- Accounting Terms Crossword Puzzle Challenge
- You think you know your tax and accounting terms and are a fast puzzle solver? If yes, please take our challenge.
- Are you age 70 and a half or over and taking required minimum distributions (RMDs) from your IRA account?
- If you were 70.5 or older last year, you needed to take required minimum distributions (RMDs). Learn more to avoid penalties of up to 50%.
- IRS Clamps Down on Tax Credits
- In an effort to rein in tax fraud, which is costing the government billions of tax dollars, some new laws that take effect in 2016 will clamp down on individuals who have fraudulently claimed the American Opportunity Tax Credit (AOTC), the Child Tax Credit (CTC), or the Earned Income Tax Credit (EITC).
- Don't Overlook Standard Mileage Rate Add-Ons
- Business owners often use the standard mileage rate instead of actual expenses when taking a deduction for the business use of their vehicle. The standard mileage rate is determined annually by the IRS by using data from a study conducted by an independent contractor of vehicle operating expenses based on the prior year's costs. The operating expenses include:
- Maximizing Your Affordable Care Act Insurance Supplement
- If you are getting your health insurance through a government Marketplace, you should be aware of several issues that can adversely affect the amount of financial assistance you receive to help pay for the insurance.
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