Employees may be surprised to a new item reported on their 2012 W-2s. Beginning with the issuance of 2012 W-2s, the employer is required to report the value of health care coverage … [Read more...] about Form W-2 Reporting of Employer-Sponsored Health Care

If you use your vehicle in pursuit of a trade or business, you may be allowed to deduct the ordinary and necessary expenses incurred while operating the vehicle. However, any expenses associated with … [Read more...] about Vehicle Depreciation and Deductions

The IRS is warning taxpayers about scams that involve websites that mimic the IRS e-Services online registration page. Apparently, taxpayers are being contacted and told to register on the IRS … [Read more...] about IRS WARNS TAXPAYERS ABOUT PHONEY IRS WEBSITES

There are numerous tax law changes to occur beginning January 1, 2013 (assuming that Congress and the White House cannot agree to extend these tax provisions). While the items below are not … [Read more...] about RECENTLY ANNOUNCED 2013 TAX ADJUSTMENTS

Do you owe the IRS significant amounts for back taxes, are subject to wage garnishments or bank levies? Depending upon your financial situation, you may be a candidate for an offer-in-compromise … [Read more...] about IRS Accepting More Offers-in-Compromise?

Since Hurricane Sandy is projected to cause considerable property damage, it may be timely to review the IRS rules regarding claiming a casualty loss. Casualty (e.g., fire and storm) (and theft) … [Read more...] about DEDUCTING A CASUALTY LOSS