Oops, Did You Forget Something on a Tax Return?
If you have already filed your tax return and overlooked an item of income or forgot to claim a deduction or credit, it is not too late! An amended return … Continued →
Tax Updates: Notice 2015-82
Increase in De Minimis Safe Harbor Limit for Taxpayers Without an Applicable Financial Statement Notice 2015-82 increases the de minimis safe harbor limit provided in § 1.263(a)-1(f)(1)(ii)(D) of the Income … Continued →
What Are the IRS Rules on Donating Clothing and Furniture to Get a Charitable Deduction?
The IRS allows taxpayers with a charitable inclination to take a deduction for a wide range of donated items. However, the IRS does provide specific guidelines for those taxpayers contributing … Continued →
To Tax or Not To Tax – Dealing with Sales Tax in a Creative Services Environment
Once the revelry of celebrating the New Year has ended and confetti has been swept up, that nagging thought rolls around once again. Taxes. Hopefully the prior year’s planning has left … Continued →
Six Tips for an Efficient Plan Audit
Have appropriate people available (e.g., trustee, representative with power of attorney, record keeper, actuary, employer personnel) Plan documents, including amendments, summary plan description, etc. (include all prior versions requested) Opinion … Continued →