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Tax Alerts

  • 2/4/2016

    Household Employees

    Have you hired someone to assist you with household work such as babysitting/hiring a nanny, house cleaning, yard maintenance, medical assistance, or chauffeuring? If this person is considered your employee, you may have additional tax reporting and employment taxes that need to be paid.

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  • 1/19/2016

    Tax Return Identity Theft Continues and Grows

    Tax identity theft was the largest form of identity fraud reported to the Federal Trade Commission in 2014 and it continues to grow.

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  • 1/14/2016

    Foreign Asset and Bank Account Reporting

    As in prior years, the U.S. government continues to require foreign financial institutions to report foreign accounts of US persons and continues to require annual reporting of foreign financial assets and foreign bank accounts by US persons. There continues to be rigorous enforcement of significant penalties if the reporting is not done.

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  • 1/6/2016

    ACA Reporting Due Dates Extended

    The IRS has just extended the ACA Reporting Due Dates, since they have determined additional time is needed to adapt and implement systems and procedures to gather, analyze and report this information.

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  • 12/22/2015

    New Tax Law for 2015 & Standard Mileage Rates

    Finally, we have a new tax law which was signed into law on December 18, 2015. Many tax provisions that expired on December 31, 2014 were made permanent or extended for 2 or 5 years. Now there is some certainty for tax planning and hopefully, some economic stimulus.

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