Employers: Be aware (or beware) of a harsh payroll tax penalty
If federal income tax and employment taxes (including Social…
IRS raises valuation limit for employer-provided vehicles
One of the most popular fringe benefits for employees at many…
WHAT IS AN IRS PENALTY ABATEMENT AND AM I ELIGIBLE FOR ONE?
There are different types of IRS penalties that can be assessed…
WHY TAX BASIS IS SO IMPORTANT
Article Highlights:
Definition of Tax Basis
Cost Basis
…
What type of expenses can’t be written off by your business?
If you read the Internal Revenue Code (and you probably don’t…
How entrepreneurs must treat expenses on their tax returns
Have you recently started a new business? Or are you contemplating…
SO, YOU'VE MADE A MISTAKE ON YOUR TAX RETURN. WHAT HAPPENS NOW?
Generally speaking, tax return mistakes are a lot more common…