If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax. Here are seven tax tips for gifts and the gift tax. Nontaxable Gifts. The general rule is that any gift is a taxable gift. However, there are...
2016 Tax Season Opens Jan. 19 for Nationโs Taxpayers Following a review of the tax extenders legislation signed into law last week, the Internal Revenue Service announced today that the nationโs tax season will begin as scheduled on Tuesday, Jan. 19, 2016. The IRS will begin accepting...
6 Things to Bring Your Accountant to Prepare Your Tax Return As we approach the end of the year, itโs smart to begin thinking about taxes. While the tax deadline is still a few months away, the sooner you get your return filed, the less you have to worry about it. With that being said, do...
Year-End Tax Tips for Businesses The end of the year gives you and your business a great chance to maximize tax savings for 2015 and beyond. There are several general strategies to consider, such as use of traditional timing techniques for income and deductions and the role of the tax...
From the IRS Security Awareness Tax Tip newsletter Seven Tips to Protect Your Computer Online The Internal Revenue Service, the states and the tax industry urge you to be safe online and remind you to take important steps to help protect yourself against identity theft. Taxes. Security...
Yesterday, the IRS Newswire e-newsletter presented an article about employee withholding. We are posting this content as a resource that you can refer to over and over again. Tax Preparedness Series: Employees Should Take Time to Check Withholding IRS YouTube Videos: IRS...
Farmers and ranchers who previously were forced to sell livestock due to drought, like the drought currently affecting much of the nation, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales, the Internal Revenue Service announced...
Tips from the IRS Hurricane season officially began this week and the IRS released the following best practices for keeping your tax records safe from natural disasters. Create an Electronic Additional Set of Records Taxpayers should keep a duplicate set of records including...
Tips from the IRS Most employers have fewer than 50 full-time employees or full-time equivalent employees and are therefore not subject to the Affordable Care Actโs employer shared responsibility provision . If an employer has fewer than 50 full-time employees, including full-time...
Tips from the IRS The Internal Revenue Service today reminds tax-exempt organizations that many have a filing deadline for Form 990-series information returns in mid-May. With the May 15 filing deadline facing many tax-exempt organizations, the Internal Revenue Service today cautioned these...
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