…than anticipated due to gathering information from others, nuances in the law, varying due dates, and the new Internal Revenue Service (IRS) e-file requirements. There are savings opportunities available (proper…
…conforms its tax laws to the Internal Revenue Code (“IRC”). Conforming to the IRC essentially means that states uses federal income or taxable income (“Federal taxable income”) as the starting…
…used in a trade or business during calendar year 2021 File Form 1096 and Forms 1099-NEC, Copy A, with the Internal Revenue Service Attorneys’ fees for services of $600 or…
…consider. An overview of Internal Revenue Service (IRS) tax tips and other tax planning considerations specific to newly married couples is provided below. Name and address changes Name.When a name…
…delivered by Chief Justice Roberts stating the premium tax credits offered under Sec. 36B of the Internal Revenue Code (IRC) are not to be limited to taxpayers residing in a…
…similar platforms deductible? The Internal Revenue Code provides that charitable contributions (subject to certain limitations not discussed here) made to a “qualified charity” as defined by IRC section 170(c) may…
…strict guidelines, it runs the risk of the revenue being subject to tax as advertising revenue. A good due diligence procedure is to have your finance and tax professionals review…
…in compliance with the regulation: the greater of up to 20 million euros (approximately $24.8 million as of mid-April 2018) or 4% of the company’s prior-year revenue. In addition, slightly…
…also required to be sent to the Department of Revenue regarding the names, addresses, amount of purchases and other information that will enable the Department of Revenue to pursue the…
Individuals and Businesses Need to File Form 8300 for Large Cash Transactions The Internal Revenue Service (IRS) has issued a reminder for individuals and businesses receiving more than $10,000 in…
…$600 or more for services used in a trade or business during calendar year 2020 File Form 1096 and Forms 1099-NEC, Copy A, with the Internal Revenue Service Attorneys’ fees…
…issue resulting from the Act is the nearly $80 billion in funds appropriated to the Internal Revenue Service. A growing concern is that these funds will be used to increase…