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IRS Audit Guidelines on Receipts

If your small business has been selected for an IRS audit, having qualified expense receipts...

IRS IDENTITY VERIFICATION LETTERS

In its efforts to combat identity theft, the IRS is stopping suspicious tax returns that...

INDEPENDENT CONTRACTOR STATUS

Many companies use independent contractors to slash payroll taxes and the high cost of fringe benefits...

IDENTITY THEFT PROCEDURES AND RESOURCES

  Suspecting and then confirming that you have had your identity stolen is a nightmarish...

IRS Issues 2016 HSA Contribution Limits

A comparison of the 2016 and 2015 limits is shown below: Contribution and Out-of-Pocket Limits...

2015 CURRENT DEVELOPMENTS

The following is a summary of the most important tax developments that have occurred in...

EMPLOYER PROVIDED SAFE HARBOR 401(K) PLAN NOTICE DEADLINE APPROACHING

According to the Internal Revenue Service (IRS) rules, a Safe Harbor 401(k) plan requires the...

DOCUMENTING CHARITABLE DEDUCTIONS

If you donate: Make sure to: $249 or less Keep a receipt, letter, bank record...

2015 TAX FILING SEASON

Following the passage of the extenders legislation, the Internal Revenue Service announced it anticipates opening...