Taxes
Four Tips To Getting The Most Out Of Your Research
3477 The world of tax research applications has evolved significantly from the paper books we used in college in the late 20th century. Paper research materials formerly updated by replacing thousands of pages of thin paper in a precise manner were replaced by large towers of compact disks, and the CDs have now given way […]
How to Avoid Tax Season ID Theft, from the Illinois CPA Society
Getting your taxes organized and filed is more than enough to handle without worrying if your personal information is vulnerable to scammers looking to cash in at your expense. Criminals may file fraudulent tax returns under your name to steal your ...
How Fast Can I Get My 2019 Income Tax Refund? Quick Answers to IRS Questions
Friday, Feb. 1, 2019 (maybe) -- But more likely, Friday, Feb. 8 or 15... Probably in February, because of the changes to the tax laws this year, and because those with certain tax credits have to wait longer to protect against fraud.
Business Meals are Deductible Again, But Not Entertainment, Says IRS
Previously, a business taxpayer could deduct 50% of the cost of qualified entertainment expenses, if those expenses were properly substantiated. This included entertainment that was “directly-related” to or “associated with” the business.
Category 2 Hurricane Florence Strikes North and South Carolina
Hurricane Florence remains a powerful major hurricane, but has been downgraded to a Category 3, as its sustained winds have decreased to 115 mph. The forecast track of Florence has the storm making landfall near Wilmington, N.C. around midday Friday ...
U.S. Prosecuting 15 Foreign Nationals and 5 India Call Centers for IRS Telephone Tax Scams
An indictment was unsealed on Wednesday, Sept. 6, 2018, charging 20 individuals and entities for their alleged involvement in a transnational criminal organization that victimized over 2,000 people in the United States through a fraudulent India ...
IRS Issues Proposed Regs on New 20% Deduction for Passthrough Businesses
IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
Manafort’s CPA Admits to Cooking the Books
Accountant Cindy Laporta testified that Gates had sent her backdated documents to reduce Manafort’s tax liability in support of the existence of such loans. In one instance, Laporta says that Manafort leaned on her to help when his bookkeeper wouldn’t.