News Articles

02

June

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Warning! IRS Phone Scams

Warning! IRS Phone Scams Please be wary of any unsolicited phone calls or emails you get from individuals claiming to represent the IRS or the US Treasury. This is one of the biggest scams out there and is a crime of opportunity. Do not engage these callers, who often threaten to issue arrest warrants or … Continued

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07

May

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100% Deduction for Certain M&E Expenses

100% Deduction for Certain M&E Expenses Generally, businesses are limited to deducting 50% of allowable meal and entertainment (M&E) expenses. But certain expenses are 100% deductible, including expenses: • For food and beverages furnished at the workplace primarily for employees, • Treated as employee compensation, • That are excludable from employees’ income as de minimis … Continued

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22

April

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2015 Tax Planning Starts Now

2015 Tax Planning Starts Now Whether you filed your 2014 income tax return by the April 15 deadline or filed for an extension, you may think that it’s a good time to take a break from thinking about taxes. But doing so could be costly. Now is actually the time you should begin your 2015 … Continued

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08

April

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A net operating loss on your tax return isn’t all bad news

A net operating loss on your tax return isn’t all bad news When a company’s deductible expenses exceed its income, generally a net operating loss (NOL) occurs (though of course the specific rules are more complex). If you’ve found when filing your income tax return that your business had an NOL, there is an upside: … Continued

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02

April

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Filling a paper return? Understand the Timely Mailed Timely Filed Rule

Filling a paper return? Understand the Timely Mailed Timely Filed Rule The IRS considers a paper return that’s due April 15 to be timely filed if it’s postmarked by midnight on April 15. But dropping your return in a mailbox on the 15th may not be sufficient.  You need to understand the Timely Mailed Timely … Continued

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