Posts Tagged "irs"

Every taxpayer has a set of fundamental rights. You should be aware of these rights when you interact with the Internal Revenue Service. The “Taxpayer Bill of Rights” takes the many existing rights in the tax code and groups them into 10 broad categories. That makes them easier to find and to understand. You can […]

The Internal Revenue Service today reminded individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some of the changes taxpayers should keep in mind include: Rules for Charitable Contributions of Clothing and Household Items Household items include furniture, furnishings, electronics, appliances and linens. Clothing […]

When starting a small business, it’s important to choose the right accounting method and accounting system! One of the first decisions facing a small business owner is the type of accounting system that the business will use. The accounting system enables business owners to track income and expenses and monitor the business’s overall financial health. […]