August 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 10. Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages. If your regular wages are insufficient to … [Read more...] about August 2016 Individual Due Dates
Combining a Vacation with a Foreign Business Trip? Here Are Some Tax Pointers
Article Highlights: • Primarily Business • Primarily Vacation • Special Circumstances • Foreign Conventions, Seminars and Meetings • Cruise Ships • Spousal Travel Expenses When an individual makes a business trip outside of the U.S. and the trip is 100% devoted to business, all of the ordinary and necessary business travel expenses are deductible, just as if the business … [Read more...] about Combining a Vacation with a Foreign Business Trip? Here Are Some Tax Pointers
Have Fewer Than 50 Employees?Here is How the Health Care Act Affects You
Article Highlights: • Under the 50-Employee Threshold • Determining the 50-Employee Threshold • Full-Time Employee • Equivalent Full-Time Employees • Information Return Requirements • SHOP Marketplace • Small Business Health Care Credit When Congress came up with the Affordable Care Act (ACA), they carved out two basic categories of businesses, those with 50 full-time … [Read more...] about Have Fewer Than 50 Employees?Here is How the Health Care Act Affects You
Married to a Non-U.S. Citizen?
Article Highlights: • Worldwide Income • Filing Status • Resident Alien Spouse • Non-resident Alien Spouse • Undocumented Alien Spouse • Substantial Presence Test With modern transportation the world continues to shrink, and it is increasingly common for a U.S. citizen to marry someone from another country who is not a U.S. citizen. If this describes your marital … [Read more...] about Married to a Non-U.S. Citizen?
Tax Consequences of Losing Your Job
Article Highlights: • Severance Pay • Unemployment Compensation • Health Insurance • Employer Pension Plan • Job Search Expenses • Moving Expenses • Home Sale If you have lost your job, there are a number of tax issues that you may encounter. How you deal with these issues can profoundly impact both your taxes and your finances. The following are typical issues along with … [Read more...] about Tax Consequences of Losing Your Job