Taxes
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5 Tips to Avoid Online ID Theft
Nearly two-thirds of Americans have heard, read or seen something about online safety and security issues recently, according to StopThinkConnect.org. Yet consumers also say they don’t take steps to stay safe online because they lack information or ...
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5 Income Tax Deduction Tips for Donations to Charity
Donors must get a written acknowledgement from the charity for all gifts worth $250 or more. It must include, among other things, a description of the items contributed.
Report Says Enforcing Payment Card Reporting Could Narrow Tax Gap
The IRS received 2,933 Forms 1099-K with gross transactions totaling $543.9 million for which the payee TIN was that of a deceased individual. TIGTA identified that the TIN Matching Program, used by payers to verify a payee TIN, does not alert the ...
5 Tips to Avoid Identity Theft During the Holidays
Statistics show approximately 15 million Americans have their identities used fraudulently each year, with financial losses totaling upwards of $50 billion.
National Accounting Group Offers Year-End Tax Tips
As your time runs out, the National Society of Accountants (NSA) also offers this list of tax changes and strategies, courtesy of Wolters Kluwer.
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Stopping Taxpayer ID Theft: The IRS Means Business
The three main partners in the program – the IRS, the states and other tax industry sources –will also be releasing additional YouTube videos highlighting these tips as the tax filing season approaches. The first video in the series is now available ...
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Rubio Offers Unique Tax Reform Plan
Rubio’s proposed tax plan includes a dramatic change in the way capital gains are treated. With this little-noticed proposal, holders of capital assets – including securities, real estate and small business interests – would calculate their potential ...
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IRS Raises Safe Harbor Threshold for Tangible Property Expensing to $2,500
The Internal Revenue Service has reduced the paperwork and recordkeeping requirements for small businesses by raising from the safe harbor threshold for deducting certain capital items $500 to $2,500.