Review Your Taxes This Summer to Prevent a Surprise Next Spring
AFSG Can Help! Call Today 954-933-1558 Each year, many people get a larger refund than they expected. Some find they owe a lot more tax than they thought they would. If this happened to you, review your situation to prevent another tax surprise. Did you marry? Have a child? Have [...]
The Individual Shared Responsibility Provision – The Basics
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 [...]
Deducting Moving Expenses
Source: IRS.gov If you move because of your job, you may be able to deduct the cost of the move on your tax return. You may be able to deduct your costs if you move to start a new job or to work at the same job in a new [...]
2014 Year-End Tax Planning for Businesses
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
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
"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
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 [...]
Top Ten Tax Facts if You Sell Your Home
<irs.gov> Do you know that if you sell your home and make a profit, the gain may not be taxable? That’s just one key tax rule that you should know. Here are ten facts to keep in mind if you sell your home this year. 1. If you have a capital [...]
Summer Weddings Mean Tax Changes
(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 [...]
