IRS Warns Consumers About New Phone Scam
The IRS is warning consumers about a very sophisticated phone scam that has been targeting taxpayers— especially recent immigrants— throughout the country. Often using fake IRS badge numbers and names, the perpetrators inform victims they owe money to the IRS…
Read moreNC Prepares for Final Tax Free Weekend for Appliances
This weekend (Friday 11/1 – Sunday 11/3) will mark the final weekend North Carolina shoppers can enjoy tax-free shopping on qualified Energy Star appliances. More details in this article from the Charlotte Observer.
Read moreIRS not issuing liens or levies, enforcement actions limited, during shutdown
As America continues to feel frustration over the current partial government shutdown, here are two good articles that let you know exactly what services the IRS can and cannot perform for the time being: Article 1
Read moreHow the Government Shutdown Affects Taxpayers and Tax Practitioners
The failure of Congress to agree on a continuing spending resolution on Monday led to the first federal government shutdown since 1995–1996. The shutdown involves a large number of federal government functions, including many affecting taxpayers and tax practitioners. According…
Read moreAt Least One Employee and $500K in Annual Revenue? Then You’ve Got a Deadline Coming Up 10/1/13!
If you have at least one employee and generate at least $500,000 in annual revenue, there is another healthcare requirement that applies to you–and you must act by October 1, 2013. As part of the Affordable Healthcare Act, you are…
Read moreScharf Pera Participates in the 2013 NCACPA Day of Service
We had an amazing time at Charlotte’s Loaves and Fishes Food Bank participating in the “2013 NCACPA Day of Service” event sponsored by the North Carolina Association of Certified Public Accountants. Pictured are members of the Scharf Pera staff from…
Read moreNew IRS Regulation Makes Restaurateurs Rethink Automatic Tips
Restaurant owners may need to rethink the practice of adding automatic tips for large parties. A new IRS regulation that starts in January now identifies automatic gratuities as service charges. That means payroll tax withholding! Find out the details in…
Read moreTreasury/IRS Announce Legal Same-Sex Marriages To Be Recognized For Federal Tax Purposes
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) has ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. The ruling applies regardless of whether…
Read moreScharf Pera & Co., PLLC Prepares For Annual Day of Service!
On September 20, 2013, Scharf Pera & Co., PLLC will be participating in the NCACPA’s 2nd annual “Day of Service.” This is a special day set aside for our employees to join forces to support a local charity. This year…
Read moreProposed small employers’ health insurance premium tax credit rules issued
The IRS has issued proposed regulations governing the Sec. 45R credit for small employers that offer health insurance coverage for employees . The biggest differences involve the amount of the credit, the fact that employers must obtain the insurance coverage…
Read more