Month: February 2024

IRS Updates Per Diem Rates for Travel Away From Home

The IRS has provided the 2016-2017 special per diem rates...

IRS Gives Expanded Tax Relief to Victims of Hurricane Matthew; Parts of Four States Eligible; Extension Filers Have Until March 15 to File

Hurricane Matthew victims in much of North Carolina and parts...

New Private Debt Collection Program to Begin Next Spring; IRS to Contract with Four Agencies; Taxpayer Rights Protected

The Internal Revenue Service announced today that it plans to...

Teacher Entitled to Deductions for Home Office Used for Administrative Assignments

The Tax Court held that a physical education teacher, who...

Pastor’s Vow of Poverty Didn’t Insulate Him from Federal Income Taxes

The Tax Court held that although a pastor took a...

Proposed Regs Increase User Fees for Installment Agreements

The IRS has issued proposed regulations, effective beginning January 1,...

A Look at the Impact of New Federal Filing Deadlines

In an effort to minimize taxpayers' timing difficulties with filing...

Have A Household Employee? Be Sure To Follow The Tax Rules

Many families hire people to work in their homes, such...

How To Assess The Impact Of A Child’s Investment Income

When they’re old enough to understand the concepts, some children...

Are You Sure You Want To Take That 401(K) Loan?

With summer headed toward its inevitable close, you may be...