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.
October 11, 2018
Previously, a business taxpayer could deduct 50% of the cost of qualified entertainment expenses, if those expenses were properly substantiated. This included entertainment that was “directly-related” to or “associated with” the business.
September 13, 2018
Hurricane Florence remains a powerful major hurricane, but has been downgraded to a Category 3, as its sustained winds have decreased to 115 mph. The forecast track of Florence has the storm making landfall near Wilmington, N.C. around midday Friday ...
September 7, 2018
An indictment was unsealed on Wednesday, Sept. 6, 2018, charging 20 individuals and entities for their alleged involvement in a transnational criminal organization that victimized over 2,000 people in the United States through a fraudulent India ...
August 8, 2018
IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
August 6, 2018
Accountant Cindy Laporta testified that Gates had sent her backdated documents to reduce Manafort’s tax liability in support of the existence of such loans. In one instance, Laporta says that Manafort leaned on her to help when his bookkeeper wouldn’t.
August 3, 2018
The Protecting Taxpayers Act (S.3278) would "amend the Internal Revenue Code of 1986 to provide additional protections to taxpayers," according to the official description. The bill was referred to the Senate Finance Committee. The bill is still a ...
July 3, 2018
The Internal Revenue Service has released a prototype of the new Form 1040 that hundreds of millions of Americans use to file their annual taxes. The new "postcard sized" form will be used for the 2018 income tax year, which most Americans will file ...