contributions to foreign charities

Are Contributions to Overseas and Foreign Charities Tax Deductible? 

  • July 3, 2016

written by Ian Hall Social media and the Internet have helped to make our world smaller. When natural disaster, tragedy, or...

IRS cybersecurity

IRS Intercepts Fraudulent Returns and Increases Customer Service Capacity

  • June 26, 2016

written by Ian Hall The 2016 filing season has closed with renewed emphasis on cybersecurity, tax-related identity theft and customer service....

taxpayer collection accounts to private collection agencies

IRS Revives Private Tax Collection Program

  • June 19, 2016

written by Jacque Mattson The IRS is gearing up to outsource some taxpayer collection accounts to private collection agencies. The Fixing...

How to Defer Taxes on Sale of Business Equipment

  • May 8, 2016

written by Eric Lampe Under Code Sec. 1031, a taxpayer can make a tax-free exchange of property held for productive use...

A Short Window for Congress to Agree on Tax Legislation

  • May 3, 2016

Tax reform continues to be highly touted in Congress as lawmakers from both parties call for simplification of countless complex rules,...

FAQ: What is the Roth IRA contribution limit for 2016?

  • April 28, 2016

Individuals may contribute up to $5,500 to a traditional and a Roth IRA for 2016. This is the same limit as...

How Do I Prove Business Expenses?

  • March 3, 2016

written by Connor O’Mealy Keeping good records will help a business when preparing their business tax return, and will help support...

IRS Budget Increase Aims to Improve Customer Service, Cybersecurity, and Curb Identity Theft

  • February 11, 2016

written by Olivia Tinkler After a challenging year of identity theft with the IRS, 2016 should be the start to many...

How Employers Compute Employee Payroll Taxes

  • January 17, 2016

written by Connor O’Mealy Any business that has employees is required to withhold income taxes on payments to each employee. Each...