The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59, posted today on IRS.gov. This guidance provides cost of living adjustments affecting dollar limitations for pension
Read more →The American Cancer Society kick off party at Mercedes-Benz of The Woodlands was a smashing success. Many people in the community were in attendance and the committee organizers for this event knew how to get the fundraising for this great cause off with a bang! There was
Read more →As an Entrepreneur one of our primary concerns is to keep costs down and increase revenue. But to increase revenue does NOT mean we have to put all of our money into marketing our firm and hiring the best PR firm out there. Mark Cuban sums it
Read more →Being happy is behind every single human goal, objective, mission and wish to achieve that “something.” It has never truly been defined concisely, but everyone seems to aim for it. The achievement of happiness, the quest for happiness, the search for happiness. The U.S. Declaration of Independence
Read more →When a U.S. Partnership is formed and has one or several foreign individual partners who do not live in the United States, the income of such partnership to the partners must be assessed as to its nature to the partners in order to determine the amount of tax withholding to
Read more →In response to the ever-increasing number of taxpayers wanting online services, the IRS continues to develop online tools to interact with the taxpayers online, Commissioner John Koskinen said on April 2. Speaking at the National Press Club in Washington, D.C., Koskinen added that adequate funding is critical for
Read more →A divided House Ways and Means Committee approved six bipartisan tax bills on April 29. The tax incentive measures, popularly known as tax extenders because they often lapse and are restored by Congress, were taken from a comprehensive tax reform package introduced by Committee Chairman Dave Camp,
Read more →The IRS plans to implement Form 1023-EZ, a Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, during the summer of 2014. According to the IRS Tax Exempt and Government Entities Division (TE/GE), about 60 to 70 percent of applications for Code
Read more →Did you know that nearly 80 million taxpayers use paid tax preparers, but 60% of those preparers are not regulated by the IRS? The reason for this is because the agency is only allowed to impose requirements on tax attorneys, enrolled agents, and Certified Public Accountants? The Government Accountability
Read more →There are dozens of temporary tax provisions that expired at the end of 2013. Most of these provisions have been part of past temporary tax extension legislation. Most recently, many temporary tax provisions were extended as part of the American Taxpayer Relief Act of 2012. Collectively, temporary tax provisions
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