Tax credits 1  54ac3d99adba6

January 1, 2018 

2018 Tax Reform Law Doubles Child Tax Credit

The TCJA doubles increases the child tax credit (CTC) from $1,000 to $2,000 and raises the refundable portion of the CTC to $1,400. In addition, it authorizes a $500 nonrefundable credit for non-child dependents for taxpayers who don’t claim a CTC.

tigta1

December 31, 2017 

New Top Inspector at IRS Watchdog Agency

TIGTA's Office of Investigations investigates allegations related to fraud, waste, abuse, and mismanagement concerning activities of the Internal Revenue Service (IRS) and related entities, and also protects the IRS against external attempts to corrupt...

 Exempt Employee Salary Threshold Rises Across the U.S.

December 26, 2017 

Exempt Employee Salary Threshold Rises Across the U.S.

Last year employers anxiously watched as the Department of Labor (DOL) announced a rule requiring the salary threshold for exempt employees to double. The new overtime rule required that employees see a new salary of $47,476 in order to qualify as an ...

 Existing Home Sales Surge in November

December 26, 2017 

Existing Home Sales Surge in November

Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years, according to the National Association of Realtors. All major regions except for the West saw a significant hike in sales activity las

Confirmation 2016 logo 5751b1789d5c0

December 26, 2017 

Confirmation.com Expands in South America

The Confirmation.com application provides a platform for auditors and accounting firms to control the audit process from start to finish by securely performing audit confirmations to third-party responders such as companies, financial institutions ...