Audit rates of returns for 2015: audit percentage rates are decreasing. Trend lines are declining as the IRS has a net loss of employees of 17,000 employees since 2010.
Social Security Contributions may increase in 2017. For tax year 2015 and 2016, social security tax applied to the first $118,500.00 of wages. For 2017, current projection is that this figure will increase to $126,000.00.
Taxes for US citizens abroad…Remember although you reside outside the United States, so long as you have retained your US citizenship
Are you a partnership, limited liability company or corporation who filed for extension? Thursday September 15, 2016 is an important date for you to remember! This day will be the last day to file your business return(s). With that being said, in case you forgot, you...