Tax Planning For The Unknown
The possibility that there will be major tax reform in the next several months makes tax planning for this year more important than ever. The possibility of lost deductions along with some lowering of tax rates for next year, means that you can save big on taxes in if you accelerate deductions in 2017 and […]
Play Slots, Pay Taxes: The IRS Wants a Piece of More Jackpots
By BEN STEVERMAN at AccountingToday Published: WASHINGTON, D.C. (June 9, 2015) (Bloomberg) Nothing kills the thrill of a big-money win at the casino quite like a tax form — and soon the grasp of the taxman could be felt before the jackpot celebration stops at a lucky slot machine. By law, gamblers must pay taxes on every dollar […]
IRS Detects Massive Data Breach in ‘Get Transcript’ Application
By MICHAEL COHN at AccountingToday Published: WASHINGTON, D.C. (MAY 26, 2015) The Internal Revenue Service warned of a huge data breach of its online Get Transcript application that allowed the tax returns of approximately 104,000 taxpayers to be accessed by identity thieves. The IRS said Tuesday that criminals used taxpayer-specific data acquired from non-IRS sources […]
IRS Can Help When Starting a Small Business
If you are opening a new business this summer, the IRS has some basic federal tax information to help you get started. Here are some things to consider when starting a business: – Type of Business – One of the first decisions you need to make is what type of business you are going to […]
How To Hire A Tax Pro In Four Easy Steps
By Ellen Rose and Felecia Sternbach, Sternbach & Rose, CPAs Need professional help with your return? Here’s how to find the right person for the job. As it gets closer to the end of the year, you get closer to having to perform the dreaded chore of doing your taxes. Maybe your return has gotten […]
