6 summer tax tips
Summer officially arrives today. For most of us, that means a more relaxed schedule and time for some much needed fun. But …
Beware of scams in wake of Pulse mass shooting Also note tax rules that apply for donations to legitimate charities
Watch out for tragedy-related scams: …Some of the efforts will show up on the many fundraising websites that fill the …
IRS picks crowdsourced Tax Design Challenge winners
A few years back, the Internal Revenue Service revamped its website and did a pretty good job. IRS.gov won some awards and is …
Latest AICPA Economic Outlook Survey points to increase in U.S. Economy optimism
According to the results of the Q2 AICPA Economic Outlook Survey, executives across the country are feeling a bit more …
Work a Little, Play a Little: A New Retirement Strategy
More older people are fusing paid work, volunteer work and leisure rather than leave the work force for a traditional …
Tips for coping with the ‘urge to merge’
The two most frequent times for firms to address merging, acquiring, or selling are right after busy season and right after …
‘Single greatest’ tax benefit for clients
This strategy for the qualified conservation contribution gets higher deductions, says Samuel Donaldson, professor of law at …
Stock meltdown doesn’t scare your financial adviser: YOU do
What keeps financial advisers, tax experts, credit counselors and wealth managers up at night? Not a stock market crash, but …
13 tax notice tips for Friday the 13th or any day
Getting a letter from the Internal Revenue Service can be scary, whether it arrives on Friday the 13th or any other day. Most …
Your Money: Money-smart gifts for college grads
For college graduates entering a challenging job market, some of whom are carrying tremendous student loan debt, any gift to …
3 tax tips for moms on Mother’s Day 2016
Overall, there are 43.5 million women between the ages of 15 and 50 who have children. Almost 4 million of those moms had …
May: Time to focus on flowers, showers & tax moves
If weather history holds, folks in the Eastern half of the country better hunker down for a stormy next 30 days or so. And …
Tax gap hits $458 billion
Last week, millions of last-minute filers got their returns to the Internal Revenue Service. As of April 22, the federal tax …
Prince’s lack of a will highlights the need for estate and inheritance tax planning
The estate planning world is stunned by the news that Prince passed away without a will. While lots of folks delay officially …
Tax Day From The Trenches: How the IRS Handles Identity Theft
The IRS and the Justice Department are working hard to combat stolen identity return fraud. But one important security tool …
Tax identity thieves working up to filing deadline, too
Millions of folks are working diligently these last few days before the April 18 (19th in Maine and Massachusetts) tax filing …
Five tips for individuals navigating the Health Care law tax filing requirements
The IRS recently released a Health Care Tax Tip to assist individuals in navigating the filing requirements related to the …
ALERT: Tax Refund Scam Artists Posing as Taxpayer Advocacy Panel
The Taxpayer Advocacy Panel (TAP) has been alerted that taxpayers are receiving emails allegedly from TAP about their tax …
5 Tips for Choosing a Tax Return Preparer
Your annual physical. Spring cleaning. Flu shots. What do these activities have in common? Just like preparing and filing …
Learn about claiming the Earned Income Tax Credit, and help spread the word!
The Earned Income Tax Credit puts money in the hands of hard-working taxpayers and can be a significant financial boost to …
What is a 1099-K?
One new phenomenon that gained prominence during 2011 tax season is a new form called “1099-K”. Not to belabor the point, …
IRS Eliminates 1099K Reconciliation
The Internal Revenue Service has eliminated the requirement regarding how credit -and debit card payments are accounted for …
S Corporation shareholder’s compensation must be reasonable.
A recent court decision reported that an S corporation shareholder’s salary should be a reasonable compensation. …
New Tax Treatment of Cell Phones for Business
Lifts Record Keeping Burden for Small Business The IRS categorization of mobile phones as listed property required business …