by apexcpas | Jul 4, 2018 | Tax Planning
The Internal Revenue Service released IRS Tax Tip 2012-12, Tax Help ‘en Español,’ on Jan. 19, 2012, as an addition to the plethora of tax tips and other information it publishes to assist taxpayers attempting to comply with the federal tax laws....
by apexcpas | Jul 4, 2018 | Tax Planning
It pays to remember that charitable contribution deductions have fairly strict substantiation requirements. For a transfer of property to a charitable organization to qualify for a deduction, the charitable, or donee, organization must substantiate a contribution of...
by apexcpas | Jul 4, 2018 | Tax Planning
Life insurance and taxes can be a mind-numbing and confusing combination for most people. Normally, the death benefit received from a life insurance policy is not considered taxable income. However, income can be taxable when you cash in the policy during your...
by apexcpas | Jul 4, 2018 | Tax Planning
The IRS has launched a new online search tool – Exempt Organizations Select Check – to help users more easily find information about tax-exempt organizations. You can now go to one location on IRS.gov to search for the following information:...
by apexcpas | Jul 4, 2018 | Tax Planning
If you operate a business and you paid any service provider at least $600 for services during 2011, you must provide Form 1099-MISC, Miscellaneous Income, to the provider no later than Jan. 31, 2012. However, if the provider is a corporation, you generally do not...