Tag: IRS
Administration announces 90-day delay for many tax payments
WASHINGTON (AP) – The Trump administration says individuals and businesses will be allowed to delay paying their 2019 tax bills for 90 days past...
Managing purchase costs
(Editor’s note: The is the second of a two-part column on deducting the costs of buying a business. See part I here.)
So-called bright line...
New tax regulations for pass-through entities
(Editor’s note: This is part 1 of a two-part column on new tax regulations for pass-through entities. See part 2 here.)
As a result of...
Scituate businessman pleads guilty to evading paying $428,700 in federal taxes
PROVIDENCE – A Scituate businessman, who prosecutors say claimed he was not a United States citizen on his tax forms and that his earnings...
Average tax refunds about $3K as filing season hits midpoint
NEW YORK - The IRS has sent out 3.3 percent fewer tax refunds so far this year, but the average refund size continues to...
IRS Looks for Ways to Squelch N.Y., Connecticut SALT Workarounds
NEW YORK - The Internal Revenue Service is considering issuing rules that could invalidate some of the last remaining strategies in New York and...
New rates for tax planning in 2019
The first part of this column outlined some of the new tax rates released by the IRS and Social Security Administration. Below are more...
New rates for tax minimization planning
Early in the year is the best time to begin planning to minimize your income tax liability. The IRS and the Social Security Administration...
Improve EITC to help the poor
For U.S. workers, the tax system acts as an important equalizer. If you earn enough, you pay your share. But if you earn very...
Tax overhaul changes haven’t deterred charitable giving
For Lynn O’Marra, Blum, Shapiro & Co. PC tax principal, 2018 stands out in her nearly 25-year tenure in the industry as a memorably...