by Eric Ernest The Internal Revenue Service (IRS) announced significant relief for the victims of Hurricane Harvey, which includes an extension for filing of Form 5500 series returns applicable to employee benefit plan reporting and compliance. Such returns that were...
The Internal Revenue Service (IRS) announced significant tax relief this week for victims of Hurricane Harvey. Those in Texas impacted by the storm now have until January 31, 2018 to file certain individual and business tax returns and make certain tax payments. This...
You can pay off your mortgage, never again seeing a bill from the bank for principal or interest, but you can never pay off your property taxes. Property taxes also, unfortunately, only seem to go one way – UP! You’ll never be able to get rid of your property taxes...
by Thomas Jones and Dee Ann Creach Taxpayers can get flagged for forgetting important forms, mixing up numbers, or exaggerating tax breaks. Even one mistake can alert the Internal Revenue Service (IRS) to take a closer look at your return. While there is no such thing...
Whether you're doing taxes for your own business or a client's business, the small – but real – possibility exists for an audit. Understanding the chances of an audit and what the Internal Revenue Service may pay particular attention to can help you and your client...
For a number of years, Congress created significant uncertainty by waiting until the eleventh hour to renew or extend numerous tax provisions. In response to the frustration expressed by both individual taxpayers and the business community, Congress passed the...
by Tene Thomas, Tax Compliance Partner Congressional lawmakers passed a massive government-wide budget deal this past Wednesday combining more than a trillion dollars in year-end spending with hundreds of billions in tax cuts for businesses, families and special...
By Thomas Jones, Partner, Tax Services Our nation’s unemployment rate hovers at nine percent and monthly job losses continue to rise. That has generated discussions in Washington about innovative fiscal policy instruments, such as job creation tax credits, to help...