Author Archive: S.R.

rss feed

When Are Entertainment Expenses Deductible?

When Are Entertainment Expenses Deductible?

According to the IRS, to be deductible, a business expense must be both ordinary and necessary.

IRS Now Accepting Renewal Applications for ITINs Set to Expire by End of 2017

IRS Now Accepting Renewal Applications for ITINs Set to Expire by End of 2017

WASHINGTON — The Internal Revenue Service is now accepting renewal applications for the Individual Taxpayer Identification Numbers (ITINs) set to expire at the end of 2017. The agency urges taxpayers affected by changes to the ITIN program to submit their renewal applications as soon as possible to avoid the rush.

Winter Storm Extension: Many Businesses Have Extra Time to Request A Six-Month Extension

Winter Storm Extension: Many Businesses Have Extra Time to Request A Six-Month Extension

The Internal Revenue Service today granted many businesses affected by this week’s severe winter storm additional time to request a six-month extension to file their 2016 federal income tax returns.

IRS Recaps “Dirty Dozen” List of Tax Scams for 2017

IRS Recaps “Dirty Dozen” List of Tax Scams for 2017

Each year, the Internal Revenue Service issues a list of the top 12 tax-related scams it sees throughout the year. The IRS “Dirty Dozen” highlights various schemes that taxpayers may encounter anytime, many of which peak during tax-filing season.
Taxpayers need to guard against ploys that steal their personal information, scam them out of money or talk them into engaging in questionable behavior with their taxes.

Top