IRS Releases Final and Proposed BEAT Regulations
The IRS has issued final and proposed regulations implementing the
base erosion and anti-abuse tax (BEAT) under Code Sec. 59A. The
BEAT is a minimum tax that certain large corporations must pay on
Final Regulations on Calculation of UBTI Issued
The IRS has released final regulations that present guidance on how
certain organizations that provide employee benefits must calculate
unrelated business taxable income (UBTI) under Code Sec. 512(a)....
FAQ: Does filing my tax return early make sense?
Although individual income tax returns don't have to be filed until
April 15, taxpayers who file early get their refunds a lot sooner.
The IRS begins accepting returns in January but does not start
What's new this tax season on 2008 returns?
While 2009 holds great promise for new tax relief to help
individuals and businesses recover from the current economic
crisis, one of the first orders of business for all taxpayers in
the New Year is ...
Jumpstarting the 2009 tax year
Happy New Year! As 2009 gets underway, and you prepare for the 2008
filing season, it's important not to overlook a number of valuable
tax planning opportunities that apply right away to the 2009 tax
Tax tips in a falling stock market
In a period of declining stock prices, tax benefits may not be
foremost in your mind. Nevertheless, you may be able to salvage
some benefits from the drop in values. Not only can you reduce your
How Do I? Calculate self-employment taxes?
Individuals with $400 or more of net earnings from self-employment
must pay self-employment tax, in addition to any income tax imposed
on the same income. This article can help you estimate any
Vehicle tax credits: Not just for hybrids anymore
Move over hybrids - buyers of Volkswagen and Mercedes diesel
vehicles now qualify for the valuable alternative motor vehicle tax
credit. Previously, the credit had gone only to hybrid vehicles.
FAQ: Should I borrow from my 401(k)?
The flagging state of the economy has left many individuals and
families to cope with rising gas prices and food costs, struggle
with their mortgage and rent payments, and manage credit card debt
How to pay off your tax debt
Often, individuals end up with an unexpected tax liability on April
15. There are several options available to pay off your tax debt,
stop accruing penalties and interest and secure peace of mind.
How do I? Compute bonus depreciation
The American Recovery and Reinvestment Act of 2009 (2009 Recovery
Act) extended the 50-percent additional first-year bonus
depreciation allowed under the Economic Stimulus Act of 2008,
providing a gen...
FAQ: When does a gift require a gift tax return?
If you've made, or are planning to make, a big gift before the end
of 2009, you may be wondering what your gift tax liability, if any,
may be. You may have to file a federal tax return even if you do
FAQ: What kinds of moving expenses are deductible?
Only "qualified moving expenses" under the tax law are generally
deductible. Qualified moving expenses are incurred to move the
taxpayer, members of the taxpayer's household, and their personal
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