Latest From the Blog
Tax Tip of the Week | No. 333 | IRS Abandons Traditional Independent Contractor vs. Employee Test
For years, it has always been a struggle to determine whether a worker is an employee or an independent contractor.
Tax Tip of the Week | No. 332 | NSA Blasts Congress on IRS Cuts
According to the NSA, a House bill calls for an $838 million cut in 2016 from the 2015 budget of $10.9 billion, which is also $2.8 billion less than President Obama’s 2016 budget request. A Senate bill proposes a cut of $470 million.
Tax Tip of the Week | No. 331 | Additional Inflation Adjusted Tax Limits
The IRS has announced additional annual inflation adjustments for more than 50 tax provisions for 2016, including the tax rate schedules and other tax changes.
Tax Tip of the Week | No. 330 | The Future of Retirement Planning - Part 3
Some retirement policy reform plans have called for capping the amount that could be contributed pretax to retirement accounts. A Republican plan put forward in 2014, for example, would have disallowed contributions to traditional IRAs and removed income limits on Roth IRA contributions.