Income Tax

January 17, 2018 

Here’s how the scam works: Cybercriminals do their homework, identifying chief operating officers, school executives or others in positions of authority. Using a technique known as business email compromise (BEC) or business email spoofing (BES), ...

January 15, 2018 

If SCOTUS decides in favor of South Dakota, that decision would pave the way for all states to tax remote sales. Exactly how they would do that is, at this point, unclear.

January 11, 2018 

The updated withholding information shows the new rates for employers to use during 2018. Employers should begin using the 2018 withholding tables as soon as possible, but not later than Feb. 15, 2018.

January 11, 2018 

The updated withholding information shows the new rates for employers to use during 2018. Employers should begin using the 2018 withholding tables as soon as possible, but not later than Feb. 15, 2018.

January 11, 2018 

For this, my final article on cannabis taxation, get ready to get your mind blown.

January 11, 2018 

Today the cannabis industry is a $6 billion industry. In ten years it is projected that cannabis will be a $1 trillion industry. In my home state of Florida, cannabis became legal last year, however the state, as it legislated the laws surrounding ...

January 9, 2018 

The IRS has announced that taxpayers with the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) will likely see delays in receiving their income tax refunds in 2018. This is due to extra fraud prevention measures the agency is implementing, which means that taxpayers with those credits will likely not see...…

January 9, 2018 

If you're like many Americans, you may be asking, "When will I get my income tax refund?" Well, we have the answer. It depends on a couple of things, but the good news is that there are several tools to help find out. FYI, the new tax reform law won't ...

January 9, 2018 

The new tax reform law covers many aspects, from business taxation to individuals and deductions, which can make it challenging for taxpayers and tax professionals to keep up with the changes.

January 9, 2018 

The estate tax exemption and the gift tax work together in a sense that you have a unified lifetime credit for gifts, which match the estate tax exemption. The unified credit increases each year, along with the estate tax exemption. Each year there is ...

January 9, 2018 

In 2014, the IRS classified cryptocurrency as property, and not currency. How property is taxed is that if you hold an asset for less than a year, and you sell it, you pay ordinary income tax at your ordinary tax rate. If you hold that asset for a year ..

January 9, 2018 

So let’s talk the standard deduction for a second. The standard deduction for individuals is $12,000, and for couples it is $24,000. Before someone is required to file a tax return, they have to meet the standard deduction. If you are self-employed, ...