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Blog Posts in 2014

Six IRS Tips for Year-End Gifts to Charity

Six IRS Tips for Year-End Gifts to Charity Many people give to charity each year during the holiday season. Remember, if you want to claim a tax deduction for your gifts, you must itemize your ...
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IRA FAQs - Distributions (Withdrawals)

IRA FAQs - Distributions (Withdrawals) Distributions while still working Can I take money from my traditional IRA, or my SEP or SIMPLE IRA, while I am still working? You can take distributions from ...
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Employers get first look at health insurance information reporting

Since passage of the Affordable Care Act, several key requirements for employers have been delayed, including reporting of health coverage offered to employees, known as Code Sec. 6056 reporting. As ...
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IRS Commissioner predicts bumpy 2015 filing season due to budget cuts

As the 2015 filing season approaches, IRS Commissioner John Koskinen is bracing taxpayers for more reductions in customer service unless the agency receives more funding. According to Koskinen, the ...
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Partnerships' exposure to net investment income tax not always clear cut

The net investment income (NII) tax under Code Sec. 1411 is imposed on income from investments, certain sales of property, and income from passive activities. NII includes net gains from the sale of ...
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How do I...satisfy the moving expense deduction criteria of start of work, distance and time?

In certain cases, moving expenses may be tax deductible by individuals. Three key criteria must be satisfied: the move must closely-related to the start of work; a distance test must be satisfied and ...
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FAQ: Can a participatory wellness program require a specific outcome?

No. Participatory wellness programs do not require a specific outcome in order for a participant to receive a reward. Background Wellness programs have grown in popularity since passage of the ...
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September 2014 Tax Compliance Calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for ...
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