December 18, 2013
Steve Grgas
Blog Posts
0 CommentsStock held by an investor is a capital asset under the tax law. Gain from the sale of stock held for more than a year qualifies as long-term capital gain, taxed at a reduced rate (zero, 15 or 20 percent) compared to the rates that apply to ordinary income. To achieve these favorable rates, investors […]
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December 18, 2013Wayne NaegeleBlog Posts0 CommentsTaxpayers generally prefer to accelerate deductions to reduce their current year income and taxes. In some situations, the tax code’s accounting rules allow an accrual-basis employer to deduct a year-end employee bonus in the current year, even though the bonus will not be paid until the following year. A recent IRS Chief Counsel memorandum (FAA […]
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December 18, 2013Andrew PrestiBlog Posts0 CommentsHealth flexible spending arrangements (health FSAs) are popular savings vehicles for medical expenses, but their use has been held back by a strict use-or-lose rule. The IRS recently announced a significant change to encourage more employers to offer health FSAs and boost enrollment. At the plan sponsor’s option, employees participating in health FSAs will be […]
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December 10, 2013Sunny PakUncategorized0 CommentsShortly after resuming operations post-government shutdown, the IRS told taxpayers that the start of the 2014 filing season will be delayed by one to two weeks. The delay will largely impact taxpayers who want to file their 2013 returns early in the filing season. At the same time, the White House clarified on social media […]
Read moreDecember 03, 2013Wayne NaegeleBlog Posts, Resource0 CommentsAs an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of December 2013. December 2 Employers. Semi-weekly depositors must deposit employment taxes for payroll date November 23-26. […]
Read moreNovember 25, 2013Steve GrgasBlog Posts0 CommentsShortly after resuming operations post-government shutdown, the IRS told taxpayers that the start of the 2014 filing season will be delayed by one to two weeks. The delay will largely impact taxpayers who want to file their 2013 returns early in the filing season. At the same time, the White House clarified on social media […]
Read moreNovember 21, 2013Andrew PrestiBlog Posts0 CommentsThe arrival of year end presents special opportunities for most taxpayers to take steps in lowering their tax liability. The tax law imposes tax liability based upon a “tax year.” For most individuals and small business, their tax year is the same as the calendar year. As 2013 year end gets closer, most taxpayers have […]
Read moreNovember 04, 2013Steve GrgasArticles, Blog Posts, P&N News0 CommentsHow Successful Companies Hold On To Their Talent — And Why It’s So Important Sometimes you get lucky: you capitalize on a new technology, build a business, and within a few short years sell it for 126,315 bitcoins (+/- $11.4M), as Erik Voorhees did with SatoshiDice. The other 99% of entrepreneurs, unfortunately, spend much of […]
Read moreNovember 04, 2013Wayne NaegeleResource0 CommentsAs an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of November 2013. […] Read More As an individual or business, it is your responsibility to be […]
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