IRS Extends Filing Deadline for Work Opportunity Tax Credit
Employers wishing to take advantage of the work opportunity tax credit (WOTC) will be pleased to know they have more time to file the necessary paperwork. Earlier this month, the…
IRS Tips
IRS Raises Tangible Property Expensing Threshold
A recent IRS announcement stated that it will raise the deductible amount from $500 to $2,500 for purchases of tangible property by taxpayers without applicable financial statements. After receiving more…
2016’s Top Tax Issues
Fall is officially here, which means the next tax season is just around the corner! Keeping that in mind, here’s a list of regulatory and legislative developments, tax issues, and…
IRS Issues Special Per-Diem Rates For 2015-16 Travel
The IRS issued its annual update of special per-diem rates, to be used in substantiating certain business expenses taxpayers incur when traveling away from him in 2015 and 2016. Provided…
Farmers and Fishermen: Easiest Way to E-Pay Your Taxes? The New IRS Direct Pay Tool
With the March 2 tax deadline looming for many farmers and fishermen, the Internal Revenue Service (IRS) is reminding filers that the new IRS Direct Pay tools offers the fastest…
Bogus IRS Calls and Emails
Topping the IRS list of “Dirty Dozen” tax scams this year are fraudulent calls from phone scammers posing as IRS agents. With the tax season in full swing, phone scams…
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