Volunteering For Charity: Do You Get A Tax Break?
If you are a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount
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It Is A Good Time To Buy Business Equipment & Other Depreciable Property
There is good news about the Section 179 (Sec. 179) depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate
The ‘Nanny Tax’ Must Be Paid For More Than Just Nannies
You may have heard of the ‘nanny tax,’ but even if you do not employ a nanny, it may apply to you. Hiring a housekeeper, gardener, or other household employee
If Your Kids Are Off To Day Camp, You May Be Eligible For A Tax Break
Now that most schools are out for the summer, you might be sending your children to day camp. It is often a significant expense. The good news: you might be
You May Have To Pay Tax On Social Security Benefits
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may
Donating Your Vehicle To Charity May Not Be A Taxwise Decision
You have probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. However, be aware that donating
2019 Q3 Tax Calendar: Key Deadlines For Businesses & Other Employers
Included below are some key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list is not all-inclusive, so there may
In Pursuit Of Global Tax Transparency
In today’s global economy, multinational corporations engage in numerous cross-border transactions. But how they report those transactions is often vague. To help reduce stakeholders’ exposure to potential hidden risks, the
The Chances Of IRS Audit Are Down But You Should Still Be Prepared
The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined as compared with prior years. However, even though a small percentage
June 17
Individuals: If you are not paying your 2019 income tax through withholding (or will not pay enough tax during the year that way), pay the second installment of your 2019