New Medicare Card Mailing Is Complete New Medicare Cards Have Been Issued, These Action Steps Need To Be Taken In our June 5 2018 blog posting, we discussed that Medicare recipients were going … [Read more...] about New Medicare Cards
IRS Tax Planning Ideas, Tips & News
Tis the Season to Avoid Ghosts
Tis the Season - Avoid Ghosts Don't Be a Victim - Avoid Ghost Tax Preparers The IRS refers to unethical tax preparers as ghosts. You see them; they prepare your tax return; and then … [Read more...] about Tis the Season to Avoid Ghosts
Are Meals Deductible By a Business?
Are Meals Deductible By a Business? Tax Cuts & Jobs Act Changed the Rules: Are Business Meals Non-deductible, 50% Deductible, or 100% Deductible? Background Effective … [Read more...] about Are Meals Deductible By a Business?
Schoolteacher Assessed $800,000 FBAR Penalty
When your tax professional inquires if you had an interest in or controlled one of more foreign accounts with an aggregate value above $10,000 at any time during the calendar year, give this question … [Read more...] about Schoolteacher Assessed $800,000 FBAR Penalty
IRS Changes Back-Up Withholding Rate
IRS Changes Back-Up Withholding Rate IRS Issues Publication 1281 Effective January 1, 2018, the 2017 Tax Cuts and Jobs Act reduced the backup withholding rate from 28 percent to 24 percent. If you … [Read more...] about IRS Changes Back-Up Withholding Rate
Contemporaneous Mileage Log Book
Contemporaneous Mileage Log Book No Mileage Log Book = Lost Tax Deduction Business owners who use a vehicle in their business are required by the IRS (and the courts) to substantiate their … [Read more...] about Contemporaneous Mileage Log Book
