The extra standard deduction for people age 65 and older

The extra standard deduction for people age 65 and older

From Kiplinger Personal Finance — By Kelley R. Taylor —  You’ve probably heard about the standard deduction, but did you know that the tax code offers a perk in the form of an extra standard deduction for people aged 65 or older? For eligible older adult filers, the...
New IRS group intensifies enforcement efforts

New IRS group intensifies enforcement efforts

From Accounting Today — By Roger Russell —    The working group being formed by the Internal Revenue Service to go after high-net-worth taxpayers that utilize pass-throughs and complex tax strategies to minimize their tax obligations has been called a...
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