Tax Payer

IRS to Scale Back the Offshore Voluntary Disclosure Program

The Internal Revenue Service (IRS) recently announced that the Offshore Voluntary Disclosure Program (OVDP) will officially end on September 28, 2018. [...]

Form 1120S – Everything you need to know!

‘Tis the season of tax filing and any & all information about it is valuable. There is a lot that’s said about individual tax forms. So, let’s [...]

How to legally structure and set up multiple businesses?

Every entrepreneur has a consistent, common trait: their love for hustle, and an uncanny ability to not put up with anything rubbish. They’re doers by [...]

6 Questions to Ask Before Filing Your Own Taxes

Are you venturing out into the tumultuous terrains of tax-filing? As April inches closer, you are probably feeling everything between uncertainty and rage. [...]

How to qualify for child tax credit in the US?

Note: This article is valid for your taxes for 2017, i.e., filed under the April 2018 deadline. You can file tax online yourself or have your CPA do it for [...]

IRS warns taxpayers that prepaying property taxes might not work

The IRS is warning taxpayers in new guidance issued Wednesday that they might not be able to deduct their prepaid 2018 property taxes on their 2017 [...]

11 new IRS Compliance Campaigns

IRS LB&I Division Announces Additional Compliance Campaigns: Earlier this year, the IRS's Large Business and International (LB&I) division adopted a [...]

Republican Tax Plan Has Huge Implications for Housing

Republican lawmakers unveiled the tax reform bill this morning and it doesn’t augur well for housing. The National Association of Realtors came out [...]

Details of tax reform legislation revealed

The House Ways and Means Committee released draft tax reform legislation on Thursday. The Tax Cuts and Jobs Act, H.R. 1, incorporates many of the provisions [...]

Tax credits for qualified plug-in electric vehicles make their lofty cost more palatable

Auto manufacturers have significantly increased their offerings of passenger autos that are propelled solely or significantly by electric power. Plug-ins [...]