Entries for September 2011

September 14, 2011 From the IRS NewsWire, issue IR-2011-93 WASHINGTON — The Internal Revenue Service today issued guidance designed to clarify the tax treatment of employer-provided cell phones. The guidance relates to a provision in the Small Business Jobs Act of 2010, enacted last fall, that removed cell phones from the definition of ...

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  This guy is in Las Vegas, Nevada and is in desperate need of a foster home.   From a friend's e-mail: "This sweet scared boy is still at the Henderson shelter and some staff there have not been the most cooperative when people have brought their dogs to meet him. Seems to be some pitbull prejudice there! They have even taken h...

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 It takes a village to run a business.  And by "village" I mean if you're a business owner in Nevada, chances are you'll run across the Secretary of State, the Department of Taxation, the IRS, and the city and county business license bureaus, among many others.  Are you aware there are organizations like SCORE and the Small Business ...

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 When you're applying for a loan, opening a bank account, or doing business with a vendor, you're often asked whether your company is in good standing.  Sometimes, you'll receive a notice in the mail saying your entity is in default but the notice doesn't exactly look official and you aren't sure. How can you find out whether your ent...

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PRESS RELEASE:  On September 8, 2011, the Nevada Secretary of State revoked the corporate status of over 400 businesses whose registered agent, Power Point Management, Ltd., failed to respond to requests for information from the Secretary's office.  If you used Power Point Management as your registered agent, and your own address was...

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PRESS RELEASE: If you formed a Nevada entity as a shell corporation or in order to evade taxes, launder money, or violate securities laws, Nevada Secretary of State Ross Miller and his newly-appointed Corporate Ownership Fraud Task Force are coming for you.  The Secretary's office is working closely with the IRS to fight these fraudulent activ...

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I recently met with one member of a two-member LLC with no operating agreement.  We'll call my client Jane and her partner Joe.  Jane was concerned because Joe was engaging in activities that could jeopardize reimbursements the company receives from the government for the services it provides.  Jane voiced these concerns and Joe prom...

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