November 14, 2016
Wayne Naegele
Blog Posts
0 CommentsNovember 2016 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of November 2016. November Employers. During November, ask employees whose withholding […]
Read moreOctober 25, 2016Wayne NaegeleBlog Posts0 CommentsHow Do I? Make an in-plan Roth IRA rollover? In-plan Roth IRA rollovers are a relatively new creation, and as a result many individuals are not aware of the rules. The Small Business Jobs Act of 2010 made it possible for participants in 401(k) plans and 403(b) plans to roll over eligible distributions made after […]
Read moreSeptember 08, 2016Wayne NaegeleBlog Posts0 CommentsCongress returns from extended summer recess to busy tax agenda Every four years, Congress returns to work after a summer recess and is overshadowed by the looming presidential election. This year is no exception with taxpayers and lawmakers focused on Election Day, November 8. In the meantime, however, lawmakers have almost two months to take […]
Read moreJuly 19, 2016Wayne NaegeleBlog Posts0 CommentsTax legislation moves forward before Congress’ August recess As Congress’ August recess nears, lawmakers are moving tax legislation for individuals and businesses. Bills targeted to tax reform, small business tax relief, and more have been introduced and are working their way to votes in the House and Senate. Congress is also grappling with the IRS’s […]
Read moreMay 12, 2016Wayne NaegeleBlog Posts0 CommentsMay 2016 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of May 2016. May 2 Employers. File Form 941 for the […]
Read moreMay 12, 2016Wayne NaegeleBlog Posts0 CommentsFAQ: Are contributions to foreign charities tax-deductible? Social media has helped to make our world smaller and when natural disasters and tragedies occur we want to help with contributions of money and/or other types of aid. At home, countless charitable organizations are providing all types of help and generally, your contributions to U.S. charities are […]
Read moreMay 12, 2016Wayne NaegeleBlog Posts0 CommentsHow do I? Determine a residential tax credit for solar panels Individual taxpayers may claim a nonrefundable personal tax credit for qualified residential alternative energy expenditures. The residential alternative energy credit generally is equal to 30 percent of the cost of eligible solar water heaters, solar electricity equipment, fuel cell plants, small wind energy property, […]
Read moreMay 12, 2016Wayne NaegeleBlog Posts0 CommentsLatest IRS Data Book gives insight into audit activities The IRS has issued its annual Data Book for fiscal year (FY) 2015, which provides statistical information on activities such as examinations and collections conducted by the IRS from October 1, 2014 to September 30, 2015. For FY 2015, the Data Book shows the total number […]
Read moreApril 26, 2016Wayne NaegeleBlog Posts0 CommentsCongress takes first steps to tax reform Tax reform continues to be highly touted in Congress as lawmakers from both parties call for simplification of countless complex rules, overhaul of tax rates, and more. At times this year, President Obama and Congressional Republicans seem far apart on a way forward, but at similar times in […]
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