This week we are going to take a brief look at the new Department of Labor (DOL) overtime regulations that go into effect on December 1, 2016. The DOL overtime rule determines which employees are exempt from overtime. Employers don’t have to pay overtime to exempt employees. Employers do have to pay overtime to employees who are not exempt. To be exempt, an employee must receive a salary and have executive, administrative, or professional duties. Those two qualifications do n

Are you registered to vote yet? Click here to find out if you are. The election is only 21 days away! There are significant differences in tax proposals between the Republican and the Democrat presidential candidates. Please take the time to review these before the election. A simple Google search of “presidential candidate tax comparison” will let you know where the candidates stand and how they differ. Every voter's tax situation is unique, so it's important to be inform

This week I want to remind you about the new accelerated due dates for W-2 and 1099 forms that are effective for this calendar year. The Protecting Americans from Tax Hikes (PATH) Act of 2015, which was passed in December, 2015, requires forms W-2, W-3, and returns to report non-employee compensation (e.g., Form 1099-MISC) to be filed on or before January 31st of the year following the calendar year to which such returns relate. Those returns are no longer eligible for the ex

Scammers have a new tactic to try and steal your money. The IRS issued an alert to taxpayers and tax professionals to watch out for fake emails claiming to contain an IRS tax bill related to the Affordable Care Act. The IRS has received numerous reports around the country of scammers sending a fraudulent version of CP2000 notices for tax year 2015. Generally, the scam involves an email that includes the fake CP2000 as an attachment. The CP2000 is a notice commonly mailed to t