Month: March 2015

IRS Voluntary Disclosure Regime Expands Maximum Penalty Bracket

The IRS recently announced an expansion of the list of banks and advisors that trigger the highest penalty bracket within its Offshore Voluntary Disclosure [...]

Big Changes on the Way for Nonprofit Accounting

The Financial Accounting Standards Board is getting ready to unveil a set of proposals that could have a major impact on the way nonprofit organizations [...]

Feds Push Special ACA Enrollment and Warn of Tax Penalties

In a last-minute push before a special enrollment began, officials from the Centers for Medicare and Medicaid Services and Treasury Department Friday wanted [...]

Do you want a big tax refund or bigger paycheck?

Americans may hate the annual tax-filing season, but they certainly welcome the refunds that are issued each year. In fact, more than half of those who [...]

How Taxes Should Affect an Investor’s Asset Allocation

<p> Taxes are an important but often overlooked consideration for investors with taxable portfolios. Taxes should affect the asset-allocation strategy [...]

Taxpayers in Increasing Numbers Find Help from IRS.gov

<p> WASHINGTON — As taxpayers are preparing their returns, they continue to turn to the information and tools on IRS.gov, which can assist anyone [...]

What’s new in offshore tax compliance?

<p> Two financial institutions have been added to the 50% penalty list, and the IRS has made clear that streamlined compliance will require some effort [...]

Which Legal Fees Can You Deduct On Your Taxes?

<p> No one likes paying legal fees, but tax deductions make them a lot less painful. A combined 40% state and federal tax rate means $10,000 in legal [...]

How Taxes Should Affect an Investor’s Asset Allocation

<p> Taxes are an important but often overlooked consideration for investors with taxable portfolios. Taxes should affect the asset-allocation strategy [...]

Save money with recent IRA and 401(k) changes

<p> You might be able to save money with two out of the three recent IRA and 401(k) changes outlined here. The IRS ruled late last year that [...]