Income Tax
IRS Worker Charged With ID Theft, Filing False Returns
As an IRS contact representative, Sherelle Pratt was tasked with tackling confused tax filers' most complicated questions.
Reality Bites: The New 3.8% Net Investment Income Surtax
The specter of the dreaded new surtax on “net investment income” (NII) has turned into reality. For the first time ever, some upper-income taxpayers will have to pay the 3.8% surtax on their 2013 income tax returns. This could be a harrowing experience for some of your clients.
New Hampshire Representatives Considering Minimum Wage Increase
The 2014 version of a New Hampshire minimum wage hike bill, which would set the wage at one dollar above the federal level and then escalate it in future years, received predictable mixed reviews before a State House panel Tuesday.
Are Your Clients Overlooking Tax-Free Fringe Benefits?
We get so busy during tax season that we often barely have time to breathe. Even so, I want you to do some reading. Call the IRS at 800-TAX FORM (800-829-3676) to get a printed copy of IRS Publication 15-B. Have you ever read it? It’s all about fringe benefits.
High Paying Jobs for 2014 – Mobile Media and Big Data Top List
Trends like big data and mobile media are translating into growing paychecks for some professionals, according to the recently released 2014 Salary Guides from Robert Half Technology and The Creative Group.
Why a Minimum Wage Hike is a Bad Idea
The President of the United States, our champion of income equality, has once again called on Congress to raise the minimum wage from its present level of $7.25 per hour up to $10.10 per hour, a salary increase of just under 39 percent.
What’s Not On Your Clients’ W-2s Can Be a Goldmine For Your Firm
There’s so much nifty tax preparation software out there these days. Don’t you just love the software that allows us to import W-2 data, stock sales data, QuickBooks data, etc.? With all those tools, we barely even have to look at our clients’ documents. But we should!
Tips On How To Choose A Tax Professional
Find out how to pick a reputable tax preparer.