by GruffyGoat Team | Jan 28, 2015 | Uncategorized
The Treasury Inspector General for Tax Administration just announced that the IRS is still making significant errors in payments of the Earned Income Tax Credit (EITC). Although there has been an overall decline in the improper payment rate since Fiscal Year...
by GruffyGoat Team | Jan 26, 2015 | Uncategorized
E-filing has been around for a while now, but the IRS still gives taxpayers the option of paper filing. There are a few good reasons to e-file, and the IRS is encouraging people to go this route. Here’s why. It’s more accurate. The tax...
by GruffyGoat Team | Jan 21, 2015 | Uncategorized
As we reported in late December, Congress passed a tax credit extender bill, which made many expired tax provisions retroactively available for 2014. One of the provisions allows employers to claim tax credits for hiring disadvantaged workers in certain...
by GruffyGoat Team | Jan 15, 2015 | Uncategorized
PPC’s 5-Minute Tax Briefing this week included a reminder about Affordable Care Act responsibilities for this tax season. If you enrolled in health coverage through the Marketplace or if you chose not to have any health coverage, note that you’ll...
by GruffyGoat Team | Jan 12, 2015 | Uncategorized
By law, foreign workers and corporations who engage in a trade or business within the U.S. are taxed at a graduated rate on income that’s connected with the work they do within the U.S. Also, withholding agents are required to withhold tax at 30% of U.S.-source...
