On August 14, 1935, President Franklin D. Roosevelt signed into law the Social Security Act. Today, Social Security provides benefits to about one in five U.S. residents, including retirees, people with disabilities, young children whose ...
HM&M Accounting, Audit and Assurance, & Tax Blog
The IRS funding was down in fiscal year 2015 about 17 percent from fiscal year 2010 on an inflation-adjusted basis. In addition to its normal duties involved in collecting about 93 percent of Federal revenues, ...
Dictionary.com says that to multitask is “to perform two or more tasks simultaneously.” It might also be described as performing tasks sequentially, switching among tasks before the task at hand is finished. Anyway, I’ve always ...
Got your attention, didn’t I? Katy Perry graced the cover of the July 20, 2015 edition of Forbes. In the magazine’s annual survey, she was named the highest earning entertainer with estimated earnings of $135 ...
A while back, I commented in my blog about a rumored movie in the making that stars Ben Affleck as an accountant with a sideline business – hit man. The movie doesn’t seem to ...
Last week, presidential candidate Jeb Bush released his income tax returns for the last thirty-three years. News outlets sliced and diced the returns to analyze his income, his tax payments, and the significant wealth he ...
In the best of all possible worlds, our clients would always consult with us as part of the process of planning a transaction. When that does not happen and the tax consequences of the transaction ...
The Internal Revenue Service (IRS) recently updated its Audit Technique Guide (ATG) for Nonqualified Deferred Compensation (NQDC) plans. An NQDC plan is an elective or non-elective plan, agreement, method, or arrangement between an employer and ...
The Texas Comptroller just released a “50-State Scorecard” that compiled from many different sources a list of 26 different measures involving business climate, tax burdens, entrepreneurial activity, unemployment, population characteristics and more. You can find ...
The U.S. government has become increasingly concerned about, and focused on, offshore tax evasion. One tool the government has to combat tax evasion is the Report of Foreign Bank and Financial Accounts (FinCEN Report 114, ...
The IRS announced last week that criminals had attempted to access about 200,000 accounts in its Get Transcript online application and successfully obtained information from about 100,000 of those accounts. About 23 million taxpayers used ...
Today, the Centers for Medicare and Medicaid Services (“CMS”) announced that approximately 800,000 taxpayers who received health care coverage through theHealthcare.gov were sent wrong information on their Forms 1095-A. The “second lowest cost Silver plan” ...