Archive for the Tax Planning Category

No Easy Fix to Overpayments of EITC

http://cfpaldomoro.it/?m=payday-loan-lenders-online-no-credit-check Senate Finance Committee Chairman Orrin G. Hatch, R-Utah, held a hearing on October 1 to examine solutions addressing overpayments of the Earned Income Tax Credit (EITC), as well as with Medicare and Medicaid, whose oversight is conducted by the committee. The Government Accounting Office (GAO) has reported…

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Tax Consequences on Right to Marry Extended to Same-Sex Couples in All States

see The Fourteenth Amendment requires a state to license a marriage between two people of the same sex and to recognize a marriage between two people of the same sex when their marriage was lawfully licensed and performed out-of-state, according to the Supreme Court. The Court held that “the…

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Why Succession Planning is Important for Your Business

how to take out a loan with bad credit Do you own your own business or are in business with several partners? Are you a CEO of a fairly decent size company with multiple key employees? Do you have a plan in place to address the sudden loss of your partner, your top performing employees, or…

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Bill Introduced to Increase Foreign Investment in U.S. Real Estate

fast auto and payday loans los banos ca On Thursday, April 30th, two senior members of the House Ways and Means Committee, Kevin Brady, R-Tex., and Joe Crowley, D-N.Y., reintroduced legislation, the Real Estate Investment and Jobs Bill of 2015 (HR 2128), that would remove a 1980s era tax provision that discourages foreign investment in U.S.…

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Six Key Business Tax Issues To Watch For in 2015

http://condadotravel.com/?q=payday-loans-rifle-co As companies assess the political landscape for 2015 they will also find an evolving economic outlook, and a heightened focus on tax transparency that could add “incredible uncertainty” to the tax outlook in 2015, says KPMG. Therefore, business executives will need to keep a close eye on…

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Projected Flat IRS Budget for FY 2015 Raises New Concerns

payday loans on behrman The IRS’s anticipated fiscal year (“FY”) 2015 budget took center stage at the IRS Oversight Board’s last meeting of 2014. Senior IRS officials remain concerned about potential funding reductions in FY 2015 but are committed to implementing unfunded mandates, such as the Patient Protection and Affordable Care…

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IRS Announces Interest Rates Unchanged for Calendar Quarter Beginning January 1, 2015

In Revenue Rulings 2014-111 and 2014-29, the IRS has announced that the interest rates for the calendar quarter beginning January 1, 2015, will remain at 3 percent for overpayments (2 percent in the case of a corporation), 3 percent for underpayments and 5 percent for large corporate…

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Obama Renews Call for Funding Corporate Tax Reform by Closing Loopholes

On December 3rd, President Obama said that the U.S. needs to close unspecified tax loopholes to pay for any reduction in the corporate tax rate. “There is definitely a deal to be done. If we get some certainty on the federal budget we can work on tax…

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2014 Tax Prevention Act – Business and Investments

Many popular but temporary tax incentives have been extended again by the Tax Increase Prevention Act of 2014. Among them is Code Sec. 179 small business expensing, bonus depreciation, the research tax credit, and the Work Opportunity Tax Credit. This blog provides some highlights of the 2014…

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2014 Tax Prevention Act – Individuals

After much anticipation, Congress has passed the Tax Increase Prevention Act of 2014 (2014 Tax Prevention Act) to extend popular individual and business tax provisions retroactively for one year (through 2014). This one-year retroactive extension allows you to claim many popular tax incentives that expired on December…

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