Taxes
Tax Angles to Intra-Family Loans
if you can’t present clear and convincing evidence that the loan is tied to a business transaction, the transaction may be deemed to be a gift.
When is it Beneficial to Pass Up the Home Sale Exclusion?
Depending on the circumstances, it may be better to bypass the exclusion on a current sale and save it for the time when it will do you more tax good.
15 Ways Accountants Can Make More Money Under the New IRS Strategic Operations Plan
Now that the IRS has just released its Strategic Operations Plan which lays out the allocation of the funds, you may want to pay close attention to this plan.
IRS Incorporates AICPA Recommendations in Strategic Operating Plan
The spending plan includes goals and timetables covering areas such as operations support, enforcement, taxpayer services and IT modernization.
Dividing a 401(k) in Divorce
Note that a QDRO may be used for qualified plans, like 401(k) or pension plans, but this option isn’t available for IRAs. IRAs are subject to other rules.
Here’s All of the 1099 Form Types, From A to SB
The IRS lists 21 different 1099 forms. Here is an overview of each form, as of March 2023, and why you could receive one.
Five Benefits of Hiring Your Spouse
When you officially add your spouse to the company payroll, they are taxed on the compensation, but are also eligible for benefits just like any other employee.
Lodging Tax Insanity — So Many Ways to Tax Accommodations
No matter how big an accommodation platform provider is, complying with state and local accommodation tax requirements can quickly become a burden.