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REED TINSLEY, CPA

How to report fringe benefits on the W-2

nbsp Taxable fringe benefits include cash bonuses, severance or vacation pay and noncash gifts such as season tickets to sporting events and gift certificates or gift cards. Taxable fringes are... Read More >

Summary of OIG Advisory Opinion 08-22

nbsp From the American Health Lawyers Association www.healthlawyers.org On December , , the Department of Health and Human Services, Office of Inspector General OIG issued Advisory Opinion - , in... Read More >

Recent IRS comings and goings……

IRS Posts Publication Explaining Individual Income Tax The IRS posted an updated version of Publication , Your Federal Income Tax , to www.irs.gov . The online version has more than... Read More >

2009 Standard Mileage Rates Released

The optional standard mileage rates have been released. The mileage rates will decrease from the second half of . Beginning January , , the standard business mileage rate will be... Read More >

S Corporation Officer’s Compensation

An IRS fact sheet discusses compensation paid to S corporation officers for services rendered, which should be treated as wages and not as distributions or loans to the officers. While... Read More >