Keep up with the latest news in the world of accounting and finance.
The IRS clarifies how recent changes affect an insured person’s basis in a life insurance contracts. Generally, the adjusted basis […]
The number of people engaged in the “gig” or sharing economy has grown in recent years. And there are tax […]
A slightly lower IRS mileage rate means smaller tax deductions for business miles in 2020. The optional standard mileage rate […]
Generally, amounts withdrawn from an individual retirement account before age 59-1/2 are subject to an additional 10% tax, unless an […]
If you save for retirement with an IRA or other plan, be aware there’s a new law that makes several […]
The end of the year is here, so it’s time to start planning for tax filing season. If you own […]
Here are a few key tax-related deadlines for businesses during Q1 of 2020. JAN. 31: File 2019 Forms W-2 with […]
The tax basis reporting of capital accounts has been delayed to 2020. In Notice 2019-66, the IRS has announced that […]
Employers and other businesses can get a jump on upcoming tasks, says the IRS. Jan. 31 is the filing deadline […]
If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s […]
The IRS is encouraging taxpayers to use its “Interactive Tax Assistant” tool, which provides basic information on a wide range […]
The IRS has been making strides fighting identity theft, and it’s urging the public to do the same. Protecting personal […]