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		<title>Record Keeping</title>
		<link>http://padgettorlando.wordpress.com/2011/05/04/record-keeping/</link>
		<comments>http://padgettorlando.wordpress.com/2011/05/04/record-keeping/#comments</comments>
		<pubDate>Thu, 05 May 2011 03:15:47 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[Federal Taxes]]></category>
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		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=422</guid>
		<description><![CDATA[After you file your taxes, you will have many records that may help document items on your tax return. You will need these documents should the IRS select your return for examination. Generally, this means you must keep records that support items shown on your return until the period of limitations for that return runs [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=422&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<title>Should I Panic if I Receive an IRS Notice?</title>
		<link>http://padgettorlando.wordpress.com/2011/05/04/should-i-panic-if-i-receive-an-irs-notice/</link>
		<comments>http://padgettorlando.wordpress.com/2011/05/04/should-i-panic-if-i-receive-an-irs-notice/#comments</comments>
		<pubDate>Thu, 05 May 2011 03:12:56 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[Federal Taxes]]></category>
		<category><![CDATA[Tax Tips]]></category>
		<category><![CDATA[The Small Biz Builder Newsletter]]></category>
		<category><![CDATA[1040]]></category>
		<category><![CDATA[1065]]></category>
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		<category><![CDATA[Payroll Taxes]]></category>
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		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=419</guid>
		<description><![CDATA[Should I Panic if I Receive an IRS Notice? NO!!! Each year, the IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many can be dealt with simply and painlessly. Here are some tips: 1. Notices may request payment of taxes, notify you of changes to your account, or request [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=419&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<title>What are your chances for being audited?</title>
		<link>http://padgettorlando.wordpress.com/2011/04/07/what-are-your-chances-for-being-audited/</link>
		<comments>http://padgettorlando.wordpress.com/2011/04/07/what-are-your-chances-for-being-audited/#comments</comments>
		<pubDate>Thu, 07 Apr 2011 17:45:46 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[1]]></category>
		<category><![CDATA[Federal Taxes]]></category>
		<category><![CDATA[Tax Tips]]></category>
		<category><![CDATA[The Small Biz Builder Newsletter]]></category>
		<category><![CDATA[1040]]></category>
		<category><![CDATA[1120]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Accounting Orlando]]></category>
		<category><![CDATA[Business Expenses]]></category>
		<category><![CDATA[C Corp]]></category>
		<category><![CDATA[Florida Limited Liability Company]]></category>
		<category><![CDATA[Form 2553]]></category>
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		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=413</guid>
		<description><![CDATA[IRS 2010 Data book was issued and provides statistical data on its fiscal 2010 activities.  The data book provides some clues for your chances of an audit.   There were 142,823,105 individual tax returns were filed (October 2, 2009 to September 2010) and 1.1% or 1,581,394 were audited in 2010.  Of the total audited returns 473,999 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=413&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<title>The Economy and Employee Theft</title>
		<link>http://padgettorlando.wordpress.com/2011/04/06/the-economy-and-employee-theft/</link>
		<comments>http://padgettorlando.wordpress.com/2011/04/06/the-economy-and-employee-theft/#comments</comments>
		<pubDate>Thu, 07 Apr 2011 02:43:15 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[The Small Biz Builder Newsletter]]></category>
		<category><![CDATA[Accounting Orlando]]></category>
		<category><![CDATA[Business Expenses]]></category>
		<category><![CDATA[C Corp]]></category>
		<category><![CDATA[corporations]]></category>
		<category><![CDATA[Federal Taxes]]></category>
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		<category><![CDATA[starting a new business]]></category>

		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=409</guid>
		<description><![CDATA[When the economy takes a dip, business owners often see a spike in employee theft. Small business owners tend to be particularly susceptible. Many accounting software applications have a tool that, with minimal effort, can help you spot problems. Take a close look at your vendor list and the dollar amounts spent with them over [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=409&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>2011 Offshore Voluntary Disclosure Initiative</title>
		<link>http://padgettorlando.wordpress.com/2011/04/06/2011-offshore-voluntary-disclosure-initiative/</link>
		<comments>http://padgettorlando.wordpress.com/2011/04/06/2011-offshore-voluntary-disclosure-initiative/#comments</comments>
		<pubDate>Thu, 07 Apr 2011 02:37:40 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[Federal Taxes]]></category>
		<category><![CDATA[Tax Tips]]></category>
		<category><![CDATA[The Small Biz Builder Newsletter]]></category>
		<category><![CDATA[1040]]></category>
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		<category><![CDATA[paying taxes]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=405</guid>
		<description><![CDATA[The IRS is offering people with undisclosed income from offshore accounts an opportunity to participate in a new, voluntary disclosure initiative in order to get current on their tax returns. The 2011 Offshore Voluntary Disclosure Initiative (OVDI) will be available only through Aug. 31, 2011. This is the second special disclosure initiative for taxpayers with [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=405&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Write-off for Heavy SUVs Used Entirely for Business</title>
		<link>http://padgettorlando.wordpress.com/2011/03/03/write-off-for-heavy-suvs-used-entirely-for-business/</link>
		<comments>http://padgettorlando.wordpress.com/2011/03/03/write-off-for-heavy-suvs-used-entirely-for-business/#comments</comments>
		<pubDate>Thu, 03 Mar 2011 05:58:14 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[Federal Taxes]]></category>
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		<category><![CDATA[The Small Biz Builder Newsletter]]></category>
		<category><![CDATA[Accounting]]></category>
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		<category><![CDATA[Business Auto]]></category>
		<category><![CDATA[Business Automobile]]></category>
		<category><![CDATA[Business Expenses]]></category>
		<category><![CDATA[C Corp]]></category>
		<category><![CDATA[corporations]]></category>
		<category><![CDATA[Florida Corporate Taxes]]></category>
		<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[new business]]></category>
		<category><![CDATA[Orlando Accounting]]></category>
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		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=401</guid>
		<description><![CDATA[Under the 2010 Tax Relief Act, the bonus first -year depreciation percentage is 100% (instead of 50%) for bonus-depreciation eligible “qualified property” that is generally (1) placed in service after Sept. 8, 2010 and before Jan. 1, 2012, and (2) acquired by the taxpayer after Sept. 8, 2010 and before Jan. 1, 2012. Qualified property [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=401&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<title>Taxable or Non-Taxable Income?</title>
		<link>http://padgettorlando.wordpress.com/2011/03/02/taxable-or-non-taxable-income/</link>
		<comments>http://padgettorlando.wordpress.com/2011/03/02/taxable-or-non-taxable-income/#comments</comments>
		<pubDate>Thu, 03 Mar 2011 02:32:40 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[Federal Taxes]]></category>
		<category><![CDATA[Starting a Business]]></category>
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		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=392</guid>
		<description><![CDATA[There are situations when certain types of income are only partially taxed or not taxed at all. Some examples of non-taxable Income are: 1. Adoption expense reimbursements for qualifying expenses, 2. Child support payments, 3. Gifts, bequests and inheritances, 4. Non cash employer gifts (holiday turkey), 5. Workers&#8217; compensation benefits, 6. Meals and lodging for [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=392&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<title>Tax Refund Options</title>
		<link>http://padgettorlando.wordpress.com/2011/02/02/tax-refund-options/</link>
		<comments>http://padgettorlando.wordpress.com/2011/02/02/tax-refund-options/#comments</comments>
		<pubDate>Thu, 03 Feb 2011 02:36:46 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[Federal Taxes]]></category>
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		<category><![CDATA[paying taxes]]></category>
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		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=386</guid>
		<description><![CDATA[In an effort to help individuals build their savings and retirement funds, a new direct deposit option in 2010 allows taxpayers to use their tax refunds to purchase U.S. Series I Savings Bonds. Additionally, a new debit card option has been added as well. Using Direct Deposit—You can deposit your entire refund into one account [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=386&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Should I File a Return?</title>
		<link>http://padgettorlando.wordpress.com/2011/02/02/should-i-file-a-return/</link>
		<comments>http://padgettorlando.wordpress.com/2011/02/02/should-i-file-a-return/#comments</comments>
		<pubDate>Thu, 03 Feb 2011 02:33:06 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[Federal Taxes]]></category>
		<category><![CDATA[Starting a Business]]></category>
		<category><![CDATA[Tax Tips]]></category>
		<category><![CDATA[The Small Biz Builder Newsletter]]></category>
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		<guid isPermaLink="false">http://padgettorlando.wordpress.com/?p=382</guid>
		<description><![CDATA[You do not have to file a tax return in all cases, but there are some instances in which you still should file, even if it is not expressly required. You should file if any of the following apply: 1. Did you have Federal Income Tax withheld from your pay? – You should file to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=382&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<title>Delayed Filing for Some Taxpayers</title>
		<link>http://padgettorlando.wordpress.com/2011/02/02/delayed-filing-for-some-taxpayers/</link>
		<comments>http://padgettorlando.wordpress.com/2011/02/02/delayed-filing-for-some-taxpayers/#comments</comments>
		<pubDate>Thu, 03 Feb 2011 02:29:53 +0000</pubDate>
		<dc:creator>Kevin Donahue</dc:creator>
				<category><![CDATA[Federal Taxes]]></category>
		<category><![CDATA[Starting a Business]]></category>
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		<category><![CDATA[corporations]]></category>
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		<category><![CDATA[Florida Corporate Taxes]]></category>
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		<description><![CDATA[Due to Congressional action at year-end, taxpayers will need to wait to file until middle to late February if any of the following three categories apply: Taxpayers claiming itemized deductions on Schedule A. Itemized deductions include mortgage interest, charitable deductions, medical and dental expenses, as well as, state and local taxes and the state and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=padgettorlando.wordpress.com&amp;blog=11322183&amp;post=378&amp;subd=padgettorlando&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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