On November 2, 2015, President Obama signed the Bipartisan Budget Act (B.B.A.) of 2015, which included a new federal audit regime for businesses and entities classified as a partnership...
Posted by Dennis Jao on 09/10/2022
The cryptocurrency world is currently in chaos. Just a few months ago, cryptocurrency companies were everywhere during the Super Bowl, following the virtual currency surge of 2021.Today,...
Posted by Dennis Jao on 08/24/2022
The most common method used to pay off old IRS debt is the Monthly Payment Agreement or Installment Agreement. If you owe the IRS $50,000 or less, you can only get a 72-month installment...
Posted by Pat Raskob on 07/12/2022
The rules for filing alimony income on your tax return changed with the 2019 fiscal year. Alimony income or payments are no longer tax-deductible, and the receipt of alimony is not...
Posted by KLSM CPA Firm PLLC on 07/09/2022
There's a new guide to early IRA retirement that pre-retirees need to know. It changes the interest rate on early withdrawals and allows you to switch methods. IRAs are great planning...
Posted by Dennis Jao on 05/09/2022
Inviting clients to dinner or a sporting event can be a great way to get to know your business partners and help you develop a closer relationship. Additionally, work-related meals...
Posted by Abundant Wealth Planning LLC on 10/09/2021
Getting a divorce is no fun. But for almost 80 years, tax law has helped divorced couples. Alimony or separate child maintenance payments made by one ex-spouse to another under a divorce...
Posted by James Financial Services Inc on 01/09/2022
For people having difficulty settling a debt with Uncle Sam, there is the opportunity for an installment agreement every Month. For instance, people with a deficit of $50,000 or less...
Posted by Cypress Tax Solutions on 02/11/2021
What is a health expense reimbursement agreement (HRA)?A health reimbursement agreement (HRA) is an employer-funded plan that reimburses employees for eligible medical expenses and,...
Posted by Schneiderman and Friedman on 01/18/2021
