DuvallWheeler, LLP

 

2017 – 08/11

IRS reminds truckers that a tax deadline is just up the road. The IRS has advised truckers and other owners of heavy highway vehicles that the deadline to file Form 2290, “Heavy Highway Vehicle Use Tax Return,” is August 31. Returns must be filed and payments made for vehicles used […]

Pay attention to the details when selling investments

The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as how much you paid for the investment vs. how much you’re selling it for, whether you held the investment long-term […]

2017 – 08/04

Electronic payment will soon be required for certain IRS transactions. As announced by the IRS in June, after Aug. 15, 2017, the Pay.gov electronic payment website will become the only permissible payment method for fees that taxpayers must pay when they request letter rulings, closing agreements an

Rev up retirement offerings with an NQDC plan

  Many business owners and executives would like to save more money for retirement than they’re allowed to sock away in their 401(k) plan. For 2017, the annual elective deferral contribution limit for a 401(k) is just $18,000, or $24,000 if you’re 50 years of age or older. This represents [

2017 – 08/10

New budget figures out. The Congressional Budget Office (CBO) reported a $568 billion estimated budget deficit for the first 10 months of FY 2017, $56 billion more than the same period in FY 2016. Total receipts rose 2%; individual income tax and payroll taxes were up 4%. For July, receipts [&hellip