Well, my headline may overstate a little bit the subject matter of a new publication by the Internal Revenue Service. Recently, the IRS issued Publication 15-B, Employer’s Tax Guide to Fringe Benefits. (Click here for full ...
HM&M Accounting, Audit and Assurance, & Tax Blog
By my rough calculation, the 2016 spring tax busy season for 2015 returns is about 5 percent longer than most years. Here’s how I got my number. First, the late, great Bill Morgan used to ...
The Internal Revenue Service completed yesterday the release of its annual “Dirty Dozen Tax Scams.” Some are perennial chart toppers. I list the Dirty Dozen in order of the IRS ranking. #1– Identity theft. I ...
The Internal Revenue Code has about 3.7 million words. How many times is “love” mentioned in the Code? Zero. How often does “romance” appear in the Code? Not at all. Is “affection” ever used in ...
Remember Mo Vaughn? Big man and big hitter. American League MVP in 1995 with the Red Sox. Mo had his best year in 1996, when he hit for a .326 average, played in 161 games, ...
Mrs. Maultsby is a well-respected family law attorney. She has seen a lot of strange cases in which love has gone sour. I don’t think she has seen one quite like this. Lewis Burns and ...
Last week, the IRS announced the 2016 optional standard mileage rates for Business, Medical and Moving. The rates are less than 2015. The IRS conducts a study each year of the fixed and variable costs ...
Kiplinger recently released its 2015 survey about states and their relative tax-friendliness to retirees. Of course, one quickly focuses on the absence or presence of a state income tax. That is definitely a factor in ...
Several years ago – before the estate tax exemption was raised to $5,120,000 for 2012 and increasing each year thereafter (so far) ($5,430,000 per individual in 2015), Congress designated the third week in October as ...
Okay, it’s not the best rip-off of Shakespeare. I thought about calling this blog “Be Careful What You Ask For.” This installment addresses some proposed regulations that came out last week. Every year, we at ...
The Statistics of Income Program of the IRS released some interesting information last week in Publication 4801, “Individual Income Tax Returns Line Item Estimates, 2013.” (OK, I find it interesting. I never said I wasn’t ...
Recently, The Kiplinger Tax Letter published on its website “15 Audit Red Flags.” I set them out below – some verbatim and some paraphrased. The snarky comments are mine. Making a lot of money. If ...