Tax Law

Tax reform allows people with disabilities to put more money into ABLE accounts

June 25, 2018

People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for…

When is a debt worthless – and tax deductible?

June 19, 2018

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Tax Law

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The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it. Just because a creditor thinks a debt has become worthless doesn’t…

The federal government doesn’t like to wait for its money!

June 14, 2018

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Tax Law

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Law360 (June 11, 2018, 9:33 PM EDT) — Michael DeBlis That’s why it requires employers to withhold estimated income taxes — and other employment taxes — from employee paychecks and hand…

Missed the tax deadline and owe tax?

June 8, 2018

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WASHINGTON —Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will usually face a higher late-filing penalty. For that reason, the…

IRS Offers Options to Help Taxpayers Who Can’t Pay

May 31, 2018

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Tax Law

Options for Taxpayers Who Can’t Pay Now The IRS offers payment alternatives if taxpayers can’t pay what they owe in full. A short-term payment plan may be an option. Taxpayers…

IRS to end offshore voluntary disclosure program; Taxpayers with undisclosed foreign assets urged to

May 20, 2018

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IR-2018-52, March 13, 2018 WASHINGTON – The Internal Revenue Service today announced it will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on…

What The 2018 Tax Brackets, Standard Deductions And More Look Like Under Tax Reform

May 20, 2018

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(Update: The Tax Jobs and Cuts Act of 2017 was signed into law by President Trump on December 22, 2017. Below are the rates and numbers as reflected in the final law…

Tax reform allows people with disabilities to put more money into ABLE accounts

When is a debt worthless – and tax deductible?

The federal government doesn’t like to wait for its money!

Missed the tax deadline and owe tax?

IRS Offers Options to Help Taxpayers Who Can’t Pay

IRS to end offshore voluntary disclosure program; Taxpayers with undisclosed foreign assets urged to

What The 2018 Tax Brackets, Standard Deductions And More Look Like Under Tax Reform

What’s new with the child tax credit after tax reform

IRS warns of “Tax Transcript” email scam

Plan now to use Health Flexible Spending Arrangements in 2019

Be sure to renew you ITIN!

Here’s how tax reform changed accounting methods for small businesses

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