Article on Deducting Business Meals in 2018
AICPA article on deducting business meals under the new tax law
Archive of entries posted by Reuven Rubinson
Passport Cancellation Program – IRS
Beginning the week of January 22, 2018 the IRS will begin certifying Seriously Delinquent Taxpayers (SDT) that owe more than $51,000 (amount adjusted for CPI annually) and the taxpayer is not working with the IRS to settle the debt with the IRS. Taxpayers will begin receiving the first round of CP508C notices around February 19 …
Are 2018 property taxes paid in 2017 deductible?
IRS: 2018 property taxes deductible if assessed and paid in 2017 – Says the headlines, but you really need to look closer. Here are 2 examples that the IRS gives and the 2nd one says the property taxes are not deductible The following examples illustrate these points. Example 1: Assume County A assesses property …
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Increase in standard deduction
The new tax bill increases the standard deduction to $12,000 for individuals and $24,000 for married couples. As a result, some taxpayers may wish to accelerate their itemized deductions into 2017 because they will no longer be able to itemize in 2018. In addition, in the future, grouping your deductions into one year and taking …
CCleaner hacked 2017-09-17
If you are using CCleaner should update to version 5.34 right away. http://start.att.net/news/read/category/News/article/bgr-hackers_hid_a_backdoor_in_a_security_app_that_has-rpenskemc
PayPal Phishing e-mail – Another reason not to click on links in emails
Paypal phishing e-mail . I don’t know how many times I have said this, but NEVER EVER click on a link in an email you receive even if you know who the person or company is. If it’s a company, go to your web browser and open up the company website and sign in …
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Beware of fake IRS notices
I’ve previously posted to ignore any threatening phone calls allegedly from the IRS. We are now becoming aware of a scam where people are sending out fake IRS notices requesting money. You need to talk with a tax professional before you answer any IRS notice Fake CP 2000 Notice
I will be speaking tomorrow at noon on ESPN radio 1700 with Eran Sinai about the various scams that are out there from people purporting to be calling from the IRS and phishing emails.
Please listen in on Monday afternoon, February 22, from noon until 1 PM as we discuss the topics I’ve been posting on and much much more. https://www.facebook.com/ESPN1700/?pnref=story.unseen-section
Health Care Information for Individuals for filing their 2015 tax returns
The IRS has announced that it will allow taxpayers to file their 2015 tax returns, even though they may not receive their Health Care information, and will not have to will file an amended return if there are discrepancies, as long as they rely on other reasonable sources. IRS Notice 2016–4 states “Nonetheless, some employees …
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Additional information employee versus independent contractor
There is a previous post in which I discuss whether anyone could be an independent contractor, given the current governmental “push” to reclassify them as employees. Now the Department of Labor has come out with the new interpretation in which they are moving away from the 20 point test that has been used for years. …
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