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“As an online retailer, I don’t have to collect any sales tax.” I hear this from clients all the time and it is absolutely not true, maybe. You see, one of the hottest areas of commercial law right now concerns the internet and which internet sales are subject to sales [...] In an incredible story of the victory of the underdog over the evil forces of bureaucracy, Lori Singleton-Clarke’s epic struggle shows that you can face the IRS and get what is rightfully yours. If you or someone you know is studying or planning on earning a university degree, then you should know her story. You can read the plain-vanilla version as it appears in the Wall Street Journal here, or just skip to the saga as it will undoubtedly unfold in a future Hollywood blockbuster [...] 2010′s Great Roth Conversion isn’t just a neat, one-off tool for the rich, it can have repercussions for the hungry, up-and-coming entrepreneur as well. Roth plans can be a boon long-term for those who believe that they will end up in a higher tax bracket in the future than the one that they are in now. Since every entrepreneur is a dyed-in-the-wool optimist, if you’re not currently in the highest tax bracket, you probably plan on being so in the future! So let’s review what makes the Roth so attractive and see who are the primary candidates who could benefit from a Roth conversion or a Roth [...] Admit it, you don’t really think about taxes before you turn your shoebox full of receipts over to your accountant sometime in March, right? She gives you back a form and you sign it and send it in along with a fat check, if you’ve had a good year, or maybe, if the year sucked (2008?) you actually get some money [...] |
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