Before I review the final version of HR-1, now known as PL 115-97 (the series starts tomorrow!), it’s important to review the current state of affairs at the IRS (Internal Revenue Service).
Continue reading Blame the Messenger????
Do you know that the IRS has not changed its policies on gifts? That any business gift that costs more than $ 25 is taxable to the extent if exceeds that threshold? That is has been in place since 1981- which means at the very least the IRS should have changed the deductible limit to $ 66.
As of right now, there is not a lot of data. But, at Simpson Field (Alexandria), where i coached many a little league team and where my children enjoyed playing, at least 50 shots have injured (and perhaps killed) aides and elected officials practicing for a Charity Congressional baseball game. Please pray for all injured and let’s get rid of these guns that so easily devastate our lives- and, now, even our dysfunctional government.
Continue reading No, you can’t do that!
Do you remember when I told you the IRS had potent weapons added to it arsenal? Well, they’ve already begun the expanded battles.
Continue reading Notice to Seize!
Hmm. I really was blown away by this ruling. I have a feeling it won’t go down well with you either. (Unless, you are of the ilk that no government regulations are ever ok. And, then, shame on you!)
Continue reading Practice Made Perfect? (I think not)
I am sure you know that part of our services is to prepare payroll and tax submissions on behalf of clients. (Our fees are better than ADP and Paychex- and we go beyond simply providing you paychecks.). But, we also refuse to pay the taxes on behalf of our clients. A few of them are pretty annoyed- at first.
Continue reading In God We Trust. Everyone else…
Boy, was I surprised. Here I am advising all of you (but especially my clients) of all the changes that happened to affect tax filings this year. And, I missed one. A big one.
Continue reading Oops. Another Tax Change. That Affects Most of Us.
Come on! You’ve made it this far. There’s only one more after today’s blog!
Today, we’ll discuss the changes that the IRS has made in collecting overdue taxes, how we’ll be able (or not) to request (and be granted) extended payment plans, and the changes in the filing dates for some taxes.
Continue reading What Changes Affect My Tax Filing in 2017 (Part VI)
I apologize for the title of this blog. But, it was the only (relatively clean) expression I could use after seeing this document.
Continue reading Holy Crap!!!!
Many of my clients find themselves in deep trouble around 15 April. They have badly miscalculated (maybe I should use the word ‘misconstrued’) how much they will have to pay the IRS.
Continue reading And the fees go up…
