News

Amending Your Taxes? Be Careful With IRS

Source: forbes.com - Feb 23, 2019

Can you amend your taxes if you forgot something or made a mistake? Sure. Should you? It depends. You must file a tax return with the IRS each year if your income is over the requisite level. In... Read more >

Category: General Business

How to Hire Employees: A Checklist

Source: squareup.com - Feb 22, 2019

Ready for some additional help but not sure how to hire employees? Congrats, bringing on staff is a huge milestone. When thinking about how to hire your first employee, your fiftieth, or some... Read more >

Category: General Business

Here are 5 ways the super-rich manage to pay lower taxes

Source: cnbc.com - Feb 22, 2019

The more money you make, the more taxes you pay — right? Not necessarily. While the U.S. tax code is structured so that high earners pay a higher tax rate, the ultra-wealthy often take... Read more >

Category: General Business

Democrats ask IRS for info on redesigned 1040

Source: accountingtoday.com - Feb 22, 2019

A pair of Democratic leaders on the House’s tax-writing Ways and Means Committee have sent a letter to the Internal Revenue Service requesting details on the newly streamlined Form 1040 and the... Read more >

Category: General Business

Unusual But Legitimate Tax Breaks

Source: efile.com - Feb 21, 2019

The United States tax code allows for many unusual but legitimate tax deductions and tax credits. Below are some of the noteworthy tax breaks that have been successfully claimed. Some of these... Read more >

Category: General Business

How long should it take to get my tax refund this year?

Source: usatoday.com - Feb 21, 2019

Many taxpayers are anxiously awaiting this year’s tax refund that they hope to use to pay down debt, pad their savings or make a big purchase. Historically, almost three-quarters of Americans... Read more >

Category: General Business

IRS Activities Following the Shutdown

Source: irs.gov - Feb 21, 2019

The IRS has reopened following the end of the government shutdown, and IRS employees are working hard to resume normal operations and help taxpayers as much as possible. As the IRS resumes... Read more >

Category: General Business

IRS Taxes Colin Kaepernick's NFL Settlement, Here's Why

Source: forbes.com - Feb 20, 2019

The news that Colin Kaepernick and the NFL settled their collusion case has been replaced by talk about who “won,” and speculation about just how much money changed hands. The details are not... Read more >

Category: General Business

Trump’s shutdown could hinder tax collectors for ‘months, and even years’

Source: washingtonpost.com - Feb 20, 2019

President Trump’s partial government shutdown is over, but the haunting effects are not. Perhaps nowhere is that demonstrated more than in the Internal Revenue Service, one agency that affects... Read more >

Category: General Business

IRS says today is the busiest phone day of the year

Source: ksn.com - Feb 20, 2019

WASHINGTON - The Internal Revenue Service alerted taxpayers that today, the day after Presidents Day, marks the busiest period for calls to its toll-free help line. The IRS reminded taxpayers that... Read more >

Category: General Business

How tax reform changed deductions

Source: fidelity.com - Feb 19, 2019

The Tax Cuts and Jobs Act enacted in late 2017 was more than 500 pages long, with detailed changes affecting everything from the taxation of trusts to the treatment of life insurance policy... Read more >

Category: General Business

Governor announced date for Louisiana Statewide Business Summit

Source: wafb.com - Feb 18, 2019

BATON ROUGE, LA (WAFB) - Business and industry leaders will come together to discuss the latest on the state’s economic development during the Louisiana Statewide Business Summit in February.... Read more >

Category: General Business

Will tax refunds be lower this year? Yes, for some

Source: ajc.com - Feb 16, 2019

Those expecting income tax refunds this year may be upset when checks start showing up in their mailboxes -- or even more upset when they end up writing the IRS a check. Millions of Americans who... Read more >

Category: General Business

Where's Your Income Tax Refund 2019? Chart Shows When to Expect IRS Refund

Source: cpapracticeadvisor.com - Feb 12, 2019

Early February is one of the busiest times for people doing their taxes. If you're one of the millions of Americans who can't wait to get your hands on your refund, we can tell you how soon you... Read more >

Category: General Business

Your Form 1099 Reports Too Much To IRS, Can You Sue?

Source: forbes.com - Feb 12, 2019

Did you receive any IRS Forms 1099 that you think are wrong? Maybe someone paid you $1,000, but reported that they paid you $10,000? The 1099 rules are complex and voluminous, and mistakes happen.... Read more >

Category: General Business