Tax

Tax professionals across the nation are urged to remember these basic steps to help in the battle against identity theft.

Individuals covered by an HDHP generally may establish and deduct contributions to a Health Savings Account (HSA) as long as they have no disqualifying health coverage.

The Tax Cuts and Jobs Act requires certain taxpayers that have untaxed foreign earnings and profits to pay a tax as if those earnings and profits have been repatriated to the‎ United States.

Starting in 2018, the Tax Cuts and Jobs Act (TCJA) put taxpayers on a strict tax diet for state and local taxes (SALT). Essentially, it limits the total deduction to $10,000 a year under a provision scheduled to last through 2025.

Buying a home? Working a summer job? Volunteering? Activities that are common in the summer often qualify for tax credits or deductions. And, while summertime and part-time workers may not earn enough to owe federal income tax, they should remember to ...

Maine will require marketplace facilitators to collect and remit the tax due on all sales made through their platform as of October 1, 2019. Learn more.

Senate Bill 242 requires “foreign taxing jurisdictions” (aka, other states) to provide written notice to the New Hampshire Department of Justice at least 45 days prior to conducting examinations of sellers in New Hampshire, imposing sales and use tax ...

For the first time ever, the Taxpayer Advocate Service has mapped out the modern United States tax system, and it’s no surprise that it looks as complex as you think it might. Visit taxpayeradvocate.irs.gov/roadmap to learn more.