The IRS has issued a reminder that it is allowed to certify to the US State Dept if a taxpayer has seriously delinquent tax debt, which could impact obtaining or keeping a US passport.
The IRS recently changed its stance regarding payments made by a teaching and research hospital to its research fellows, stating that these payments are now considered “wages” and are subject to social security taxation.
Our February 2017 client bulletin takes a look at after-tax dollars in traditional IRAs, options for long-term care products, and a case for defined benefit plans for (very) small companies.
While the IRS hasn’t issued final regulations on how crowdfunding arrangements should be taxed, we review the guidelines that can be followed to make sure you stay on the right track.
The IRS has released the 2017 optional standard mileage rates that taxpayers can use to compute deductible costs of operating automobiles (including vans, pickups and panel trucks) for business, medical, moving and charitable purposes.
Many people know what a wash sale is, but even savvy traders are often unaware of this less commonly known rule when it comes to using your capital losses to offset gains.
Our January 2017 client bulletin takes a look at handling hard-to-value IRAs with caution, the “other” exchange-traded funds, and profit-sharing plans for your small business.
The U.S. Citizenship and Immigration Services (USCIS) has released a new version of Form I-9, which includes several helpful changes.
An 83(b) election can be an extremely useful tool to minimize the tax burden on an entrepreneur or team member at a startup who is compensated, at least in part, in stock or ownership interest in the company. We explore a few examples of how this election can make a big difference to a taxpayer’s bottom line.
Due to new IRS rules, taxpayers who have not received a form 1098-T showing tuition paid will not be eligible for a tax credit or deduction on their tax return.
