The Internal Revenue Service today issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax, the “Federal Student Tax.” Even though the tax deadline has come and gone, scammers continue to use varied strategies to trick people, in this
Read more →The IRS has issued temporary regulations under Code Sec. 7701 to clarify that a disregarded entity that is treated as a corporation for employment tax purposes is not treated as a corporation for purposes of employing an individual who is a partner in a partnership that owns
Read more →The Federal Emergency Management Agency (FEMA) has announced that the president on May 6, 2016, determined that certain areas in Arkansas are eligible for assistance from the federal government under the Disaster Relief and Emergency Assistance Act (42 USC 5121) as a result of severe storms, tornadoes,
Read more →President Obama signed into law the American Manufacturing and Competitiveness Act of 2016 on May 20. The bill was approved by the House on April 27th and passed the Senate on May 10th. The new law calls for a three-step process under the Miscellaneous Tariff Bill (MTB)
Read more →House Ways and Means Social Security Subcommittee Chairman Sam Johnson, R-Tex., and Subcommittee member Jim Renacci, R-Ohio, on May 25 introduced legislation intended to protect taxpayers from identity theft. The Social Security Must Advert Identity Loss (Social Security MAIL) Bill of 2016 (HR 5320) would require the
Read more →On Wednesday, the IRS announced that affected taxpayers of the severe storms and flooding that took place beginning on April 17, 2016 who reside or have a business in Fayette, Grimes, Harris and Parker Counties may qualify for tax relief may qualify for tax relief from the
Read more →As business owners we are all too familiar with the hard work that it takes to run a successful business, and all the intricacies that are involved to make that happen. While we are on our journey to achieving great success and materializing our brand we are
Read more →Form 1095-C, Employer-Provided Health Insurance Offer and Coverage Insurance, provides you with information about the health coverage offered by your employer. In some cases, it may also provide information about whether you enrolled in this coverage. Here are the answers to some of the common questions our
Read more →This year, you may receive one or more forms that provide information about your 2015 health coverage you had in 2015. These forms are 1095-A, 1095-B and 1095-C. This tip is part of a series that answers your questions about these forms. Form 1095-B, Health Coverage, provides
Read more →A name change can have an impact on your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here’s what you should know if you changed your name: Report Name Changes. Did you get married
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