January 28, 2020
With just a few days remaining until the deadline, the Internal Revenue Service reminds employers and other businesses that Jan. 31 is the filing deadline for submitting wage statements and forms for independent contractors with the government.
January 15, 2020
Taxpayers within the scope of this revenue procedure will not recognize gross income as a result of the discharge, and the taxpayer should not report the amount of the discharged loan in gross income on his or her federal income tax return.
January 6, 2020
The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, Jan. 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.
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December 30, 2019
Taxpayers can receive their income tax refund by direct deposit, with no refund loan charges, as early as January 31. This chart shows how fast you can get your refund, based on when you file your tax return with the IRS.
December 18, 2019
The new legislation is expected to be signed by President Trump soon after it hits his desk. Keeping that in mind, here are some of the key extensions granted by Congress right before Christmas.
December 6, 2019
Additionally, the TCJA changed how taxable income is calculated for purposes of the Foreign Tax Credit limitation by disregarding certain expenses and repealing the use of the fair market value method for allocating interest expense.
December 6, 2019
Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.
October 31, 2019
The 2020 presidential election is only a year away. As the ranks of the Democratic challengers for the nomination slowly start to dwindle, let’s run down the key tax proposals being touted by some of the front runners, specifically Massachusetts ...
February 26, 2019
3477 The world of tax research applications has evolved significantly from the paper books we used in college in the late 20th century. Paper research materials formerly updated by replacing thousands of pages of thin paper in a precise manner were replaced by large towers of compact disks, and the CDs have now given way...…
February 19, 2019
Getting your taxes organized and filed is more than enough to handle without worrying if your personal information is vulnerable to scammers looking to cash in at your expense. Criminals may file fraudulent tax returns under your name to steal your ...
November 26, 2018
Friday, Feb. 1, 2019 (maybe) -- But more likely, Friday, Feb. 8 or 15... Probably in February, because of the changes to the tax laws this year, and because those with certain tax credits have to wait longer to protect against fraud.