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What Reports are Due Soon

New Hire Reports
Are due to the State within 10 working days.

Tax Rates- Payroll
     .062 on the first $72,600     1999
                                  $00,000      2000

      .0145 on
ALL  wages.

Should You File A Gift Tax Return
Yes, if gifting anything other than cash even on gifts under $10,000 per person.  Why?  Because this starts the three year period after which the IRS usually CANNOT question the valuation of the gift.  Otherwise the IRS can go back as far as they want to dispute the value and change to a value more than $10,000.

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