Would you like to fund a Roth IRA regardless of your income or whether you are covered by your employer’s retirement plan? You want to contribute to an IRA for your retirement. You wish to do so in a … [Read more...] about IRA PLANNING – HOW TO MAKE THAT PROHIBITED ROTH CONTRIBUTION
IRS Eases Streamlined Installment Agreements
The IRS announced on January 20, 2012 by issuing SBSE 05-0112-013 that it has made significant changes to its steamlined installment agreements (SIA). What is a SIA? The IRS has the authority to enter … [Read more...] about IRS Eases Streamlined Installment Agreements
IRS Announces 2012 Mileage Rates
The IRS has released (IRS Notice 2012-1) the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving expense … [Read more...] about IRS Announces 2012 Mileage Rates
PA Issues Act 32 Local EIT Reminder
The PA Department of Revenue has released a reminder to taxpayers that the Act 32 - Local Earned Income Tax Withholding Reform Requirements, will become effective statewide on January 1, 2012. We have … [Read more...] about PA Issues Act 32 Local EIT Reminder
THE DUMMY CONTRACT – PROTECT YOUR IRA ASSETS
How would you like to learn that your IRA account participated in a transaction whereby the entire value of your IRA account is deemed to be taxable to you … [Read more...] about THE DUMMY CONTRACT – PROTECT YOUR IRA ASSETS
IRS TAX TREATMENT OF EMPLOYER-PROVIDED CELL PHONES
The IRS recently released Notice 2011-72 to provide guidance on the tax treatment of cellular phones or other similar telecommunications equipment that employers provide to their employees. … [Read more...] about IRS TAX TREATMENT OF EMPLOYER-PROVIDED CELL PHONES
