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The number cruncher’s blog

Will you trigger AMT this year?

Individual taxpayers who have come close to triggering the alternative minimum tax (AMT) in the past should start planning to minimize 2016 taxes as early

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Not-For-Profit Newsletter September 2016

*|MC:SUBJECT|* View this email in your browser SKR+Co Not-For-Profit Newsletter September 2016 What the new DOL overtime rules will mean for your nonprofit The Department

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Employee Reimbursements: Accountable Versus Nonaccountable Plans

Whether a reimbursement arrangement is an accountable or nonaccountable plan is determined based on whether the plan meets all three requirements of an accountable plan. While accountable plans have requirements that must be met, they could be viewed as more favorable to employees for tax reporting purposes.

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Good news for 1023-EZ filers!

The IRS recently announced a reduced user fee from $400 to $275 for filing the simplified form for recognition of tax-exempt status, Form 1023-EZ, Streamlined Application

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Tax identity thieves target businesses as well as individuals at alarming rate

Individuals can’t afford to ignore the threat of tax identity theft, but the IRS has taken some measures to combat the epidemic that has implications for employers, too. Businesses also need to be aware of the risk of tax identity theft they face. Criminals aren’t just pursuing Social Security numbers (SSNs) — they’re also going after employer ID numbers (EINs) assigned by the IRS.  

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