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Posts from March, 2016

  • Grab These Tax Breaks Before They Disappear Income tax reform and President Trump are not exactly my two favorite topics. However, understanding the impact on various income tax deductions and tax credits brought about by President Trump’s attempt to “make things better” vis-à-vis tax reform should not be ignored. One ... Continue Reading
  • IRS Alerts Payroll and HR Professionals to Phishing Scheme Involving W-2's The IRS issued a worrisome warning on Tuesday, March 1, 2016 : payroll and human resources departments should beware of an email phishing scheme in which cybercriminals pose as company executives (including CEOs) and ask for confidential employee information, such as Forms ... Continue Reading
  • Offers in Compromise Are you seeking financial relief from a tax liability for an amount less than the full amount owed? The Internal Revenue Service has published the following Tax Topic 204 as a guide for taxpayers seeking relief from a tax liability for an amount less than the full amount ... Continue Reading
  • Answers to Frequently Asked Questions for Individuals of the Same Sex Who Are Married Under State Law The following questions and answers provide information to individuals of the same sex who are lawfully married (same-sex spouses). These questions and answers reflect the policy outlined in Revenue Ruling 2013-17 in 2013-38 IRB 201 . Q1. When are individuals of the same sex ... Continue Reading
  • How to Choose a Tax Return Preparer Do you feel overwhelmed around tax time when trying to select a qualified and suitable tax return preparer? The Internal Revenue Service has published the following Tax Topic 254 as a guide for taxpayers when selecting a tax return preparer. If you choose to have someone ... Continue Reading