Taxes

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 IRS Launches Online Data Exchange Program for FATCA

January 15, 2015 

IRS Launches Online Data Exchange Program for FATCA

The Internal Revenue Service has opened the International Data Exchange Service (IDES) for enrollment. Financial institutions and host country tax authorities will use IDES to securely send their information reports on financial accounts held by U.S. pers

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January 14, 2015 

Dislike the IRS? Things Are Going to Get Much Worse

Already the most-disliked federal agency, the Internal Revenue Service is about to see its reputation take another dive as customer service sinks to worst level since 2001, according to National Taxpayer Advocate Nina E. Olson.

red-tape-diagram

January 12, 2015 

10 Issues Small Businesses Need to Watch in 2015

With the New Year in full swing, small business owners are focused on implementing their strategic plans for 2015. An important component of those plans should include monitoring potential regulatory changes and understanding how they may impact the small

 NFIB Supports Reforming Regulations that Affect Small Businesses

January 12, 2015 

NFIB Supports Reforming Regulations that Affect Small Businesses

The National Federation of Independent Business (NFIB) says it supports Rep. Bob Goodlatte and his introduction of a bill that would reduce some regulatory hurdles for small businesses. The legislation is H.R. 185, the Regulatory Accountability Act.

 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...…

vanpooling

January 8, 2015 

Taxpayers Barely Avoid a Tax Hike On Commuter Benefits

The new tax extenders law enacted in 2014 – the Tax Increase Prevention Act (TIPA) – preserved a key tax break for commuters. Under TIPA, a higher tax-free monthly allowance for mass transit passes and vanpooling was approved for 2014, retroactive to ...