In a widespread scam, identity thieves are filing fraudulent unemployment claims and collecting benefits using the personal information of victims. Read more about this in our latest blog post.
Author Archives: Marty Gennusa
The TCJA impacted depreciation in many ways, including 100% bonus, increased Section 179 Expense limits and broader usage, and redefined QIP.
The IRS released updated withholding tables for 2018, which incorporate tax reform changes. Employers should refigure employee withholdings based on these tables by 2/15/18.
With the pending tax bill heading to completion, taxpayers should consider year-end strategies to make sure they are optimizing their tax situations in 2017 and beyond.
Some moving expenses related to starting a new job or relocating an existing job are deductible. See if this information can help you!
NOLs have been in the news lately, so it seemed like a good time for an overview. What is an NOL? What is a carryover? How do they work?
The PATH Act added a new class of nonresidential real property, qualified improvement property, which is now eligible for bonus depreciation irrespective of its recovery period. That means that, unlike before, bonus depreciation can now be taken on certain real property improvements with recovery periods of 39 years.
…Depends on what? Among other things, on how long you’ve owned your home and whether it’s your principal residence. Generally, if you profit from the sale of property you have to pay capital gains tax on that profit. However, tax … Continued