With response to the current health challenges, the entire world is facing, and the Health Coverage Tax Credit (HCTC) Program is temporarily suspended. This, however, has not affected...
Posted by ABLE Tax Resolution on 05/17/2020
It is almost two months, and millions of Americans have been forced to work from home. It is expected for many to wonder if they can deduct a series of home office expenses from the...
Posted by ABLE Tax Resolution on 05/17/2020
There comes a point in the life cycle of any business where it makes sense to sell. Whether you plan to sell in the next year or the next couple of years, you can and should consider...
Posted by ABLE Tax Resolution on 04/20/2020
The taxpayer advocacy panel defends American taxpayers before the IRS identifies the problems that are important to them and makes recommendations for improving the IRS services. Here,...
Posted by ABLE Tax Resolution on 04/20/2020
If you roll over funds within 60 days, you can escape grave tax consequences. If you, however, miss the deadline for important reasons, there is some grace available. This is because...
Posted by ABLE Tax Resolution on 04/02/2020
When you receive income from any source, you are required to pay tax. This is not only about federal income tax, but state income tax, Medicare tax or Social Security tax. According...
Posted by ABLE Tax Resolution on 04/02/2020
Form 5500, 5500-EZ and 5500-SF must be filed on time. In general, filing forms 5500, 5500-EZ and 5500-SF is the responsibility of the plan administrator. Penalties can be expensive,...
Posted by ABLE Tax Resolution on 02/25/2020
A provision has been included in the Bipartisan Budget Act of 2015 (BBA) which resulted in the creation of audit rules on new partnerships. Recognizing partnerships including LLCs...
Posted by ABLE Tax Resolution on 02/25/2020
At one time or the other, many people find out that they need a student loan to continue their education. Unknown to many people, however, the way you pay off your student loan matters....
Posted by ABLE Tax Resolution on 02/14/2020
