Overtime Rules Go Into Overtime
The fate of a Labor Department rule extending mandatory overtime pay to workers by doubling the eligible salary cap is uncertain under the new presidential administration. The rule introduced [...]
2017 Taxes; Standard Mileage Rates
The IRS recently announced mileage rates to be used for travel in 2017. The business mileage rate decreases by 0.5 cents while medical and moving mileage rates are lowered [...]
Seven Tax Tips for a Better 2017
New Year's resolutions are notoriously easy to make, but hard to follow. With that in mind, here are a few ideas worth trying this year: Pay yourself first. This [...]
When Converting to a Roth Makes Sense
Virtually anyone with a qualified retirement savings account can convert funds into a Roth IRA. A Roth is different from other retirement accounts in that contributions come from after-tax [...]
Know Your Audit Risk 2017
Nearly every taxpayer can imagine a worst-case scenario where they run afoul of the IRS and are selected for an audit. Here are a few areas that tend to [...]
2017 Tax Filing Season Begins Jan. 23 for Nation’s Taxpayers, Tax Returns Due April 18
IR-2016-167, Dec. 9, 2016 WASHINGTON ― The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 23, 2017, and reminded taxpayers claiming certain tax [...]
7 Tips to Avoid Tax Season Stress
We are humans and unlike computers we have a limited capacity to retrieve and recall information. So let’s not depend a lot on our memory when it’s about keeping [...]
5 Tips When Considering Filing a Tax Extension
Let’s be realistic for a moment. It’s quite possible that people who haven’t yet started doing their taxes might not be able to finish by 15th April, 2015. There [...]
11 Tax Deductions for Homeowners
“There are certain deductions that can be claimed by homeowners only,” says John Gregory EA, tax practitioner and founder of 1040Return.com. “If you have taken out a homeowner’s loan, [...]