On December 19, the President signed tax extenders, penalties and the ABLE Act Bill — the Tax Increase Prevention Act of 2014 (HR 5771), which extends most of the expiring provisions [...]
In general, beginning January 1, 2015, large employers must offer health coverage — employers with at least 100 full-time and full-time-equivalent employees must offer affordable health [...]
Individuals can deduct certain expenses as miscellaneous itemized deductions that they incur in the course of their employment. Generally, qualified business expenses are un-reimbursed expenses [...]
Frequently, taxpayers think that gifts of cash, securities or other assets they give to other individuals are tax deductible and, in turn, the gift recipient sometimes thinks income tax must be [...]
If your business has a health insurance reimbursement plan, be very cautious. The IRS, earlier this year, cautioned employers of the consequences when an employer reimburses its employees for [...]
If you’re one of those people who likes to be prepared for the next year — you’re in luck! A 2015 Pocket Tax Guide is now available and gives you all the details about the tax [...]
If you didn’t have health insurance coverage this year, you may be subject to a penalty unless you qualify for one of the many general or hardship exemptions. There are in excess of 30 possible [...]
