News



Five tax items to include in summer wedding checklist

  Summertime is a busy time for weddings, which can raise concerns about finances. A few helpful tax tips can make things much easier come tax return filing time:

  1. Change of name – If you’re changing your name legally, you must also do so at the Social Security Administration (SSA). Your name and Social Security number on your tax...

Keeping good records pays off in auto expense deduction

  A recent Tax Court case shows that keeping good auto mileage records – as well as a little persistence – pays off when it comes to dealing with the IRS. In 2010, Ricky Ray Ressen was employed as a construction manager at Innovative Construction Solutions, Inc. (ICS). For most of 2010, he lived away from home to carry out his job...

Penalty relief for late retirement plan returns expires June 2

The one-year IRS pilot program to provide relief to plan administrators who didn’t file required retirement plan returns on Form 5500-EZ expires June 2, 2015. So, anyone wanting to take advantage of the penalty relief program should act fast. This penalty relief is available to: ➜ Certain small business (owner-spouse) plans and plans of...

IRS webinars help small businesses learn tax requirements

  The Internal Revenue Service provides many different educational products, webinars and videos to help small businesses thrive. Take child care services as an example. The IRS webinar “Tax-Related Guidance for Child Care Providers” provides information that would be beneficial for a provider just starting out in the business as well as...

Driving expenses or commuting? The Tax Court rules

  It might seem like driving expenses to some, but to the IRS, it’s commuting. Lonnie Bartley, a construction supervisor for Far West Contractors Corp. in California, was denied a deduction for nearly $25,000 in business expenses because the Tax Court said they were actually nondeductible commuting expenses. Bartley’s job required him...

Page 4 of 31« First...23456102030...Last »