Congress Considers Making New Tax Laws Permanent and Other Changes
If several members of Congress get their way, the sun won’t stop shining on a slew of tax breaks passed last year as part of the Tax Cuts and Jobs Act (TCJA).
If several members of Congress get their way, the sun won’t stop shining on a slew of tax breaks passed last year as part of the Tax Cuts and Jobs Act (TCJA).
With National Hurricane Preparedness on May 6-12, 2018, the IRS is offering a special toll-free hotline for those in federally-declared disaster areas, staffed with IRS specialists trained to handle disaster-related issues.
The new tax law has opened so many tax planning opportunities, that it isn’t funny. We have created a situation where we can not only pay for and deduct our own health insurance, we can have Health Reimbursement Accounts (HRA), which we can put as much...
I’ve been going through the complicated formula for calculating this deduction. First of all there is an adjusted gross income (AGI) limitation to the deduction. Not to mention the deduction is below the line. What could possibly be the reason to ...
The Internal Revenue Service’s Advisory Committee on Tax Exempt and Government Entities (ACT) will hold a public meeting on June 7, 2018, when the panel will submit its annual report and recommendations to the IRS.
The IRS, state tax agencies and the nation’s tax industry are warning small businesses to be on-guard against a growing wave of identity theft attempts against employers.
The U.S. Tax Cuts and Jobs Act of 2017 is now in effect, but its implementation and impact on businesses is just starting to unfold. A survey of CFOs by financial recruitment firm Robert Half Finance & Accounting shows only about one-third of ...
I have a client that owns three rental properties. She has a full-time job as a physician, and she did some side work before her second kid was born. When I did the tax return, she had $45,000 in passive losses from the rentals, and $35,000 in income ...