Category Archives: Tax News

TaxProf Blog – IRS Targeting of Conservative Groups

Posted on August 11, 2017 by Donya Oneto CPA

Thursday, August 10, 2017 The IRS Scandal, Day 1554: Why Is Trump’s Justice Department Still Fighting Disclosure Of Documents Revealing IRS Targeting Of Conservative Groups?

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2015 pension contribution limits

Posted on December 3, 2014 by Donya Oneto CPA

IRS Announces 2015 Pension Plan Limitations; Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2015

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Scam-Phone-Calls-Continue-IRS-Unveils-New-Video-to-Warn-Taxpayers

Posted on November 29, 2014 by Donya Oneto CPA

Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers IRS YouTube Video: Tax Scams: English IR-2014-105, Oct. 31, 2014 WASHINGTON — As incidents of an aggressive telephone scam continue across the country, the Internal Revenue Service unveiled a … Continue reading →

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TIPS FROM IRS for YEAR-END Gifts to Charity

Posted on November 29, 2014 by Donya Oneto CPA

IRS Special Edition Tax Tip 2014-23, November 17, 2014 Many people give to charity each year during the holiday season. Remember, if you want to claim a tax deduction for your gifts, you must itemize your deductions. There are several … Continue reading →

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Multinational Corporations Engage Complex Planning Strategies Avoid Taxes

Posted on May 31, 2012 by Donya Oneto CPA

Who knew? U.S. companies with offshore operations could be saving billions of dollars by utilizing apparently legal tax maneuvers, according to a new study. The Organization for Economic Cooperation and Development, in a report released Monday, found that companies around the … Continue reading →

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What You Need to Know about the Small Business Health Care Tax Credit

Posted on March 16, 2012 by Donya Oneto CPA

IRS News Release How will the credit make a difference for you? For tax years 2010 through 2013, the maximum credit is 35 percent for small business employers and 25 percent for small tax-exempt employers such as charities. An enhanced … Continue reading →

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Tax Credits Available for Certain Energy-Efficient Home Improvements

Posted on March 8, 2012 by Donya Oneto CPA

Here’s some recent information from the IRS about the energy credits available. The IRS would like you to get some credit for qualified home energy improvements this year. Perhaps you installed solar equipment or recently insulated your home? Here are … Continue reading →

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Education Tax Credits Help Pay Higher Education Costs

Posted on March 6, 2012 by Donya Oneto CPA

IRS Tax Tip 2012-37, February 24, 2012 Two federal tax credits may help you offset the costs of higher education for yourself or your dependents.  These are the American Opportunity Credit and the Lifetime Learning Credit. To qualify for either … Continue reading →

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IRS ALERT: IRS Audit Compliance Initiative Projects for 2012

Posted on March 5, 2012 by Donya Oneto CPA

Here is the latest IRS Alert sent from the Beyond 415 Alert System: The IRS regularly conducts national, regional and local compliance initiative projects (CIPs) to study perceived areas of noncompliance. The IRS uses the data from these projects to … Continue reading →

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What You Need to Know About the HIRE Act

Posted on February 15, 2011 by Donya Oneto CPA

This new law provides for three major changes for businesses in 2010 and 2011. In 2010 the law extended the rapid write-off rules for equipment purchased through the end of 2010. This allows small businesses to write off up to … Continue reading →

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