A government shutdown would mean that the IRS would be operating with a significantly reduced staff, resulting in delays and disruptions to its services. – Forbes – Taxes Read More
Tax governance- Becoming a Large Business – Tax Strate This article focuses on another tax governance obligation for large businesses in the UK; the requirement to pub… – Forbes – Taxes Read More
With a government shutdown pending, federal agencies are taking steps to get ready—including the IRS. About one-third of IRS employees will continue to perform services. – Forbes – Taxes Read More
Updated for 2023. When you file an annual tax return, it’s easy to get overwhelmed by the sheer amount of tax forms available. To help you break it down, we picked out seven of the top Internal Revenue Service (IRS) tax forms you might need to know about this year…
The IRS has expanded its chatbot technology to help answer basic questions for people receiving tax notices. – Forbes – Taxes Read More
While there is no escaping inflation, the IRS adjusts certain tax numbers every year to account for reduced purchasing power. There were some significant inflation changes for 2023, so let’s take a look at them. At a glance: The standard deduction has increased, as have contribution limits for retirement accounts.…
Updated for tax year 2023. No doubt about it, winning the lottery dramatically changes a person’s life. A financial windfall of that magnitude quickly grants you a level of financial freedom you probably have trouble imagining. But becoming a Mega Millions or Powerball jackpot winner doesn’t change everything. If you…
On Sept. 30, the government will run out of money. Unless a compromise is reached, there will be a shutdown and all nonessential government functions must stop. – Forbes – Taxes Read More
Updated for tax year 2023. Do you currently have adult children who are not your dependents living under your roof? If you are supporting adult children, or even giving them a helping hand now and then, you’re not alone. In today’s tough job market, getting a good career started can…
Traders have unique needs and opportunities in tax planning. Get organized well before the year-end so you don’t miss out. – Forbes – Taxes Read More
RSBs are coupon-only bonds that would be issued by the U.S. Treasury. Their adoption would dramatically improve the wellbeing of current and future American retirees. – Forbes – Taxes Read More
Updated for 2023. Stock options and stock purchase plans are a popular way for employers to pad an employee’s compensation outside of a paycheck. However, the Internal Revenue Service (IRS) still requires you to report those benefits on your tax return. To make tax time less stressful, here’s a quick…