According to the DoJ, a Venezuelan billionaire who owns Globovision news network was charged in an indictment unsealed yesterday for his role in a billion-dollar currency exchange and money laundering scheme. A former Venezuelan national treasurer and a former owner of Banco Peravia bank in the Dominican Republic each pleaded guilty in proceedings unsealed today for…
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TCJA Divots Golf Corse Expenses and Takes a Bite out of the Meal Deduction.
Taking clients to ballgames? Tax law change makes it costlier. Businesses, especially smaller firms, may scale back on treating clients to major league baseball games, golf outings and the like after Congress and President Donald Trump ended a tax break for such entertainment. Tax reform law commonly referred to as H.R. 1 Tax Cuts and…
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2017 TCJA Allows Small Businesses to Expense More
The Internal Revenue Service reminded small business taxpayers in IR-2018-223 that changes to the tax law mean they can immediately expense more of the cost of certain business property. Many are now able to write off most depreciable assets in the year they are placed into service. The Tax Cuts and Jobs Act (TCJA), passed…
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Settle Your Back Taxes for a Fraction of What You Owe! – OIC
Settle Your Back Taxes for a Fraction of What You Owe - Tax Evaluation Waiting! Stop IRS Collections Now.” --Google search ad results, September 2018 According to The fundamentals of the IRS OIC program - accountingtoday.com, what’s true about the above mentioned search term is that the IRS has a program that allows taxpayers to settle their tax debts…
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