipt for any car or truck expense.
If you use an appointment book or calendar, save it along with your copy of the tax return. A mileage log can be reconstructed from those pages;
Save vehicle repair receipts—repair bills often contain the odometer reading, and total mileage for the year can be extrapolated if there is more than one receipt;
Record your beginning and ending odometer reading in your appointment book on Jan 01st and again on Dec 31st.
Travel Expense: during the travel, you need both:
receipts for expenses, and entries for each business day saying where you were and listing your business reason(s) for being there that day to determine what you can and can’t deduct and follow the rules.
(See IRS Pub 463, Travel, Entertainment, Gift, and Car Expenses)
Meals & Entertainment expense, including entertainment involving meals, you need:
WHO - record the name or names of the person(s) you entertained,
WHAT - record the business reason for the entertainment,
WHERE - record the place and type of entertainment,
WHEN - record when the business meeting occurred,
WHY - record the purpose of the business meeting,
HOW - keep receipts for any entertainment.
Regardless of the system you use (journal, diary, ledger, calendar, computer, tablet, iPad, iPhone, smartphone...), make sure that you write down, on a timely basis, the answers to the documentation requirements; WHO, WHAT, WHERE, WHEN, WHY, HOW. The law requires timely recording, which the IRS says is anytime within one week.
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