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.
August 13, 2015
Most CPAs Surveyed Had Tax Clients Affected by ID Theft
Resolving issue for clients with IRS often proved difficult, according to AICPA.
August 11, 2015
Florida Woman Accused of Stealing Coworker Identities to Go Shopping
Most victims had something in common: they were employees at Bethesda Hospital in Boynton Beach. Police said some of the victims said they knew Thaddies because she also worked at the hospital.
August 7, 2015
Tips to Get the Most Tax Benefit From Car Donations to Charity
In the past, donating cars to charity was a win-win situation for the donor and organization, even if you were giving away a lemon. All you had to do was arrange the pick-up or drop-off, refer to an auto-buying guide like the Kelley Blue Book (KBB) and th
August 7, 2015
Accounting and Tax Professionals Urge Congress to Pass Tax Practitioner Bill of Rights
The National Society of Accountants (NSA) has sent a letter to all Members of Congress urging them to enact legislation to support the “Tax Practitioners Bill of Rights,” which NSA issued on June 16, 2015.
August 2, 2015
Want Reform? The Tax Plans of the 2016 Presidential Candidates
The field for next year’s presidential derby is crowded and prospective candidates have started jockeying for position. One of the main issues that can set these politicians apart is tax reform. Some candidates have already unveiled detailed proposals ...
July 31, 2015
New Highway Law Changes Filing Deadlines and Requirements for Business Taxes
Currently, the tax return due date for calendar-year partnerships is April 15th, the same the due date for individual returns. The law changes the deadline to March 15th for calendar-year partnerships and the 15th day of the third month following the ...
July 27, 2015
Is Summer Camp Tax Deductible?
I know, I know…the subjects of fun summer camp and “funless” income tax preparation don’t exactly go together as well as toasted ‘mallow and graham. But for as painful as taxes might be, there is some value here for anyone that sent a child to camp last summer, or is planning to in the coming months....…
July 27, 2015
What’s Next For Proposed Changes to Overtime Pay and Exempt Employees?
Recently, the Department of Labor (DOL) has released proposed rules to update the exemptions from overtime.
July 27, 2015
Senate Committee Approves Tax Extenders Through 2016
Among the many provisions addressed in the bill, business taxpayers would benefit from an extension and expansion of the Research and Experimentation (R&E) Credit, the Work Opportunity Tax Credit (WOTC), and the §179D deduction.
July 24, 2015
Focus on Tax Breaks for Disabled as IRS Marks 25th Anniversary of ADA
The Internal Revenue Service is marking the 25th anniversary of the ADA by spotlighting a number of tax benefits and services that can help taxpayers with disabilities.
July 24, 2015
4 Facts About the IRS and E-Signatures – Infographic
Taxpayers and preparers are demanding online convenience more than ever. Due to this demand and in an effort to make electronic filling easier, new guidance from the IRS has been issued that will expand the use of electronic signatures on two ...
July 22, 2015
IRS Program Offers Penalty Relief for Businesses with Unfiled Retirement Plans
The program is designed to help small businesses that may have been unaware of the reporting requirements that apply to their retirement plans.