Corrections & Clarifications


  In the January 2011 issue, the “Filing Season Quick Guide—Tax Year 2010” misstated the first-time homebuyer credit for some married taxpayers. It should have said the credit is $4,000 for married taxpayers filing separately.

 

  The February 2011 article “Tax Practice Corner: Multistate Tax Considerations for S Corporations” listed Louisiana among states that “tax S corporations in the same manner as C corporations.” However, Louisiana allows an S corporation to exclude from taxable income the percentage of its net income on which its shareholders have paid Louisiana taxes.

 

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.