News & Perspective

Final rules permit truncated tins. In the ongoing effort to fight identity theft and tax refund fraud, the IRS has been issuing new rules and regulations, tightening security measures, coordinating efforts with both State Tax Authorities and the T... Read More

Final HRA rules permit integration. The Department of the Treasury, Labor, and Health and Human Services jointly issued final regulations governing health reimbursement arrangements. The Final regulations allow integration of HRA's with individual... Read More

One of the most hated tax breaks in america. One of private equity and hedge fund managers most prized tax breaks is again in politicians cross hairs, but Democrats would need to sweep the 2020 elpection if they want to pull the trigger to end the... Read More

Tax lands dirty dozen tax scams. As they do every year, the IRS issues on their website a list of the "Dirty Dozen" tax scams. Here they are. Inflated refund scams. Fraudulent tax preparers often falsify tax returns to gain clients, or lure client... Read More

Tax Shelters to protect your money. When it's time to settle with Uncle Sam at the end of the year, don't overlook some IRS approved tax shelters that might lower your tax bill. Set up a retirement account to lower your taxes. A 401K or other t... Read More

Things that you may not realize are taxable. Everyone knows that wages are taxed by the federal government, but Uncle Sam has a far reaching definition of "taxable income". It covers numerous types of earnings that many people don't realize are... Read More

Tax season is tax scam time. Tax scams abound year round, but people over 65 are targeted even more frequently during the tax season. Tax season is tax scam time. Why ? A certain amount of money is in play at this time as taxpayers are figuring... Read More

Changes to the kiddie tax. The Tax Cuts and Jobs Act passed by Congress and signed by President Trump, made some changes to the kiddie tax. The Tax Cuts and Jobs Act also simplified the kiddie tax, removing some of the difficulties of calculati... Read More

Shutdown caused service issues. Thats the conclusion of the IRS watchdog who overseas many aspects of the IRS. Disruptions from last months partial government shutdown caused a "shocking" deterioration in the IRS telephone help for taxpayers in... Read More

Tax cuts one year later. What happened ? There was a point in early 2018 when big American companies couldn't help stop talking about the Trump tax cuts. Flush with the projected savings form a $1.5 trillion law, they promised to raise wages, h... Read More