Clock ticks down to year-end passage of tax extenders for individuals and businesses
As 2015 winds down, another temporary extension of the tax
extenders appears almost certain. Despite talk in early 2015 about
finding a permanent solution to the on-again, off-again extenders,
Small businesses score victory with PACE Act, wait for fix on health reimbursement arrangements
Small businesses received some welcomed news in October with
passage of the Protecting Affordable Coverage for Employees (PACE)
Act. The new law revises the definition of small employer for
IRS promises more identity theft protections in 2016 filing season
After acknowledging earlier this year that hackers breached one of
its popular online apps, the IRS has promised more identity theft
protections in the 2016 filing season. The IRS, along with
How Do I...Shift Taxable Income into 2016?
As the calendar approaches the end of 2015, it is helpful to think
about ways to shift income and deductions into the following year.
For example, spikes in income from selling investments or other
FAQ: When is Equipment "Placed in Service"?
For a business to start writing off the cost of depreciable
equipment and property, it is necessary that the equipment be
placed in service. To write off costs in 2015, the equipment must
be placed in...
November 2015 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for