The end of year brings about changes, extenders and provisions in the world of individual and business taxation. One of the IRS changes announced for 2016 is the 3.5 cent reduction in standard mileage rates for business use of a vehicle.
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The end of year brings about changes, extenders and provisions in the world of individual and business taxation. One of the IRS changes announced for 2016 is the 3.5 cent reduction in standard mileage rates for business use of a vehicle.
read more…Posted by: Michael Hermes, Tax Senior
read more…Posted by: Howard Kass, CPA, CGMA, AEP®
read more…Posted by: Howard Kass, CPA, AEP®
read more…Posted by: Michael Hermes, Tax Senior
read more…Earlier this year, the Supreme Court’s ruling in the case of The United States v. Windsor essentially rendered the federal Defense of Marriage Act unconstitutional.
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By Howard Kass, CPA, CGMA, AEP®
Partner
For those of us who don’t want another username and password to remember, the IRS has provided a solution.
read more…Posted by: Gary M. Sigman, CPA, MTax, PFS, AEP®
read more…The Internal Revenue Service just issued a Revenue Procedure revising the scope of the IRS letter-forwarding program: the IRS will no longer forward letters on behalf of plan sponsors or administrators of qualified retirement plans (including qualified termination administrators of abandoned plans), who are attempting to locate missing plan participants and beneficiaries.
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Posted by: Barbara Theofilos, CPA Many taxpayers use a business vehicle for personal uses. This is an acceptable practice, although it is important to understand the basic rules that apply to the deductibility of expenses related to the vehicle. Taxpayers who use a...
2020 is almost here, and some important tax-related deadlines will be here with it. Be sure to plan well in advance of these dates to ensure you have sufficient time to plan and prepare to file your 2019 taxes. Here is a quick list of important tax dates for you...
One nearly universal element of the American Dream is the desire for your children to have more and do better than you. Many parents consider the legacy they will leave for their children as a part of their financial goal. One move you may be considering is giving...
On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that, according to the Wall Street Jurnal, exposed vital personal identification data — including names, addresses, birth dates, and Social...
Q: What Does ‘Like-Kind’ Mean in a 1031 Exchange? A: As you are probably aware, a 1031 Exchange refers to a provision in the U.S. tax code, which allows real estate investors to sell or dispose of a piece of real property and purchase another piece of “like-kind”...
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