Year-end tax legislation renews extenders, cuts IRS funding
Eleventh-hour votes in Congress in December renewed a package of
tax extenders for 2014, created new savings accounts for
individuals with disabilities, cut the IRS’ budget, and more. At
the sam...
Top 10 tax developments of 2014 with impact on 2015
2014 was a notable year for tax developments on a number of fronts.
Selecting the "top ten" tax developments for 2014 necessarily
requires judgment calls based upon uniqueness, taxpayers affected,
and...
How do I? Comply with the Affordable Care Act’s individual mandate?
Beginning January 1, 2014, the Affordable Care Act (ACA) required
individuals to carry minimum essential health coverage or make a
shared responsibility payment, unless exempt. Individuals will
report...
FAQ: What is the business standard mileage rate for 2015?
The IRS has announced an increase in the optional business
standard mileage reimbursement rate for 2015. The business standard
mileage rate increased by one and a half cents, to 57.5 cents (up
fr...
January 2015 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for
individuals...
Tax lessons from the 2009 filing season
You've just filed your 2008 tax return and the last thing you
likely want to think about is the next filing season. However, it
never hurts to have a leg up, and with the end of filing season and
the ...
IRS guidance fine tunes tax breaks in 2009 Recovery Act
The IRS is moving quickly to issue guidance on the many tax
incentives for individuals and businesses in the American Recovery
and Reinvestment Act of 2009 (2009 Recovery Act). Since Congress
passed t...
How do I? Calculate a residential energy property tax credit?
Even though gas prices have gone down from their record highs
six-months ago, many people are looking for ways to save on their
energy costs. The Tax Code provides a number of energy tax
incentives to...
Number 1 Unreported Issue in 2011 - Tax Identity Theft
Many victims of identity theft click on e-mails that purport to be
from the IRS and then provide personal information. The Service
never sends notices of refunds or audits by e-mail and never asks
for...
News Alert
Now that summer is here, what are your legal obligations to your
youth work force?...
Five Facts about the Home Office Deduction
With technology making it easier than ever for people to operate a
business out of their house, many taxpayers, entrepreneurs and
small business people may be able to take a home office deduction
when...
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