Have you wondered whether you actually need to have a professional accountant? Here are 5 signs that confirm you do: 1) You earn over $200,000 per year – Your odds of being audited once you start earning over $200,000 a year increases to nearly 4%. While this may not seem like a large number, it’s […]
The Social Security Administration (SSA) has revised the wage base for 2018. The Social Security wage base is $128,400 for 2018 and not $128,700 as previously reported by the SSA. The wage base for 2017 is $127,200.
Just as efforts to meet the Form W-2 deadline at the end of January get into full tilt, scamsters are at it again. The IRS has issued its fourth reminder for “National Tax Security Awareness Week” urging taxpayers to avoid identity theft by watching out for W-2 email scams that often surge during filing season.
Technical corrections to the partnership audit rules were included in the bipartisan Consolidated Appropriations Act (CAA), 2018 ( P.L. 115-141), which was signed by President Trump on March 23. The omnibus spending package, which provides funding for the government and federal agencies through September 30, contains several tax provisions, including technical corrections to the partnership audit […]
Though most of the attacks making headlines are those aimed at large organizations or political groups, roughly a third of all data security breaches in the last few years have occurred in the health care industry. Of these, employee error caused three times as many breaches as external attacks. In addition, more than half of […]
1) The word “Tax” comes from the Latin “Taxo” which means “I estimate”. 2) The Federal tax code was 400 pages in 1913 – in 2010…it was 70,000 pages 3) The number of words in “Atlas Shrugged” is 645,000. The Bible has approximately 700,000 words. The number of words in the Federal Tax Code is […]