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Until December 15, 2019, small business owners have a great opportunity to offer their W-2 employees to participate in purchasing health group insurance for the next tax year. The group plans are designed to intend to make health insurance...

Good news for employees who has a 401(k)-retirement plan. The IRS announced increased contribution limits from $19,000 to $19,500 starting January 1, 2020. All adjustments could be seeing in IRS Notice 2019-59: http://bit.ly/32tr0Mv  

Using Solar Energy is growing since 2006 average 52% each year, thanks to the federal policy mechanism which supports the growth of solar energy using in the U.S., co-called the Solar Investment Tax Credit (ITC). Congress enacted a multi-year...

The IRS NEWS Remember, the IRS does not send unrequested emails to taxpayers. WASHINGTON — The Internal Revenue Service and its Security Summit partners today warned taxpayers and tax professionals about a new IRS impersonation scam campaign spreading nationally...

The IRS announced that the agency has begun sending letters to taxpayers who, possible, failed to report and pay the income of the result of virtual currency transactions. “Taxpayers should take these letters very seriously by reviewing their tax...

Information for ITIN’s taxpayers whose ITIN is expiring January 1, 2020. If your ITIN is with the middle digits 83, 84, 85, 86, 87 (For example 9NN-85-NNNN) it needs to be renewed even it has used in the last...

This spring the IRS launched a major initiative encourages everyone to use the Withholding Calculator. The Calculator helps taxpayers to perform a quick “paycheck checkup” and identify your tax withholding to make sure you have the appropriate amount of...

Friendly Due Date Reminder 2019 Second quarter Payroll payment deadline is July 31 for Federal payroll taxes and July 15 for State Illinois payroll taxes. Please be aware that a President of the corporation is responsible for the timely...

Information for ITIN’s taxpayers whose ITIN is expiring January 1, 2020. If your ITIN is with the middle digits 83, 84, 85, 86, 87 (For example: 9NN-85-NNNN) it needs to be renewed even it has used in the last...

Don’t panic. You still can contact your accountant and ask to help you. Your strategy now is to file your Tax return as soon as possible, for avoiding late filing fee and penalty, especially in case if you owe...