Posted by on February 20, 2017
Several significant tax developments happened last year that may affect federal income tax returns that individual and business taxpayers file in 2017. Here’s a quick look at 10 key changes that you should be aware of during this tax season.
Posted by Michē Needham on February 17, 2017
Mandatory IRA payouts are called required minimum distributions (RMDs). While there’s a stiff penalty if you fail to take timely distributions, taking RMDs also will cause you to report additional taxable income on your federal income tax return. Here are the rules regarding RMDs and a tax-smart strategy for meeting your RMD obligations.
Posted by Brian Kern on February 10, 2017
Can a retailer qualify for the Section 199 deduction for marketing materials created and printed in the United States that advertise products manufactured abroad? IRS Chief Counsel Advice determined that the deduction isn’t available for print materials that advertise only the company’s own foreign-made brands. Here are the details of the case.
Posted by Megan Morris on February 06, 2017
While some New Year’s Resolutions have already faded, you may not have considered this tax-related resolve: using apps to make April 15, 2018 stress-free.
Posted by Robert Ingrasci on January 17, 2017
An estate tax closing letter (Letter 627) is used to indicate that the IRS has accepted a filing and that federal tax liabilities on an estate return have been satisfied. Read how IRS Notice 2017-12 clarifies which documents may be used to signify the closing of an estate.
Posted by on January 16, 2017
We all have a part to play in the fight against tax-related identity theft. Your role starts by learning the mechanics and warning signs.