There are many reasons why we procrastinate on our taxes. For some, we know that it will be a lot of work. If you haven’t planned, there can be a lot of documentation to gather and some time spent putting together all of your forms.......
2018 is in full swing, and for some of you, the idea of taxes has not yet crossed your mind. It seems that people tend to remember that they need to do their taxes right around the time they are due. For some of you......
We understand that when you are dealing with taxes, there is a lot at stake. A person or a business is trusting us with sensitive information and looking to us to help them receive as much as possible in their returns. We need to do......
October 2017 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 federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of......
FAQ: Can I claim the adoption credit for a foreign adoption? Yes, however, there are special timing rules for foreign adoptions. These rules differ from the timing rules for domestic adoptions and impact when you may claim qualified adoption expenses....
How Do I? Get a payroll credit for increasing research expenses IRS Chief Counsel, in generic legal advice (AM-2017-003), recently described when a qualified employer may take into account the payroll tax credit for increasing research activities. The Protecting Americans from Tax Hikes Act of......
IRS exam staffing falls; audit coverage declines IRS Exam staffing in fiscal year (FY) 2016, the latest tax year with statistics available, reached a 20-year low. As a result, the Treasury Inspector General for Tax Administration (TIGTA) has reported that the IRS undertook fewer audits....
Disaster tax relief unveiled in Congress As millions of Americans recover from Hurricanes Harvey, Irma and Maria, Congress is debating disaster tax relief. The relief would enhance the casualty loss rules, relax some retirement savings rules, and make other temporary changes to the tax laws,......
The GOP framework proposes consolidating the current seven individual tax rates into three: 12, 25 and 35 percent. However, the framework leaves open the possibility of an additional top rate “to the highest-income taxpayers to ensure that the reformed tax code is at least as......