Despite PATH Act – Some Tax Provisions Expire at end of 2016
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Despite PATH Act – Some Tax Provisions Expire at end of 2016

By Alistair M. Nevius, J.D. | December 16, 2016 Many practitioners must have breathed a sigh of relief when, with the passage of the Protecting Americans From Tax Hikes (PATH) Act in December 2015 (part of the Consolidated Appropriations Act, 2016, P.L. 113-114), Congress took care of a large part of the problem of expiring tax...

Fed Says U.S. Growth Continues Modestly as Job Market Tightens
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Fed Says U.S. Growth Continues Modestly as Job Market Tightens

SOURCE: Christopher Condon | January 18, 2017, 11:00 AM PST January 18, 2017, 11:17 AM PST   The U.S. economy continued to expand modestly from late November through the end of 2016 as a tightening labor market helped lift wages and prices more broadly, a Federal Reserve survey showed.The central bank’s Beige Book economic report, based on information collected...

IRS Announces 2017 Tax Rates, Standard Deductions, Exemption Amounts And More
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IRS Announces 2017 Tax Rates, Standard Deductions, Exemption Amounts And More

SOURCE: KELLY PHILLIP ERB – Forbes Staff Keep in mind that the floor for medical expenses in 2017 is 10% of adjusted gross income (AGI) for all taxpayers. Shutterstock The Internal Revenue Service (IRS) has announced the annual inflation adjustments for a number of provisions for the year 2017, including tax rate schedules, tax tables, and...

Hilburn & Lein, CPAs Welcomes Cory Puga, CPA as Shareholder
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Hilburn & Lein, CPAs Welcomes Cory Puga, CPA as Shareholder

Las Vegas, NV – January 3, 2017 Hilburn & Lein, CPAs, is pleased to announce that effective January 1, 2017, Cory Puga, CPA, has been promoted to Shareholder. In the new position, he will continue to manage the firm’s Tax Department enhancing client service satisfaction and staff development. Cory has over a decade of experience...

Tax Planning with President-Elect Trump
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Tax Planning with President-Elect Trump

 YEAR-END TAX PLANNING WITH PRESIDENT-ELECT TRUMP When performing your year-end tax planning, it is important to review your current year information (2016) and project your next year (2017), so that you can determine whether-or-not you should accelerate income into the current year.  If you are likely to receive a year-end bonus or sales with capital...

Are Brick and Mortar Stores on Their Way Out?
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Are Brick and Mortar Stores on Their Way Out?

SOURCE: REUTERS | WED. DECEMBER 28TH Amazon calls 2016 holiday season its best ever; shares rise Amazon.com Inc (AMZN.O) said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade. The Amazon Echo home assistant and...

Beware of Stiff Penalties
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Beware of Stiff Penalties

Source: MSN Money | Author: Bill Bischoff Small business alert: Beware of stiff penalties for failing to file information returns Legislation enacted last year included little-noticed changes to the penalty regime for failing to file information returns with the IRS and failing to furnish required statements to payment recipients. For payments made in 2016, these...

IRS Lowers Mileage Rates for 2017
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IRS Lowers Mileage Rates for 2017

Source: Accounting Today | Author: Jeff Stimpson The Internal Revenue Service has issued the 2017 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 53.5...

Some IRS Refunds to be Delayed until February 15
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Some IRS Refunds to be Delayed until February 15

  Source: USA Today/MSN Money | Author: Kevin McCoy Attention, holiday shoppers: You might not be able to count on receiving a federal tax refund in January to pay those gift bills. In a congressionally approved change aimed at battling tax refund fraud and identity theft, the IRS must hold tax refunds until Feb. 15...