Receipts for Gifts to Charity: Are They Required?

  • June 28, 2015

written by Aaron Henry The IRS requires taxpayers to substantiate their charitable donations. Regardless of the type of donation, the substantiation...

IRS Updates Retirement Plan Information

  • June 14, 2015

written by Brenda Logsdon The IRS issued guidance last October to enable participants in 401(k) plans to invest their accounts in...

New Rules for Noncash Donations

  • June 1, 2015

written by Brenda Logsdon The IRS’s rules for substantiating the value of noncash contributions are complex and the requirements increase with...

FAQ: Are IRS Audits One-Size-Fits-All?

  • April 12, 2015

written by Amy Shewmaker There are three main types of IRS audits: correspondence audits, office audits, and field audits. Correspondence audits...

Prevent Identity Theft when Filing Tax Returns with IRS

  • March 5, 2015

written by Michael Wirth With the start of a new year comes the time for all individuals to begin gathering information...

How do I Comply with the Affordable Care Act’s Individual Mandate?

  • February 8, 2015

Beginning January 1, 2014, the Affordable Care Act (ACA) required individuals to carry minimum essential health coverage or make a shared...

Tax changes for individuals taking effect in 2015

  • February 1, 2015

There are many important tax changes taking effect in 2015. They are the result of the Tax Increase Prevention Act of...

Roundup of retirement plan changes taking effect in 2015

  • January 26, 2015

There are many important tax changes taking effect in 2015. They are the result of the Tax Increase Prevention Act of...

Top 10 tax developments of 2014 with impact on 2015

  • January 21, 2015

2014 was a notable year for tax developments on a number of fronts. Selecting the “top ten” tax developments for 2014...