Search Results

The wildfires, flooding, mudflows, and debris flows that started on December 4, 2017, in California resulted in a disaster declaration from FEMA (https://www.fema.gov/disaster/4353). The IRS has provi...

As you file your 2016 return, there are some new considerations. Here are 5 things you need to know. 1. Key dates for the filing season Mark your calendar for important dates impacting your 2016...

You can be taxed on “imputed interest” if you make an interest-free loan to a relative, or if you charge interest at less than the applicable federal rate (AFR) set by the IRS.  If you do not cha...

If you are reimbursed under an accountable plan, then reimbursements may be tax free. For example, if reimbursements for your mileage exceed the IRS standard mileage rate, then only amounts up to the ...

No. There’s a new question on the 2019 Schedule 1 asking: “At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” (...

As a result of the pandemic, Congress has created a number of payments and programs for individuals to help them financially. If you’ve received one or more of these payments or benefited from one o...

It's hurricane season! Did you know many taxpayers affected by disaster situations qualify for tax relief? When the President declares a federal disaster, the IRS issues a disaster announcement. The a...

Most of the talk about the American Taxpayer Relief Act of 2012, the fiscal cliff legislation just signed into law, has been about how it extends the Bush-era tax cuts to 2013 and beyond for most tax...

Typically, an employer reimburses employees for company travel and entertainment expenses. When they do so under an accountable plan, the reimbursements are not taxable to employees (or even reported...

More than one in four (26%) of adults in the U.S. have some type of disability and this increases to two in five for adults age 65 and older. They may receive disability-related income from the govern...