tax exclusion
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New final regulations about estate tax exclusion amounts

WASHINGTON — The Treasury Department and the Internal Revenue Service today issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not…
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71% of Businesses Say They Will Offer Bonuses or Incentives in 2020

Companies are going beyond providing traditional health benefits to address employees' well-being, finds a survey from global staffing firm Robert Half. In research conducted for the Robert Half 2020 Salary Guides, most employers said they…
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Health Insurance Open Enrollment Season: 5 Questions to Ask

Health insurance is a critical part of any financial plan. And while it’s tempting to just keep whatever coverage you had last year, doing so may come with a substantial financial downside. For many Americans, the open enrollment season, which…
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2 million ITINs set to expire in 2019; to avoid refund delays apply soon

WASHINGTON —Taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) can get their ITINs renewed more quickly and avoid refund delays next year by submitting their renewal   application soon, the Internal Revenue Service…

IRS recommends business owners e-file payroll tax returns

WASHINGTON — With the Oct. 31 quarterly payroll tax return due date just around the corner, the Internal Revenue Service today urged business owners to take advantage of the speed and IRS Forms 940, 941, 943, 944 or 945 are used to report employment…
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IRS reminds employers about the benefits of EFTPS

WASHINGTON — The Internal Revenue Service today wants small business owners who are employers to know that the Electronic Federal Tax Payment System has features that can help them in meeting their tax obligations. EFTPS can help employers…
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Home Values in U.S. Continue Strong Growth

U.S. home value growth continues to slow, according to the July Zillow Real Estate Market Report. The rate of annual home value appreciation decreased for the seventh straight month in July. The typical U.S. home is worth $229,000, up 5.2%…
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Treasury, IRS release final and proposed regulations on new 100% depreciation

WASHINGTON — The Treasury Department and the Internal Revenue Service today released final regulations (PDF) and additional proposed regulations (PDF) under section 168(k) of the Internal Revenue Code on the new 100% additional first…
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IRS finalizes safe harbor for rental real estate

WASHINGTON — The Internal Revenue Service today issued Revenue Procedure 2019-38 that has a safe harbor allowing certain interests in rental real estate, including interests in mixed-use property, to be treated as a trade or…