W-2 After Death
A common error made by employers is to report payments made after the death of an employee on a W-2 withholding SS and Medicare taxes. P...
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The Tax Professionals Blog · 446 articles
Tax Preparation Fees
Under the Tax Cuts and Jobs Act, tier 2 (those subject to the 2% of AGI floor) miscellaneous itemized deductions are suspended for years ...
Read moreCompensation Distinguished From a Gift
Although gifts are generally excluded from the recipient's gross income, transfer by or for an employer to or for the benefit of an empl...
Read moreBusiness Pass Through Entities - A Basic Overview of the Sec 199 Deduction
There is lot of confusion among practitioners related to the new Sec. 199A deduction, how it is computed, and the limitations. This artic...
Read moreDoes Stem Cell Therapy Qualify as a Deductible Medical Expense?
Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affectin...
Read moreFraudulent Income Tax Preparer? What Should You Do?
We all encounter them, clients who have been victimized by unscrupulous tax preparers and want to know how to report them. The IRS has fo...
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