Gift giving is something that most people do each and every year.
Health Savings Accounts (H.S.A.s) are powerful tools, particularly if you participate in a high deductible health insurance plan.
The cost of education continues to rise each year so it is helpful to be aware of some programs that allow parents to save for the cost of their children’s education.
In accordance with President Trump’s executive order calling on agencies to ease up on ACA (Obamacare) regulations, the IRS made changes whereby it will not reject a 2016 tax return for processing just because the taxpayer does not indicate their coverage status in Box 61.
By now, you’re probably familiar with FATCA… similar to the OECD’s Common Reporting Standards (CRS),
On November 22, 2016, NJ Governor Christie announced he has opted to keep the NJ/PA reciprocal tax agreement in place.
On September 5, 2016, New Jersey Governor Chris Christie announced that, effective 1/1/2017, New Jersey is unilaterally terminating the state’s reciprocity agreement with Pennsylvania.
The IRS has issued sweeping changes to the way U.S. taxpayers are required to report interest in foreign bank accounts. Although taxpayers were always required to report and pay taxes on income earned in foreign accounts, not until recently did the IRS along with other government agencies step up enforcement to eliminate attempts to avoid paying taxes.
Are you a generous person that regularly donates cash to qualified charitable organizations?
If you have read the news lately, you might have seen the various headlines about Uber. One particular headline that has crossed on June 17th was the California Labor Commission classifying the Uber drivers as employees and not contractors. This has always been a hot topic with the IRS, independent contractor versus an employee but with the Uber publicity will this raise more questions among businesses?