IRS Announces Erroneous Failure-to-Deposit Penalties Will Be Resolved


By Jim Gilboy

This spring’s tax season was extended to April 18 because of a holiday (Emancipation Day) in the District of Columbia. While many of us believed ... read more >

Business, or Hobby? Report Claiming IRS Has Been Delinquent in Reviewing Hobby Losses Issued


By Dennis Mowrey

The Treasury Inspector General for Tax Administration has issued a report and found that the IRS has been delinquent in reviewing “hobby losses” ... read more >

1040NR Update: Student Issues Yet to be Resolved

It came to light recently that thousands of international students were receiving notices about their 1040NR tax return for 2015. Instead of receiving ... read more >

1098-T Change in Reporting Requirements Pushed Back to the 2017 Filing Year

Prior to the passing of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) in December 2015, educational institutions had the option on Form ... read more >

Salaried Employees: Big Pay Raise on the Horizon?

We’re expecting the U.S. Department of Labor’s (DOL) proposed revisions to the Fair Labor Standards Act (FLSA) to be finalized as soon as May ... read more >

The Key to Financial Health

The path to financial health shares many similarities with the path to physical health. Perhaps the most important shared trait between the two is that ... read more >