The Individual Shared Responsibility Provision – The Basics

By |2015-03-20T19:38:07-04:00March 20th, 2015|Affordable Care / ObamaCare, Health Care Reform, Individual Income Tax|

Source: IRS.gov  The individual shared responsibility provision requires that you and each member of your family have qualifying health insurance, a health coverage exemption, or make a payment when you file. If you, your spouse and dependents had health insurance coverage all year, you will indicate this by simply checking [...]

2014 Year-End Tax Planning for Businesses

By |2014-11-10T17:42:14-05:00November 10th, 2014|Employees, Employers, Health Care Reform, Individual Income Tax|

2014 Year-End Tax Planning for Businesses  Source: KaneCPAs.com  In recent years, end of year tax planning for businesses has been complicated by uncertainty over the availability of many tax incentives.  The 2014 year-end is no different.  In the early hours of January 1, 2013, the Senate passed the American Taxpayer [...]

2014 Tax Planning for Individuals

By |2014-11-10T17:28:30-05:00November 10th, 2014|Health Care Reform, Individual Income Tax, Retirement|

2014 Tax Planning for Individuals  Source: KaneCPAs.com  Traditional year-end planning techniques remain important for 2014. As always, tax planning requires a combination of multi-layered strategies, taking into account a variety of possible scenarios and outcomes.  These income deferral/exclusion and deduction/credit acceleration techniques may be used to reduce your income tax [...]

Increased Demand Predicted for Accountants in Forensics and Valuation Services

By |2014-08-01T12:59:59-04:00August 1st, 2014|AFSG, Business Valuation, News Articles|

  "Big Data" Listed as Top Issue Facing Forensic and Valuation Professionals in Next Two to Five Years: AICPA Survey Increased Demand for Services Predicted by Majority of CPAs Working in Forensics and Valuation Published July 22, 2014 Original Article: http://www.aicpa.org/Press/PressReleases/2014   Contact: James Schiavone, 212-596-6119, jschiavone@aicpa.org NEW YORK (July 22, 2014) – [...]

New Policy: Unused Taxpayer ID Numbers Will Expire after Five Years

By |2014-07-31T16:22:01-04:00July 31st, 2014|Business Start-Ups and Closures, Corporate Income Tax, Employers|

original article: http://www.daszkalbolton.com/index.php?src=gendocs&ref=NewPolicy-UnusedTaxpayerIDNumbersWillExpireAfterFiveYears#.U9pXSPldXgs Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years, the IRS recently announced. In order to give all interested parties time to adjust to the new policy, the IRS added that it will not begin deactivating ITINs [...]

Summer Weddings Mean Tax Changes

By |2014-07-07T13:39:28-04:00July 7th, 2014|Individual Income Tax|

(Source: IRS.gov)Taxes may not be high on your summer wedding plan checklist. But you should be aware of the tax issues that come along with marriage. Here are some basic tips that can help keep those issues to a minimum: Name change. The names and Social Security numbers on your [...]

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