November 2, 2017
The plan would also repeal the alternative minimum tax (AMT) and the estate tax, while preserving the current status quo tax deferred treatment of 401(k) and similar accounts.
November 2, 2017
The amount of the penalty is based on when you file the correct information return or furnish the correct payee statement. The penalty for not filing a correct information return is separate from the penalty for not providing the correct payee statement.
October 30, 2017
The indictment in the district court for Washington D.C. states that Manafort laundered more than $18 million to buy luxury gods and services without paying any tax on the income. This enabled the GIP strategist to support a “lavish lifestyle. “
September 27, 2017
The new tax plan doesn’t provide much detail on how the tax cuts will be paid for and who exactly will benefit. It also throws some important decisions back into Congress’ lap.
September 14, 2017
Bloomberg BNA opened a window onto next year’s tax planning landscape with the release of its 2018 Projected Tax Rates, a detailed and comprehensive projection of inflation-adjusted tax items based on changes in the consumer price index (CPI), which ...
August 30, 2017
First of all, to qualify as IRC §1202 Stock, the stock must be in a domestic C-Corporation. The stock cannot be held by an S-Corporation or a limited liability company (LLC). Another caveat is that the corporation may not have more than $50 million in ...
August 28, 2017
As Hurricane Harvey brings massive floods and destructive winds to Texas, victims are in need of relief and aid.
August 18, 2017
Each year during tax time the “most overlooked” tax deductions get a lot of press. And every year the lists include the same deductions, such as state sales tax, student loan interest, job hunting costs, and moving expenses.
August 8, 2017
On paper, it sounds good. As a concerned citizen, you see something that isn’t right and you do your American duty and blow the whistle. All government agencies have a Whistleblower Program, but none quite as dysfunctional as the IRS’.
April 14, 2017
A new survey by education financial management company IonTuition.com shows that more than 37 percent of respondents had fallen behind on their student loan payments and 17 percent had defaulted on their student loans.
March 22, 2017
Freelancers and contract workers have been around pretty much forever, but the collaborative workspace is suddenly finding itself front and center. Whether you call it the sharing economy, the peer economy, the gig economy, or just “This is how I ...
March 15, 2017
On Tuesday night, the 2005 personal 1040 income tax return for president Donald Trump was revealed on MSNBC. The network says the return was provided to an independent author and Pulitzer Prize winning journalist, David Johnston, by an anonymous source.