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In light of the recent stock market plunge, many households across the country are scrambling. Depending on what stage of life you’re in, when you plan on retiring, and how much of your nest egg is...
Tips from the IRS
The Internal Revenue Service today announced that the summer 2015 issue of the Statistics of Income Bulletin is available on IRS.gov. The Statistics of Income (SOI) Division...
Every year when tax season rolls around, tax professionals find themselves explaining the core features of charitable donations just a little too late. While charitable giving is an excellent way of...
They were invoices posted for "commissions" or bonuses for product purchased in 2014. Invoiced later in the year, but paid 6 to 8 months later.
Though books were closed and taxes prepared, though they weren't aware of the tax ramifications,...
If the invoice was posted in November/December but not paid until the following July/August it's always possible that the invoice was posted before the work was actually done and was actually a pre-billing. In this case it should not have been accrued....
Is it too late for her to change? She has taken approx. 120,000 in the last two years, and there is approx. another 330,000+ in the account yet. When she inherited this I tried to let her keep it where it was because she felt it was invested good,...
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