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Round up all receipts and canceled checks, such as those from charities; check your latest brokerage statements for year-to-date gains or losses; make a checklist of accounts to keep track of the 1099s, if any, when they arrive in a few months; and get medical receipts and insurance reimbursement forms in order. If you start…
The Internal Revenue Service’s Office of Appeals has improved its compliance within its Collection Due Process program, although some taxpayers are still misclassified and receive the wrong type of hearing, according to a new report. READ MORE NOW
Inflation-adjusted tax brackets are anticipated to go up a bit next year, according to a pair of new reports, but that could reduce the tax burden for many taxpayers. READ MORE NOW
Go for the gap — and do the opposite from the market leader before anyone else does. Business strategy — especially when it involves case studies from business schools — is always written with the benefit of hindsight and often with a very broad brush. It’s like the plot of an old-fashioned thriller in which the good…
Defined benefit plan participants will have greater flexibility in choosing how to receive their pension benefits under final regulations issued by the IRS (T.D. 9783). The regulations finalized proposed rules issued in 2012 that permit participants to elect to receive split benefits of monthly annuity payments together with a lump-sum payout without disqualifying the plan.…
Under the Affordable Care Act starting in 2018, a tax on insurance companies that provide high-cost plans. This tax encourages streamlining of health plans to make premiums more affordable.