Newsletters
CHANGING IRS AUDIT RULES FOR PARTNERSHIPS
Posted September 2017
In an effort to make IRS examinations of partnership returns (Form 1065) more cost effective for the
government, Congress included new partnership audit rules in the Bipartisan Budget Act of 2015. These
new rules are scheduled to be effective for partnership tax years beginning after 2017.
Say Goodbye to the College Tuition Deduction
Posted September 2017
Congress decided not to extend this $4,000 deduction for 2017, leaving many parents worried that college will now be more expensive.
However, Congress left in place two popular education credits that may offer a more valuable tax break:
Avoid These Common Tax Mistakes
Posted September 2017
There are nearly 1,000 different tax forms used by the IRS to report tax obligations. It’s no wonder the IRS faces thousands of tax returns with errors each year.
Here are some of the most common:
Contractor or Employee? Knowing the difference is important
Posted September 2017
Is a worker an independent contractor or an employee? As an employer, getting this wrong could land you with an IRS audit and cost you plenty in many other ways.
Here’s what you should know: