Growing your business to the point that you need to start hiring employees is exciting. It’s also rife with administrative burdens that you don’t want to […]
Article Highlights: Tax Reform Underpayment Penalties W-4 Modifications for 2020 Withholding Estimator Penalty Abatement Was your 2018 federal tax refund less than normal, or – worse […]
Article Highlights: IRS Focus About Cryptocurrency Tax Treatment IRS Compliance Program Letters Being Sent If you own cryptocurrency, you need to know that the IRS has […]
Article Highlights: IRS Enforcement Campaign Virtual Currency Valuation Transactions Character of the Gain or Loss Foreign Currency Transactions Foreign Bank and Financial Account (FBAR) Reporting Payment […]
Article Highlights: Collecting Tips Tip Splitting Service Charges Record Keeping Employer Reporting Allocated Tips Anyone who collects tips must include those tips in their taxable income. […]
Article Highlights: Tax Loss for a Security Sold or That Is Worthless Proving Worthlessness Selling a Worthless Stock by Year-end Brokers May Accommodate Clients Capital Loss […]
Article Highlights: • Solar Credit • Plug-In Electric Vehicle Credit • Penalty for Not Having Health Insurance • Medical Deduction Restrictions • New Alimony Rules […]
Article Highlights: Adjusted Basis Passive Loss Carryovers Installment Sale Tax-Deferred Exchange Tax on Net Investment Income Qualified Opportunity Fund Home Sale Exclusion If you are contemplating […]