Personal Tax

31 Dec

Tax Implications For Holiday Home Asset

Whilst the holiday season may be over, and the last of the summer sun firmly behind us, holidays are still a hot topic of conversation in the accounting world as now is one of the most popular times of the year to

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22 Dec

Tax Adjustments: UK Property And Non-Residents

A number of changes to the way non-residents that hold UK land and property are taxed are included in the draft legislation for Finance Bill 2018-19, published on 6 July 2018.

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17 Dec

Coin Intricacy : The Actual Taxes On Computer-Generated Currencies

Cryptocurrencies are virtual but individuals trading or investing in cryptocurrency – and their tax advisers – need to consider the very real taxes that could apply and how to report those transactions on self-assessment returns.

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01 Mar

Walker Gets Profession’s Greatest Honor In The Taxation

Deborah Walker, state director of Recompense and benefits at Cherry Bekaert LLP in Washington, D.C., obtained the AICPA's 2017 Arthur J. Dixon Memorial Award, the best honor presented by the bookkeeping vocation in the tax department.

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27 Dec

Electronic -Filing For 2016 Specific Returns Will Be De-Activated Shortly

In order to get ready for the 2018 submitting time, the internal revenue service proclaimed that it might close the restructured e-File program it uses specific revenue duty return e-filing on Sunday, Nov. 2018. Soon after that time frame, citizens must document their 2016 specific income tax returns written.

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15 Apr

Inaccurate Individual Retirement Account rollover produces dilemmas for a taxpayer

The citizen IRA spreads result in additional gross pay, an early withdrawal sentence, and an exactness related sentence.


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01 Mar

Latest regulations impact common tax credits

In December 2015, the Protecting Americans from Tax Hikes (PATH) Act, P.L. 114-113, permanently prolonged numerous tax specifications which are common for personal taxpayers, ultimately terminating the concept of holding out until the end of the year or perhaps until the next year to pass retroactive extensions.

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24 Feb

Failure to report health coverage would not lead to tax return rejection

The Irs reported that it will not necessarily refute taxation statements just because a taxpayer has not indicated on the return whether the taxpayer previously had medical health insurance, was free, or made a shared-responsibility payment under Sec. 5000A. The IRS unveiled the change on its webpage, ACA Information Center for Tax Professionals, in response to President Donald Trump’s Jan.

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