2015 Tax Filing Date Announced 2015 Tax Filing Date Announced – The tax filing date for the New Year has recently been announced by the IRS. Tax filing will begin on Tuesday, January 20th, 2015. In addition, as part of the tax extenders package which President Obama signed into effect on December 19, 2014, all… Continue reading →
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Tax Extenders Bill Passed
Tax Extenders Bill Passed – With time running out, Congress has passed the long awaited tax extenders bill. Although President Obama has not yet signed the legislation into effect, his signature is expected. The bill, officially identified as the Tax Increase Prevention Act of 2014 (HR 5771), extends some very significant tax breaks through the… Continue reading →
Year End Tax Considerations
Important Year End Tax Considerations Important Year End Tax Considerations – Although tax planning is important all year long, it is especially important at the end of the year. End of the year tax moves such as accelerating or postponing income, balancing capital gains and losses and placing funds in tax deferred accounts have the… Continue reading →
IRS Notice of Deficiency As a Wake-up Call
Let IRS Notice of Deficiency be a Wake-Up Call Let IRS Notice of Deficiency be a Wake-Up Call – If you have received an IRS Notice of Deficiency, let it serve as an official wake-up call, informing you that you have a back tax issue that needs attention. Although a Notice of Deficiency is usually… Continue reading →
IRS Announces 2015 Tax Changes
IRS Announces 2015 Tax Changes IRS Announces 2015 Tax Changes – Although the Federal Reserve predicts that inflation will be under two percent again in 2015, the IRS has modified certain tax rates and ceiling amounts to cover the anticipated increase. While none of the changes seem particularly significant, any or all of these can… Continue reading →
Reality Stars Suffer the Consequences of Back Taxes
Reality Stars Suffer the Consequences of Owing Back Taxes Reality Stars Suffer the Consequences of Back Taxes – The recent indictments of reality television stars Mike Sorrentino and Teresa and Joe Giudice highlight the importance of staying current with the IRS. All three, together with Mike’s brother Marc Sorrentino, were charged multiple offenses that included… Continue reading →
