Innocent Spouses and Tax Law
Seeking innocent spouse relief? Don't delay in filing your Tax Court petition. A woman who filed a joint return [...]
Benefit Plans
Planning to cash out a retirement plan account that has outstanding loans? You're taxed on the gross distribution, not [...]
Casualty Losses
The new tax law eliminated the write-off for personal casualty losses... Except for those incurred in presidentially declared disaster [...]
2018 Tax Law: Small Business Changes and Information
Accounting for inventory will be easier for many small businesses. Fewer firms will have to capitalize inventory production costs, [...]
2018 Tax Law: Cash Method of Accounting
More companies are now able to use the cash method of accounting, thanks to the Dec. 2017 tax package. [...]
Tax Deductible Charity Contributions
Want to find out more about a charity that you're considering donating to? Check out IRS's new online tool. [...]
2018 Tax Law: Employee Retirement Plan Compliance
The Service has opened up a new employee plan compliance project. It's eyeing 401(k)s that report multiple participants on [...]
2018 Tax Law: Relaxed 401(k) Rules
Take note of this easing for 401(k) plan borrowers. The new tax legislation gives employees who borrow from their 401(k) [...]