News Releases | Industry Updates
The IRS has issued guidance providing additional details about investment in qualified opportunity zones.
Don’t file and forget your tax return - use it to develop a financial plan! Find out more about the AICPA’s free webcast happening April 25th.
The IRS has released a Fact Sheet outlining the components and related details of the section 199A deduction, also known as the qualified business income deduction. Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S-corps, trusts and setates may be eligible for this deduction.
Tax-related identity theft occurs when a thief uses someone’s stolen Social Security number to file a tax return and claim a fraudulent refund. The victim may be unaware that this has happened until they e-file their return.
Thanks to these recent substantial contributions by State Farm and other organizations such as Kaiser Permanente, MultiCare Health Systems, and the Clay Art Center, Arivva has gained momentum in its efforts to bring hope and opportunity to young adults in Parkland.
April 15, 2019, is the deadline to file your annual Report of Foreign Bank and Financial Accounts (FBAR).
Experts provide tips on paying down debt, saving for retirement and staying current on car payments.
In Revenue Ruling 2019-11, the IRS provided four examples illustrating how the long-standing tax benefit rule interacts with the new SALT limit to determine the portion of any state or local tax refund that must be included on the taxpayer’s federal income tax return.
Beginning May 13, 2019, the EIN application process is revised by disallowing the use of an EIN as a responsible party’s TIN on Form SS-4. The change will prohibit entities from using their own EINs to obtain additional EINs.
Overall new business volume for February was $5.9 billion, down 24 percent year-over-year from new business volume in February 2018. Volume was down 18 percent month-to-month from $7.2 billion in January.
In the vast world of property management, whether you’re managing AirBnBs, long-term rentals, or temporary stays, the software with which you management your business can make all the difference in the level of success that you achieve.
The Doty Group has recently welcomed Tax Supervisor David Volkert to the team. David's focus is in taxation with a specific expertise in state and local tax (SALT).
Reviewing withholding is especially important if people did a Paycheck Checkup in 2018 and adjusted their withholding during the middle or late in the year. Another review early this year can help make sure they’re having the right amount withheld for the rest of 2019.
Anyone with a traditional IRA may be eligible for a tax credit or deduction on their 2018 tax return if they make contributions by April 15, 2019.
Kicking off the annual “Dirty Dozen” list of tax scams, the Internal Revenue Service today warned taxpayers of the ongoing threat of internet phishing scams that lead to tax-related fraud and identity theft.
Her presentation provided a “focus on the unique aspects of business valuation in the context of marital dissolution — the applicable standard of value, what methods should be used, what methods should be avoided, and why.”
In the latest ‘Tax Tips’ update released by the IRS, they provided some valuable insight on methods to keep your data safe from cyber criminals. Most commonly, thieves are using data they steal to file fake tax returns or commit crimes while impersonating their victims. Below are the steps that the IRS has shared.
The IRS works with local community groups to certify thousands of volunteers who are trained in the latest tax law. Eligible taxpayers should consider taking advantage of these free programs. This includes people with disabilities and people who speak limited English. Here are some additional details about these two programs.
Running out of money is the top financial concern of clients planning for retirement, cited by 30 percent of CPA financial planners. This reflects an improvement from the AICPA’s 2016 survey, which found 41 percent of clients listing it as a top concern.
The Doty Group would like to congratulate several members of our team on their promotions within the firm!