Starting in January, the IRS will begin treating automatic gratuities as wages which are subject to payroll tax withholding. Many restaurants add the automatic gratuity to large groups to ensure the server is tipped...more
On June 26, the United States Supreme Court ruled a portion of the Defense of Marriage Act (DOMA) was unconstitutional. A full explanation of the article is available on a prior post. Experts in the tax realm have mixed views...more
We expected it would happen, and now the time has come. The IRS has sent out furlough notices to the entire IRS workforce notifying employees that the IRS will shut down completely on the following days: May 24, June 14, July...more
The April 15th deadline for federal individual income tax returns is less than a week away, meaning lots of people who haven't filed yet are scrambling to finish (or file for an extension). Rushing to get the return filed can...more
Unfortunately there is not a sci-fi theme video to spread the word on the Dirty Dozen (though there is a short YouTube video on the topic). Here are the most common tax scams the IRS wants you to be aware of during tax...more