Taxpayers making charitable contributions face many requirements, including the contemporaneous written acknowledgement. The Internal Revenue Code imposes additional requirements for [...]
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The Internal Revenue Service, along with state tax authorities are cautioning businesses to beware of an email phishing scam using a corporate officer’s name asking for employee W-2 forms from [...]
The United States Tax Court has again sided with the Internal Revenue Service in disallowing a charitable contribution because there was no contemporaneous written acknowledgement from the [...]
Beginning on January 22, 2017, employers must use the new version of the Form I-9, marked 11/14/2016. Employers can face monetary penalties if they do not use the new Form I-9. The Form I-9 can [...]
President-elect Donald Trump has proposed cutting the top marginal income tax rate to 33% as well as eliminating the 3.8% net investment income tax. Mr. Trump has also proposed an overall cap on [...]
Yesterday, a federal judge blocked the Department of Labor’s regulation to increase the salary threshold for an employee to be exempt from overtime pay. This means that the new regulation [...]
If you are 70 1/2 or older and subject to required minimum distributions from your IRA, consider using Rollover Required Minimum Distributions up to $160,000 to make charitable gifts. You must [...]
On December 1, 2016, the required salary threshold for an employee to be exempt from overtime pay will increase from $23,660.00 per year ($455 per week) to $47,476.00 per year ($921 per week). [...]
Effective January 1, 2017, Congress implemented critical changes to Section 831(b) of the United States Tax Code when it passed the Protecting Americans From Tax Hikes Act of 2015 (“PATH”) as [...]
The IRS has recently committed substantial audit resources toward small and mid-market companies that are involved with or have formed captive insurance companies under Section 831(b) of the [...]
