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How to manage overqualified workers
With high unemployment rates, many people are working in jobs they are overqualified for. Highly qualified employees can bring a lot to an organization -- if they are managed well. Here are some tips.
Could HIRE Act help your nonprofit?
If you’re thinking of taking on new employees this year, the HIRE act could bring big savings to your nonprofit organization. For any new hire who has been unemployed for the past 60 days, a tax credit is available to employers for their 6.2 percent portion of the new employee’s Social Security tax.
Estate tax roars back in 2011
Just over the horizon is the return of the federal estate tax. With the estate tax repeal at the beginning of this year, even the largest estates can currently pass to heirs free of estate tax. But a beefed up estate tax is scheduled to return in 2011.
'LLC member' doesn't mean limited partner
The IRS has continued to litigate – and lose – cases in which it argues that members of a limited liability company should be treated in the same manner as a limited partner when applying the passive activity loss rules.
The technical information here is necessarily brief. No final conclusion on these topics should be drawn without further review and consultation. Please be advised that, based on current IRS rules and standards, the advice contained herein is not intended to be used, nor can it be used, for the avoidance of any tax penalty assessed by the IRS.
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