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Holly Roundtree CPA
2019 – 08/02
The IRS is making headway in efforts to bring its financial management systems into compliance with the Federal Financial Management...
Holly Roundtree CPA
2019 – 08/02
A company car has long been a popular fringe benefit for company owners and key employees of medium-size or small businesses. This...
Holly Roundtree CPA
2019 – 08/01
An appeals court rules that a father with a film production business couldn’t deduct his son’s tuition for a filmmaking course. The...
Holly Roundtree CPA
2019 – 08/01
The IRS’s Large Business and International division (LB&I) has announced six new compliance campaigns. The compliance campaigns target...
Holly Roundtree CPA
2019 – 08/01
The IRS just released guidance that allows a taxpayer to make or revoke bonus depreciation elections that were potentially affected by...
Holly Roundtree CPA
2019 – 07/31
Managing the amount of tax you’ll owe for this year may require thinking about tax issues now, long before it’s time to file. One aspect...
Holly Roundtree CPA
2019 – 07/31
An offer in compromise (OIC) is an agreement between a taxpayer and the IRS to settle a tax debt for less than the amount owed. One...
Holly Roundtree CPA
2019 – 07/31
The Dept. of Labor (DOL) has just issued regulations that will make it easier for small businesses to provide retirement savings plans to...
Holly Roundtree CPA
2019 – 07/30
Spouses filing a joint federal income tax return generally are jointly liable for the tax due. But, in some situations, a filer can avoid...
Holly Roundtree CPA
2019 – 07/30
The U.S. direct investment abroad position decreased $62.3 billion, to $5.95 trillion at the end of 2018 from $6.01 trillion at the end...
Holly Roundtree CPA
2019 – 07/30 – The “kiddie tax” hurts families more than ever
Congress created the “kiddie tax” to discourage parents from putting investments in their children’s names to save tax. Over the years,...
Holly Roundtree CPA
2019 – 07/29
The U.S. Tax Court has found that a taxpayer’s poker playing wasn’t an activity engaged in for profit. Therefore, he must deduct his...
Holly Roundtree CPA
2019 – 07/29
The IRS has begun sending information letters to taxpayers who may have failed to report income and pay the resulting tax from virtual...
Holly Roundtree CPA
2019 – 07/29 – Take a closer look at home office deductions
Working from home has its perks. You can skip the commute and you might be eligible to deduct home office expenses on your tax return....
Holly Roundtree CPA
2019 – 07/26
Eligible taxpayers who live and work outside the U.S. may be able to exclude foreign-earned income from their gross income. To qualify, a...
Holly Roundtree CPA
2019 – 07/26
Taxpayers generally don’t think about their tax filing status until it’s time to file. But you should be aware of it through the year,...
Holly Roundtree CPA
2019 – 07/26
A new tax bill passed in the U.S. House of Representatives. The bill, called the Promoting Respect for Individuals’ Dignity and Equality...
Holly Roundtree CPA
2019 – 07/25
The IRS has announced six new compliance campaigns. The IRS’s Large Business and International (LB&I) division focuses on specific issues...
Holly Roundtree CPA
2019 – 07/25
The IRS has made changes to its whistleblower program. As a result of the recently enacted Taxpayer First Act, the IRS Whistleblower...
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