With the end of the 2010 tax year rapidly approaching, there is only a limited amount of time for individuals to take advantage of certain tax savings techniques.
A small, but important, component of the health care reform bills passed earlier this year…..
As the end of 2010 quickly approaches, individual taxpayers should start to execute valuable year-end tax strategies.
As part of the 2010 health care reform law, people up to age 26 can now get covered by their parents’ health insurance policies.
The U.S. Treasury has adopted a new initiative to dramatically increase the number of electronic transactions for millions of citizens and businesses. It is expected to save more than $400 million and 12 million pounds of paper in the first five years alone.
The HIRE Act (Hiring Incentives to Restore Employment Act) has included several provisions to increase foreign compliance.
A 1099-MISC is an information return that is used to report miscellaneous income.
On February 1, 2010, the Treasury Department released General Explanations of the Administration’s Fiscal Year 2011 Revenue Proposals (“Green Book”), which provides a description of the Obama Administration’s budget proposals affecting revenues.
No, you won’t have to pay taxes on health insurance paid by your employer!
But there is a new reporting requirement included in the new health care law that requires health insurance premiums to be reported on an employee’s W-2. Current law excludes health insurance from taxable income, and nothing has changed this tax-free employee benefit.
By now, it should come as no surprise that nonprofit governance is high on the list of IRS interest areas. This interest has, of course, been spurred on by Senate Finance Committee hearings and some highly publicized exempt organization governance failures which helped to put a black mark on the entire nonprofit sector.