July 2014 - AFSG Consulting

New Policy: Unused Taxpayer ID Numbers Will Expire after Five Years

By Lauryn Charles|2014-07-31T16:22:01-04:00July 31st, 2014|Business Start-Ups and Closures, Corporate Income Tax, Employers|

original article: http://www.daszkalbolton.com/index.php?src=gendocs&ref=NewPolicy-UnusedTaxpayerIDNumbersWillExpireAfterFiveYears#.U9pXSPldXgs Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years, the IRS recently announced. In order to give all interested parties time to adjust to the new policy, the IRS added that it will not begin deactivating ITINs [...]

Top Ten Tax Facts if You Sell Your Home

By Lauryn Charles|2014-07-21T12:36:50-04:00July 21st, 2014|Home Owners, Individual Income Tax|

<irs.gov> Do you know that if you sell your home and make a profit, the gain may not be taxable? That’s just one key tax rule that you should know. Here are ten facts to keep in mind if you sell your home this year. 1. If you have a capital [...]

Summer Weddings Mean Tax Changes

By Lauryn Charles|2014-07-07T13:39:28-04:00July 7th, 2014|Individual Income Tax|

(Source: IRS.gov)Taxes may not be high on your summer wedding plan checklist. But you should be aware of the tax issues that come along with marriage. Here are some basic tips that can help keep those issues to a minimum: Name change. The names and Social Security numbers on your [...]