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Oops!! Preparer's Ommission Leaves Couple with $104,295 penalty! 30 Aug 2011 | 06:03 pm

Oh, the poor Woodsum's. They took their return to their preparer who left one measly 1099-Misc off their return and this poor couple gets stuck with a $104,295 penalty...not to mention the $521,473 ta...

Big Tax Hike for S corporations 27 May 2010 | 11:14 am

One of the main advantage for forming an S corporation is about to go away. Right now, S corporation shareholders only pay employment taxes on the wages paid. But thanks to Section 413 of HR 4213-Ame...

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Defined Contribution vs. Defined Benefit Plans beamalifeinsurance.com 31 Jul 2013 | 09:59 pm

Employees today have quite a few retirement options, including defined contribution and defined benefit plans. However, many workers still wonder what is a defined benefit plan, and is it really diffe...

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