Knowing what to file and when to file it can make all the difference to the IRS. Talk to VEB CPA.
The IRS set the maximum values that limit use of the cents-per-mile and fleet-average valuation rules for employer-provided vehicles first made available to employees for personal use in calendar year 2018.
2018 Maximums for Valuing an Employer-Provided Vehicle Personal Use Read More »
IRS issues guidance for determining nondeductible amount of parking fringe expenses and unrelated business taxable income; provides penalty relief to tax-exempt organizations
Determining Nondeductible Amount of Parking Fringe Expenses Read More »
For private corporations and their employees, IRS provides initial guidance on new tax benefit for stock options and restricted stock units
IRS Guidance on New Tax Benefit for Stock Options Read More »
Wrongfully-incarcerated individuals, wishing to take advantage of the special retroactive tax exclusion, usually must file refund claims by Monday, Dec. 17, 2018, according to the Internal Revenue Service.
Wrongful Incarceration Exclusion Reminder Read More »
Low-income housing units nationwide may be offered to displaced victims of Hurricanes Michael and Florence, other recent disasters The Internal Revenue Service has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its territories to provide temporary
Low-income housing units offered to displaced victims recent disasters Read More »
If you use one of the many online platforms available to rent a spare bedroom, provide car rides, or to connect and provide a number of other goods or services, you’re involved in what is sometimes called the sharing economy.
Dealing in the Sharing Economy Read More »
When you hire someone to work in your home, you may become an employer. Thus, you may have specific tax obligations, such as withholding and paying Social Security and Medicare (FICA) taxes and possibly federal and state unemployment insurance.
4 Questions to Ask Before Hiring Household Help Read More »
Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you were essentially giving the government an interest-free loan for close to a year, which isn’t the best use of your
Get an Early Tax Refund by Adjusting Your Withholding Read More »
The Internal Revenue Service today said that it is ready to process tax year 2017 returns claiming three popular tax benefits recently renewed retroactively into law.
Popular Tax Benefits Retroactively Renewed for 2017 Read More »
Many Hurricane Victims Qualify for Earned Income Tax Credit; Special Method Can Aid Workers Whose Income Dropped The IRS is urging victims of last year’s hurricanes, especially those who lived in areas affected by Hurricanes Harvey, Irma and Maria, to see if they qualify for the Earned Income Tax Credit (EITC). According to the IRS,
Many Hurricane Victims Qualify Read More »