Taxes
3 Tax Tips for Millennials – How to Overcome the Fear
If there’s one thing we all have in common, it’s that no one enjoys filing taxes. But, according to recent studies, millennials feel particularly anxious about the annual process.
Good News, Bad News on Student Loan Interest Deduction
The bad news is, if you are paying more than $2.5k per year in student loan interest, the excess is not deductible and cannot be carried forward. Also, if you are making more than $65k per year, the deduction begins to phase out, and if you are making ...
IRS Awards $385,000 in Matching Grants to Low Income Taxpayer Clinics
The LITC program is a federal grant program administered by the Office of the Taxpayer Advocate at the IRS, led by National Taxpayer Advocate Nina E. Olson. Although LITCs receive partial funding from the IRS, LITCs, their employees and their ...
Clinton or Trump? Politics Invades the Workplace
Management is more likely than employees to argue about candidates, with employers in information technology (47 percent) taking the lead, followed by those in manufacturing (37 percent).
Ohio CPA Society Proposes Tax Changes to Boost Business
The Ohio Society of CPAs (OSCPA) in June released a comprehensive white paper to state leaders outlining a series of tax changes CPAs believe will drive a more competitive business environment in Ohio.
Special Report Focuses on Sec. 385 Debt-Equity Regulations
Thomson Reuters has released a special report on the recently proposed Treasury regulations under Section 385 of the Internal Revenue Code which, if finalized, would dramatically disrupt the treatment of intercompany debt issued among members of ...
Mortgage Rates Drop to 2nd-Lowest Level on Record
Mortgage rates keep dropping as post-Brexit uncertainty weighs on financial markets, with the benchmark 30-year fixed mortgage rate now at 3.52 percent, according to Bankrate.com's weekly national survey. The 30-year fixed mortgage has an average ...
3 Tax Tips for Millennials – How to Overcome the Fear
If there’s one thing we all have in common, it’s that no one enjoys filing taxes. But, according to recent studies, millennials feel particularly anxious about the annual process.