This month, we celebrate the 238th birthday of America. But now that we are separated from our founding fathers by nearly two and a half centuries. Many have forgotten what the men who drafted the Declaration of Independence and Constitution
The Foreign Account Tax Compliance Act (FATCA) was a provision of the Hire Act, which was passed by Congress in March of 2010. The IRS has made several delays in the implementation of FATCA but more than four years later;
The Federal Trade Commission (FTC) has recently implemented a “Red Flags” rule on certain businesses in an effort to curb the growing problem of identity theft. Financial institutions of all sizes are required to comply with this rule, as well
A growing number of Americans are victimized by identity theft each year. With the increase of online financial activity, cyber thieves are stealing millions of dollars annually with the threat continuing to grow at an alarming rate. To help fight
Working at home is a new experience for many, and in today’s economy, it is becoming more common. If you work from home as an independent contractor (freelancer), you are responsible to take care of your own tax withholdings and
There are times when a business decides that moving offices is beneficial for the growth of the business and/or for budgetary reasons. Changing locations can be an exciting time for a growing company, but it can also get expensive. Thankfully,
We have all heard the horror stories of those that have faced an audit from the IRS. Having the most powerful financial agency in the world question the accuracy of your tax return is definitely quite scary. Perhaps the most
Being audited by the Internal Revenue Service is something many taxpayers fear; even if your return is entirely above board, an honest mistake here or there can turn an audit into a tax nightmare. So when it comes to filing
Every year, the tax laws change a little, and sometimes a lot. For example, some business write-offs such as accelerated depreciation have largely gone away after 2013. However, there are still a large number of deductions available to entrepreneurs and
As part of the Affordable Care Act of 2010 (also known as Obamacare), starting in 2014 individuals are required to have health insurance. The IRS has been tasked with the responsibility of tracking who is and who is not in
