In 2016, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Are Unchanged
For tax year 2016, the Internal Revenue Service today announced annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2015-53 provides details about these [...]
IRS Warns Consumers of Possible Scams Relating to South Carolina Flood Victim Relief
The Internal Revenue Service today issued a consumer alert about possible fake charity scams emerging due to severe flooding this month in South Carolina and neighboring states. "When making donations to assist flood victims in [...]
Business E-File Up almost 9 Percent This Year; More Than Three-Quarters of Corporate and Partnership Tax Returns are Now Filed Electronically
The Internal Revenue Service announced today the number of tax returns e-filed by businesses rose nearly 9 percent this year, continuing the growth in the number of corporate and partnership returns filed electronically. This year, [...]
Health Coverage Providers: Understanding Minimum Essential Coverage
The Affordable Care Act requires any person or organization that provides minimum essential coverage, including employers that provide self-insured group health plans, to report this coverage to the IRS and furnish statements to the covered [...]
Job Search Expenses May be Deductible from the IRS
People often change their job in the summer. If you look for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some [...]