The Social Security retirement and disability programs, taken in combination, have dedicated resources sufficient to cover benefits until 2033, the Social Security program trustees said in their annual review released on May 31. (The 2013 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds)…

The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to…

Fact Sheet 2013-9 Noting that there have been a number of cases of unscrupulous behavior by third-party payers of payroll taxes, IRS has issued a series of tips for employers who outsource their payroll duties. Background. A reporting agent (RA) is someone authorized by an employer to perform various payroll tax-related functions including filing payroll…

The new safe harbor provides an attractive option for taxpayers who qualify to deduct home-office expenses but want to avoid the burdensome compliance and substantiation requirements under the actual-expense method. It also may make sense to elect it where the taxpayer has lower amounts of actual home-office expenses, a smaller home office relative to the…