Benefits May 29, 2026
Don’t Forget About Tax on Social Security Benefits
Seniors can lower their PI via capital losses, annuities, growth stocks, life insurance, or IRA contributions.
December 2, 2015
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.
November 30, 2015
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 ...
November 30, 2015
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.
November 30, 2015
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.
November 29, 2015
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 ...
November 24, 2015
Year-End Payroll Reporting: State-by-State Due Dates for Form W-2
The skies are cloudy, the leaves are changing, the air is cool and brisk—and in this profession, that means time to think about year-end prep for payroll departments.
November 23, 2015
IRS Updates FATCA Registration Website
The Foreign Account Tax Compliance Act (FATCA) Online Registration System is a secure, web-based system that financial institutions and other entities can use to register for FATCA purposes. Launched in 2013, the system allows the IRS to identify ...
November 22, 2015
Jock Tax Overturned, Supreme Court Denies Appeal
The tax rationale may be applied to entertainers who perform at local venues and even to high-ranking executives in town to conduct business. Currently, seven cities impose a jock tax.
November 19, 2015
IRS Advisory Council Releases Annual Report and Recommendations
Based on its report findings and discussions over the last year, the IRSAC made several recommendations on a broad range of issues and concerns.
November 18, 2015
The Ultimate Year -End Guide to Payroll Compliance and Benefits
With this guide, we hope to help you navigate the ins and outs of getting your compliance and benefits ready for end of year.
November 17, 2015
Top 10 Myths for the 2015 W2 and 1099 Wage Reporting Season
As the year winds down, the holiday season brings with it tax reporting season – which can be a hectic time for businesses. Changing regulations, looming deadlines and the threat of penalties can quickly replace “jolly” with “humbug.”
November 16, 2015
IRS Not Doing Enough to Fight Business Tax ID Theft
TIGTA found that the IRS recognizes continued efforts are needed to develop and implement systemic processes to detect identity theft. To date, the IRS has taken actions that include defining business identity theft, creating procedures for IRS ...