Tax Planning
Don't wait to do your tax planning until the end of the year. It can be done year-round. See your tax professional now. You'll have plenty of time to make any necessary adjustments or payments [...]
Tax Planning
Don't wait to do your tax planning until the end of the year. It can be done year-round. See your tax professional now. You'll have plenty of time to make any necessary adjustments or payments [...]
Business or Hobby? Answer Has Implications for Deductions
he Internal Revenue Service reminds taxpayers to follow appropriate guidelines when determining whether an activity is a business or a hobby, an activity not engaged in for profit.In order to educate taxpayers regarding their filing [...]
Keep the Child and Dependent Care Tax Credit in Mind for Summer Planning
During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are considering their summer agenda [...]
IRS Says Offshore Effort Tops $5 Billion, Announces New Details on the Voluntary Disclosure Program and Closing of Offshore Loophole
The Internal Revenue Service today announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure program announced in January, including tightening the eligibility requirements. [...]