Treasury set to develop new retirement savings vehicle: myRAs
In his January 2014 State of the Union address, President Obama
instructed the Treasury Department to develop a new savings vehicle
called "myRA." The new savings arrangements share many
similariti...
"Repair" regulations require taxpayer action in 2014 and beyond
The IRS's final "repair" regulations became effective January 1,
2014. The regulations provide a massive revision to the rules on
capitalizing and deducting costs incurred with respect to tangible
...
How do I? Elect not to carry back an NOL
Many taxpayers find the ability to carry back a net operating loss
(NOL) one of the most business-friendly provisions in the Tax Code.
This is often true for new businesses. In times of economic di...
March 2014 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 tax reporting and filing data for individu...
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