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	<title>Ask CPA Sam</title>
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	<link>http://askcpasam.com/blog</link>
	<description>Payroll, Tax, Financial and Other Random Discussions</description>
	<lastBuildDate>Fri, 05 Mar 2010 13:03:45 +0000</lastBuildDate>
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		<title>Yikes, A Big Tax Bill!!!</title>
		<link>http://askcpasam.com/blog/2010/03/05/yikes-a-big-tax-bill/</link>
		<comments>http://askcpasam.com/blog/2010/03/05/yikes-a-big-tax-bill/#comments</comments>
		<pubDate>Fri, 05 Mar 2010 13:03:45 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Employee]]></category>
		<category><![CDATA[Payroll]]></category>
		<category><![CDATA[Taxation]]></category>
		<category><![CDATA[income taxes]]></category>
		<category><![CDATA[local taxes]]></category>
		<category><![CDATA[Pennsylvania]]></category>
		<category><![CDATA[tax liability]]></category>
		<category><![CDATA[under withheld]]></category>
		<category><![CDATA[w4]]></category>
		<category><![CDATA[withholding]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=476</guid>
		<description><![CDATA[Q. My husband works for a large company, and I receive disability and do not work.  We just had our taxes done this week and got quite a shock!  We had a federal income tax refund of over $4000, but owed state tax of $1000 and local taxes of $600.  We are in PA.  How [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/03/05/yikes-a-big-tax-bill/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Credit Card Rules</title>
		<link>http://askcpasam.com/blog/2010/02/26/new-credit-card-rules/</link>
		<comments>http://askcpasam.com/blog/2010/02/26/new-credit-card-rules/#comments</comments>
		<pubDate>Fri, 26 Feb 2010 14:14:03 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Financial Planning]]></category>
		<category><![CDATA[balance transfers]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[credit union]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[legislation]]></category>
		<category><![CDATA[regional bank]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=474</guid>
		<description><![CDATA[After watching the stories about the new credit card rules this week, I decided to do some digging and see exactly what options are available for those wanting to open new credit accounts.  One story I heard was from a man with a long-time Macy&#8217;s credit account.  He said his account is now charged interest [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/02/26/new-credit-card-rules/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Which 1040 Do I Use?</title>
		<link>http://askcpasam.com/blog/2010/02/18/which-1040-do-i-use/</link>
		<comments>http://askcpasam.com/blog/2010/02/18/which-1040-do-i-use/#comments</comments>
		<pubDate>Thu, 18 Feb 2010 13:47:41 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Taxation]]></category>
		<category><![CDATA[1040]]></category>
		<category><![CDATA[accountant]]></category>
		<category><![CDATA[CPA]]></category>
		<category><![CDATA[income tax]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[tax form]]></category>
		<category><![CDATA[tax preparation]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=472</guid>
		<description><![CDATA[Q. How do I know which 1040 I&#8217;m allowed to use?  Does it really make a difference?
A. Yes!  Each form has specific requirements that a taxpayer must meet in order to use it.  IRS Tax Tip 2010-05 contains instructions on which form you should select.  Your options are:
1040EZ Requirements
Your taxable income must [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/02/18/which-1040-do-i-use/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Frivolous Tax Arguments</title>
		<link>http://askcpasam.com/blog/2010/02/08/frivolous-tax-arguments/</link>
		<comments>http://askcpasam.com/blog/2010/02/08/frivolous-tax-arguments/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 13:48:52 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Taxation]]></category>
		<category><![CDATA[frivolous tax arguments]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[penalties]]></category>
		<category><![CDATA[tax protestors]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=465</guid>
		<description><![CDATA[The IRS recently released a new list of Frivolous Tax Arguments.  This list shows all the ways people try to avoid paying their tax bills.  The problem is that most have been disproved in court many times.  In 2006, the U.S. Congress increased the penalty for filing a tax return with one of these or [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/02/08/frivolous-tax-arguments/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Huge Tax Bill!!!</title>
		<link>http://askcpasam.com/blog/2010/02/05/a-huge-tax-bill/</link>
		<comments>http://askcpasam.com/blog/2010/02/05/a-huge-tax-bill/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 13:32:21 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Taxation]]></category>
		<category><![CDATA[income taxes]]></category>
		<category><![CDATA[itemizing]]></category>
		<category><![CDATA[making work pay]]></category>
		<category><![CDATA[refunds]]></category>
		<category><![CDATA[tax preparer]]></category>
		<category><![CDATA[turbo tax]]></category>
		<category><![CDATA[withholding]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=462</guid>
		<description><![CDATA[Q. I utilize the withholding calculator on the IRS website to ensure my W-4 amounts are correct. This has gotten me very close to the amounts figured on my 1040 for the past 5-6 years since I’d begun utilizing the calculator.  I do a final check with the calculator after the last pay date in [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/02/05/a-huge-tax-bill/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What Are These Taxes?</title>
		<link>http://askcpasam.com/blog/2010/01/29/what-are-these-taxes/</link>
		<comments>http://askcpasam.com/blog/2010/01/29/what-are-these-taxes/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 13:36:28 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Employee]]></category>
		<category><![CDATA[Payroll]]></category>
		<category><![CDATA[Taxation]]></category>
		<category><![CDATA[medicare]]></category>
		<category><![CDATA[new york city]]></category>
		<category><![CDATA[paycheck]]></category>
		<category><![CDATA[paycheck calculator]]></category>
		<category><![CDATA[paystub]]></category>
		<category><![CDATA[social security]]></category>
		<category><![CDATA[W-4]]></category>
		<category><![CDATA[withholding]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=458</guid>
		<description><![CDATA[Q. I just started as a temp through an agency.  I work full-time and just received my first paycheck.  I want to ask about the OASDI and the NY 2010-NYCNY withholdings.  I was taxed heavily for the OASDI.  What is the NYCNY withholding? Most importantly, I wanted to ask you is there any way to [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/01/29/what-are-these-taxes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Budget? Oh No!!!</title>
		<link>http://askcpasam.com/blog/2010/01/21/a-budget-oh-no/</link>
		<comments>http://askcpasam.com/blog/2010/01/21/a-budget-oh-no/#comments</comments>
		<pubDate>Thu, 21 Jan 2010 14:43:43 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Financial Planning]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[cash]]></category>
		<category><![CDATA[cash flow]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[startups]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=455</guid>
		<description><![CDATA[There&#8217;s an interesting article today in the American Express Open Small Business section entitled &#8220;Creating Your First Small Business Budget.&#8221;
The basic tenet is that most small business owners are not financial gurus.  They are experts in whatever industry the business operates.  However, without being able to plan for income and expenditures for the year, there [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/01/21/a-budget-oh-no/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Homebuyer Credit Form</title>
		<link>http://askcpasam.com/blog/2010/01/18/new-homebuyer-credit-form/</link>
		<comments>http://askcpasam.com/blog/2010/01/18/new-homebuyer-credit-form/#comments</comments>
		<pubDate>Mon, 18 Jan 2010 15:08:17 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Taxation]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[e-file]]></category>
		<category><![CDATA[homebuyers credit]]></category>
		<category><![CDATA[income taxes]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[tax form]]></category>
		<category><![CDATA[tax payer]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=452</guid>
		<description><![CDATA[The IRS issued the new form 5405 for those wishing to claim the Homebuyers Tax Credit on their 2009 tax returns.  The new form is for those who have not yet claimed the credit using an amended tax return 1040-X.  Now required, an executed copy of form HUD-1.  This documentation is required simply to reduce [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/01/18/new-homebuyer-credit-form/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Filing Status? What is that?</title>
		<link>http://askcpasam.com/blog/2010/01/15/filing-status-what-is-that/</link>
		<comments>http://askcpasam.com/blog/2010/01/15/filing-status-what-is-that/#comments</comments>
		<pubDate>Fri, 15 Jan 2010 15:39:07 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Employee]]></category>
		<category><![CDATA[Employer]]></category>
		<category><![CDATA[Payroll]]></category>
		<category><![CDATA[Taxation]]></category>
		<category><![CDATA[filing status]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[marital status]]></category>
		<category><![CDATA[tax return]]></category>
		<category><![CDATA[W-4]]></category>
		<category><![CDATA[withholding]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=450</guid>
		<description><![CDATA[Q. My payroll person told me that the filing status on the W-4 doesn&#8217;t necessarily mean the same thing as my marital status.  Is that true?  What is filing status?
A. Filing status on the W-4 and filing status on your tax return are not necessarily the same thing.  The W-4 drives withholding only.  The withholding [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/01/15/filing-status-what-is-that/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Publication 15 is Out!!</title>
		<link>http://askcpasam.com/blog/2010/01/08/publication-15-is-out/</link>
		<comments>http://askcpasam.com/blog/2010/01/08/publication-15-is-out/#comments</comments>
		<pubDate>Fri, 08 Jan 2010 14:11:43 +0000</pubDate>
		<dc:creator>CPA Sam</dc:creator>
				<category><![CDATA[Employer]]></category>
		<category><![CDATA[Payroll]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[Publication 15]]></category>
		<category><![CDATA[wages]]></category>
		<category><![CDATA[withholding]]></category>

		<guid isPermaLink="false">http://askcpasam.com/blog/?p=448</guid>
		<description><![CDATA[Hooray!!  The annual update to the document every employer is anticipating finally occurred. Okay, maybe not all employers were as excited to see this as I was.  Publication 15 should be every employer&#8217;s best friend.  This document contains instructions on everything from obtaining an Employer Identification Number (EIN) to withholding, to employer taxes.
How does a [...]]]></description>
		<wfw:commentRss>http://askcpasam.com/blog/2010/01/08/publication-15-is-out/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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