In a recent announcement, the IRS noted that it will only allow up to three electronic direct deposits to a single account for tax year 2015. Citing identity theft as the primary motivator, the […]
From the 'Taxation' Category:
It is crucial for employers to correctly categorize service providers as employees or independent contractors. It’s especially true for small businesses because they don’t often have the systems in place to correctly determine if […]
In these modern times a dual income family is the norm. When a dual income family also has children, it’s necessary to get some kind of care for those children so both parents can work full […]
The purpose of the foreign tax credits is to allow U.S. taxpayers to avoid double taxation on income that is taxed both by the United States and a foreign government. Note that any foreign […]
Do you dream of leaving your day job to pursue your passion? Do you want to turn your hobby into a career? Maybe you aren’t there yet, but you’re working on it. What are […]
Most everyone seeks to conserve energy and use it wisely. There are a number of provisions in the Internal Revenue Code that encourage individuals to be energy smart. Residential Energy Efficient Property Credit […]
Tax credits are welcome news at tax time (or any time) and the Earned Income Tax Credit is one of the best. If you’re eligible, you could receive more than $6,000 in refundable credits. […]
Generally, a statute of limitations is a law that limits the time a legal proceeding, or act allowed under a law, can be initiated. Think of it as a way of legal housecleaning – […]
If you are a new parent through adoption, then please accept our heartfelt congratulations. And better yet, did you know the Internal Revenue Code provides for a tax credit, or an exclusion from taxable […]
Ever wonder what the chances of winning in an IRS Audit might be? With 1 in 100 taxpayers being selected for an audit, there’s a small chance you’ll find out. But it you’re just […]