Finance2017-09-05T09:34:18-08:00
207, 2024

IRS: marijuana remains a Schedule I controlled substance

By |July 2nd, 2024|Finance|Comments Off on IRS: marijuana remains a Schedule I controlled substance

Up in smoke? Until a final federal rule is published, the Internal Revenue Service reminded taxpayers that marijuana remains a Schedule I controlled substance and is subject to the limitations of the Internal Revenue Code. The law concerning the schedule or classification of marijuana has not changed. Taxpayers seeking a [...]

2506, 2024

Mediation can help taxpayers settle tax issues

By |June 25th, 2024|Finance|Comments Off on Mediation can help taxpayers settle tax issues

Mediation – also known as alternative dispute resolution – can help taxpayers resolve tax issues early and efficiently. The process provides taxpayers with a faster, more collaborative, and cost-effective approach to case resolution. The traditional appeal process is still available for taxpayers who choose it, according to an IRS news [...]

1806, 2024

Employer-Provided Childcare Tax Credit worth up to $150,000

By |June 18th, 2024|Finance|Comments Off on Employer-Provided Childcare Tax Credit worth up to $150,000

The Employer-Provided Childcare Tax Credit is an incentive for businesses to provide childcare services to their employees. Here's how to get it and how it can benefit you, the employer, according to a news release. About the Tax Credit This tax credit helps employers cover some costs for childcare resources [...]

1106, 2024

What people need to know if they have a side hustle

By |June 11th, 2024|Finance|Comments Off on What people need to know if they have a side hustle

Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Whether someone is having fun with a hobby or running a business, if they are paid through [...]

606, 2024

Now hiring: restaurant industry to add 525,000 summer jobs

By |June 6th, 2024|Finance|Comments Off on Now hiring: restaurant industry to add 525,000 summer jobs

A summer job in the restaurant industry is like training for the Olympics. The great athletes who will be competing this summer in Paris cross-trained on skills that not only improved their game but also made their minds and bodies stronger. For people who work in the restaurant industry, the skills [...]

406, 2024

Taxpayers can appeal a rejected offer in compromise

By |June 4th, 2024|Finance|Comments Off on Taxpayers can appeal a rejected offer in compromise

If the IRS rejects an offer in compromise, taxpayers have 30 days from the date on the rejection letter to request an appeal of that decision. To request an appeal, a taxpayer must file Form 13711, Request for Appeal of Offer in Compromise, or send a letter to the IRS with certain information [...]

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