Each year we deal with the hustle and bustle of the holiday season and we often fail to realize that there are tax-planning moves we can (and should) be making to minimize our tax burden for the year. While it
IRS commissioner John Koskinen warns that 2015 is shaping up to be a “miserable” filing season for taxpayers. The commissioner noted that nearly half of those trying to get through to the IRS by phone will be unsuccessful during the
The economy in recent years has led to many Americans accumulating high amounts of debts. Inevitably, when someone is underwater with credit cards or home mortgages, they often get behind on taxes as well. This is especially prevalent with small
The 2014 mid-term elections are now in the history books, and one thing analysts from all ends of the political spectrum agree on; the Republican Party had a good night. The GOP not only took control of the U.S. Senate
The IRS announced that it will close a loophole that previously allowed employers to offer lower cost health plans that exclude coverage for physician services, inpatient hospitalization (or both). These plans are classified as “substandard” under the Affordable Care Act
As Americans, we should all celebrate veterans and take time to say “thanks” to all who bravely serve our country and put their lives on the line to protect our freedoms. It is entirely fitting that we celebrate veterans during
When we think about the federal income tax, we often look at the negative aspects of it; the IRS and its ability to audit any individual taxpayer any time, our requirement to file returns every April 15, etc. However, there
The Jumpstart Our Business Startups (JOBS) Act is a bipartisan piece of legislation that was signed into law in April of 2012. The law, which had several co-sponsors from both political parties, was intended to encourage funding of emerging growth
When you incorporate a business, the federal corporate tax rate tops out at 35% (depending on the company’s taxable income). State and local corporate taxes can bring that number up close to 50% depending on which state you decide to
A story from the National Journal claimed that the IRS would be delaying 2014 federal tax refunds until October 2015. The story looked entirely believable, with very plausible explanations as to how this could happen, even including quotes from White
