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The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total...
Health care is a top concern for many Americans, especially people who are age 65 and older. While these individuals qualify for basic Medicare insurance, they may need to pay...
Did you withhold enough money from your regular paychecks in 2018? If you withheld too little — or, didn't pay enough estimated taxes if you're self-employed — you could have an...
Are you interested in setting up a private foundation? With this approach, you make contributions to a foundation and get a charitable tax deduction just as you would with any...
The IRS is explaining, in a recent release, what employers should do if they become the victim of a W-2 scam. Background Information Any employer could become the target of a W-2...
In recent weeks, the IRS has issued a series of proposed regulations to help clarify provisions of the Tax Cuts and Jobs Act (TCJA). One of the most controversial parts of the...
The recent Wayfair decision has drastically altered the landscape for states that want to collect sales and use taxes. Prior to this landmark U.S. Supreme Court case, economic...
If you own assets that have appreciated significantly over the years, you may be able to profit more by giving them away than by selling them. By setting up a charitable...
BY JAMES M. KEHL, PUBLISHED BY BLOOMBERG TAX After the proposed regulations concerning the qualified business income (QBI) deduction were published, a CPA, who is a tax...
Here are just five of the tax-smart decisions we can help you make during the year. If handled properly, they might significantly reduce your tax liability: 1. Should you buy or...