There has been an increase in IRS phone and email scams in recent months. Please be on the lookout and remember: An IRS agent will never call about money owed without first mailing you a […]
Summertime brings Scammers Read More »
When starting a business, understanding your tax obligation is one key to business success. With the internet and the wealth of information found on the web, it’s easy to be misinformed. Hopefully this post will clear
Three Tips for Starting a Business Read More »
Equity Based Compensation – Influencing the Choice of Entity One of the most important decisions you make when starting a business is entity selection. Many factors affect the choice of entity, from legal, to tax,
What every founder should know about Equity Compensation Read More »
The Social Security Administration’s Office of the Chief Actuary (OCA) has projected an increase in the current Social Security wage base from $118,500 (2015 & 2016) to $126,000 for 2017. This is bad news for
Proposed Increases to the Social Security wage base Read More »
With the end of 2016’s primary season in sight, we’ve looked to examine the tax plans of the last three candidates remaining. While many voters haven’t given these issues much thought, it’s important to consider
3 Things you need to know about each Presidential candidates tax plan Read More »
FinCEN Form 114, formerly referred to as “FBAR”, Report of Foreign Bank and Financial Accounts, is used to report a financial interest in or signature authority over a foreign financial account. The “FBAR” is due
Accelerated Due Date for FinCEN Form 114 Read More »
Form 1099-MISC along with many other informational returns are due to recipients at the end of this month. Last year, I gave a brief outline of who may be be required to file. Penalties for
Due Date for Forms 1099 Quickly Approaching Read More »
This past September, the IRS proposed a regulation that would require charitable organizations to collect personal information from its donors and file information returns with the IRS with this personal information for donations over $250.
Controversial Charitable Contribution Regulation Withdrawn Read More »
Falling behind on payroll taxes? Expect a call from the IRS soon. In a recent news release, the IRS announced its plans to launch a new initiative aimed at monitoring payroll deposit patterns. Employers that
IRS to Begin Contacting Employers with Late Payroll Tax Payments Read More »
Last week President Obama signed into law the Highway Bill, a five-year $305 billion law that will focus on improving highway and transit projects. Included in that law were two controversial provisions that didn’t receive
Highway Bill Gives IRS Power over Passports Read More »
With the 2015 tax filing season quickly approaching, I thought I would share this article the IRS published earlier this month about how to “Make a Wise Choice when Selecting a Tax Preparer”. I summarized
How to Choose a Tax Preparer Read More »
