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Holly Roundtree CPA
- Aug 19, 2019
- 1 min
2019 – 08/12
Does your business provide company cars to owners and key employees? This perk provides substantial valuable benefits for those provided w...
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Holly Roundtree CPA
- Aug 19, 2019
- 1 min
2019 – 08/12
Attention, businesses: The U.S. General Services Administration has posted the domestic per diem rate table for fiscal year 2019 on its w...
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Holly Roundtree CPA
- Aug 16, 2019
- 1 min
2019 – 08/09
The U.S. Tax Court has upheld the IRS’s revocation of a group’s tax-exempt status. Although the organization did distribute some assets t...
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Holly Roundtree CPA
- Aug 16, 2019
- 1 min
2019 – 08/09
A taxpayer loses on several fronts. The IRS audited a taxpayer and determined that he owed capital gains tax on the sale of a constructio...
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Holly Roundtree CPA
- Aug 16, 2019
- 1 min
2019 – 08/09
Owe back taxes? You may not be able to get a passport. The IRS is reminding taxpayers that they may not be able to renew a current passpo...
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Holly Roundtree CPA
- Aug 15, 2019
- 1 min
2019 – 08/08
A Treasury Inspector General for Tax Administration (TIGTA) audit criticizes the IRS for failing to improve amended tax return review pro...
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Holly Roundtree CPA
- Aug 15, 2019
- 1 min
2019 – 08/08
More disaster victims in Missouri qualify for tax relief. On its website, the IRS announced that victims of severe storms, tornadoes and ...
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Holly Roundtree CPA
- Aug 15, 2019
- 1 min
2019 – 08/08
Can a taxpayer be subject to a two-year ban on claiming the earned income credit (EIC), even though she was entitled to it for two of her...
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Holly Roundtree CPA
- Aug 14, 2019
- 1 min
2019 – 08/07
The IRS has done an “about face” and will now enforce a stock-based compensation (SBC) rule. The Large Business and International (LB&I) ...
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Holly Roundtree CPA
- Aug 14, 2019
- 1 min
2019 – 08/07
The IRS has launched the Tax Withholding Estimator, a new online tool that replaces the IRS Withholding Calculator. According to the IRS,...
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Holly Roundtree CPA
- Aug 14, 2019
- 1 min
2019 – 08/06
In a Private Letter Ruling, the IRS has held that a long-term care (LTC) insurance policy with a death benefit qualified under the “long-...
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Holly Roundtree CPA
- Aug 13, 2019
- 1 min
2019 – 08/06
A U.S. District Court ruled that an employer was liable for damages because it had sent false information about a worker’s income to the ...
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Holly Roundtree CPA
- Aug 13, 2019
- 1 min
2019 – 08/05
Unusual changes to reported income may draw unwanted IRS attention. In one case, a psychic counselor reported substantial wage income ove...
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Holly Roundtree CPA
- Aug 12, 2019
- 1 min
2019 – 08/05
Who can deduct car expenses on a tax return? Business owners and self-employed persons who use their cars for business may be able to ded...
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Holly Roundtree CPA
- Aug 12, 2019
- 1 min
2019 – 08/05
“Summer is a season when people have fun, yet get things done,” the IRS said in a recent “Tax Tip.” Now that the standard deduction is so...
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