Income Taxes

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 As 2015 Tax Season Starts, IRS Offers 5 Last Minute Tips

January 19, 2015 

As 2015 Tax Season Starts, IRS Offers 5 Last Minute Tips

The Internal Revenue Service announced the on-time opening of the nation’s 2015 filing season and highlighted a growing array of online services, including features that help taxpayers understand how the Affordable Care Act will affect them at tax time, a

US Senate 1  54b9719e3d9b1

January 16, 2015 

Is the Senate Really Serious About Income Tax Reform in 2015?

In a joint press release issued on January 15, the highest-ranking members of the Senate Finance Committee (SFC) – new chairman Orrin Hatch (R.-UT) and previous chairman Ron Wyden (D.-OR) - announced the launch of five separate “working groups” devoted...

 Tax Break for Small Business Stock Could Disappear in 2015

January 9, 2015 

Tax Break for Small Business Stock Could Disappear in 2015

If you were smart enough to buy qualified small business stock (QSBS) last year, you’re halfway home to a unique tax break. Now comes the hard part: You have to hold the stock for at least five years before you sell it. If you do, your entire gain is tax-free! The tax break for QSBS...…