If you own a home with a mortgage, you should receive an IRS form from your lender each year with information that is used to claim an itemized deduction for qualified residence interest. For 2016, that form should include additional information that could trigger [...]
Do you have an interest in — or authority over — a foreign financial account? If so, the IRS wants you to provide information about the account by filing a form called the "Report of Foreign Bank and Financial Accounts" (FBAR).
On April 6, 2017, Bowman & Company LLP Principal Robert E. Biddle, Jr. and Manager Catherine Hess, CPA, exhibited at the Rutgers University, Camden, Spring Career Fair.
The Internal Revenue Code offers two federal income tax credits for post-secondary education expenses: the American Opportunity credit, and the Lifetime Learning credit. (See "The Basics of Higher Education Credits" at right.)
If you own a profitable, unincorporated business with your spouse, you're probably fed up with high self-employment (SE) tax bills.
Promoting non-supervisory employees to management roles can be a morale-booster for the promoted employee, and for others. Seeing a fellow employee move up the ladder gives coworkers reason to expect that, someday, they could rise to that leve [...]
The first part of the new OSHA "illness and injury" reporting regulations is straightforward enough. It states that those who are already required to file these reports must now submit the forms electronically, via a sec [...]
On May 4th, 2017, Equipment Marketers is having its 24th Annual Trade Show & Service Seminar. The trade show focuses on the commercial laundry business. Throughout the day, they will have ha [...]
The Section 179 deduction for qualified real property expenses was made permanent under the Protecting Americans from Tax Hikes (PATH) Act of 2015. However, claiming this deduction isn't a no-brainer. Here are the pros a [...]
Did you know that, once you turn age 70½, you must start taking mandatory annual withdrawals from your traditional IRAs, including any simplified employee pension (SEP) accounts and SIMPLE IRAs that you set up as a small [...]