Important Deadline Looming For Time-Sensitive Tax Breaks and Filing Deferrals
[source: checkpoint newsstand, april 21, 2015, thompson reuters] Apr. 30, 2015, is an important deadline for some businesses,...
Home Office Deduction: Tax Break for Those Who Work from Home
Does having your own office in your home appeal to you? Ever think of wearing your old grubbies while you work at home? If those thoughts...
Business Tax Terms to Know
Cost basis is the original price of an asset, such as stocks, bonds, mutual funds , property, or equipment. Cost basis includes the...
IRS Utilizes More Flexible Offer-in-Compromise Terms
The IRS is using another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC)...
INNOCENT SPOUSE RELIEF (INCLUDING SEPARATION OF LIABILITY AND EQUITABLE RELIEF)
Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows them. When filing jointly,...
ELDER LAW GLOSSARY
Aid and Attendance (A&A) A&A benefits are those provided when a claimant requires the aid of another person in order to perform personal...
IRS MAY RECHARACTERIZE DIVIDEND PAYMENTS TO S CORP SHAREHOLDER--EMPLOYEE AS WAGES
A federal district court recently concluded that an S corporation shareholder-employee's $24,000 salary was unreasonably low, and allowed...
