2017 – 06/14
S corp can’t deduct accrued expenses attributable to employee stock ownership plan (ESOP) participants until paid. The U.S. Tax Court,Read more.
2017 – 06/05
Taxpayers who receive unemployment compensation during the year must include it in gross income on their tax returns. When oneRead more.
2017 – 06/05
Taxpayer prevailed, in spite of using wrong form. A taxpayer who intended to file for innocent spouse relief (available whenRead more.
2017 – 05/02 – Turning next year’s tax refund into cash in your pocket now
If you received a 2016 federal income tax refund, you essentially made an interest-free loan to the government. Rather thanRead more.
2017 – 06/09
Husband can’t claim alimony deduction for splitting bonus with wife before their divorce. The U.S. Tax Court has held thatRead more.
2017 – 05/30
Offer not accepted. With an Offer in Compromise (OIC), the IRS can accept less than a taxpayer’s full income taxRead more.
2017 – 04/12 – Look at your employees with cybersecurity in mind
All it takes is one employee mistake or bad hire to expose your business’s data to hackers.Read more.
4 digital marketing tips for every business
You’d be hard pressed to find a company not looking to generate more leads, boost sales and improve itsRead more.
Business owners: Put your successor in a position to succeed
When it comes time to transition your role as business owner to someone else, you’ll face many changes. One ofRead more.