Call Us Toll Free (800) 382-1040 or Local (954) 563-1269 | Year End Tax Savings Opportunities

  • Follow
  • Follow
  • Follow
rms-logo
  • Home
  • Contact Us
  • About
    • About the Firm
    • We are Enrolled Agents “EAs”
    • Privacy Policy
    • What Our Clients Say About Us
    • In the Media
  • Services
  • Specialties
    • Actors, Actresses, Entertainers & Models
    • Attorneys & Legal Practices
    • “Crypto” Currency Taxation
      • Common Bitcoin and Other Crypto-Currency Tax Questions and Answers
      • Crypto & Virtual Currency Frequently Asked Questions & Answers (Bitcoin)
    • Franchisees
    • Medical Practices & Doctors
    • Real Estate Investors & Professionals
    • Non-Resident Alien
    • Trust Accounting
    • U.S. Expatriates
    • Qualified Opportunity Zones Funds
  • Information
  • Resources
    • Covid-19
    • Just Released
    • Tax Tips
    • Payroll and Tax Forms
    • State Taxes
    • Free Tools
    • Full Service
    • Affiliates
    • New Inquiry
    • Helpful Links
    • Blog

Tax Relief for Victims of Hurricane Ian in Florida

by Steven J Weil, PhD, EA, LCAM | Oct 7, 2022 | Blog, Business Tax, Personal Tax

The IRS Announced Tax Relief for Victims of Hurricane Ian in Florida on September 29, 2022. Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in certain areas will receive tax...

2022 Changes to the Credit for Electric Vehicles

by Steven J Weil, PhD, EA, LCAM | Oct 3, 2022 | Blog, Business Tax, Personal Tax

Changes in the Electric Vehicle Tax Credit The Inflation Reduction Act of 2022 includes changes to the credit available for electric vehicles. The changes are complex, and phase in over time. If you are in the market for an electric vehicle, we should review the new...

IRS Announces Penalty Relief Late Filing of 2019 & 2020 Returns

by Steven J Weil, PhD, EA, LCAM | Aug 31, 2022 | Blog, Business Tax, Personal Tax

Penalty Relief: IRS Notice 2022-36 The IRS has announced broad-based penalty relief for certain 2019 and 2020 returns due to the COVID-19 pandemic. The penalty relief will be automatic for people and businesses who qualify. Relief applies specifically to the failure...

Student Athletes Name, Image, or Likeness

by Steven J Weil, PhD, EA, LCAM | Aug 16, 2022 | Blog, Business Tax, Personal Tax

Colleges Now Allow Student Athletes to Profit from the Use of Their Name, Image, or Likeness The National Collegiate Athletic Association (NCAA) is now allowing athletes to receive compensation for the use of their name, image, or likeness (NIL). This new source of...

What Does Supersizing the IRS Really Mean?

by Steven J Weil, PhD, EA, LCAM | Aug 9, 2022 | Blog, Business Tax, Personal Tax

Congress is funding an additional 87,000 IRS agents. These new agents will need to cut their teeth on simple cases, where for the most part taxpayers are not big enough or rich enough to fight back. This means those receiving tax credits, operating small businesses,...

Don’t Forget Qualifying Business Meals at Restaurants Are 100% Deductible This Year

by Steven J Weil, PhD, EA, LCAM | Jul 11, 2022 | Blog, Business Tax

So, what is a qualifying meal and who can deduct it? Business meals are only deductible by the business. This includes partnerships, corporations, S corporations and sole proprietorships. The deduction for business meals is generally 50% of the actual expenditure...
« Older Entries
Next Entries »

Archives

  • February 2023
  • January 2023
  • December 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • August 2018
  • December 2017
  • March 2017
  • February 2017
  • December 2016
  • October 2016
  • September 2016
  • August 2016
  • February 2016
  • December 2015
  • September 2015
  • March 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • June 2014
  • February 2014
  • January 2014
  • September 2013
  • August 2013
  • June 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
Stay In Touch

Receive our monthly news letter with the latest tax and business information. Let us keep you posted on the latest tax planning and business management ideas.

Signup Now
Blog

HIGHLIGHTS OF THE 2023 FUNDING BILL

Jan 16, 2023 | Uncategorized

President Biden signed the Consolidated Appropriations Act of 2023, which includes the SECURE 2.0 Act of 2022. Here are some of the highlights: Increases the age for required minimum distributions. Beginning January 1, 2023, the age is raised to 73, and to 75 on...

Who Can Be A Dependent?

Jan 13, 2023 | Blog, Personal Tax

A dependent can be anyone that cannot be claimed on the return of someone else and is a qualifying child or a qualifying relatives. The rules for 2022 are as follows. A qualifying child must be: The taxpayer’s child, stepchild, eligible foster child, brother, sister,...

2023 Business Standard Mileage Rate 65.5¢

Jan 11, 2023 | Blog, Business Tax

The IRS has announced the new 2023 standard mileage rates. The rate for business use of an auto increases 3 cents per mile, from 62.5 cents in 2022 to 65.5 cents for 2023. The standard mileage rate for medical miles remains 22 cents per mile for 2023 (the remaining...

Be Careful Not to Violate Child Labor Laws

Jan 9, 2023 | Accounting, Blog

A recent investigation by the Department of Labor (DOL) found that 11 franchisees in 6 states of the Utah-based Crumbl Cookies bakery company violated federal child labor laws. According to the Fair Labor Standards Act (FLSA), whether school is in session or not, 14...

Contact Us
  • ADA Compliance: Need assistance with navigating this page or obtaining information for any reason, call us at 1-800-382-1040 and one of our staff would be happy to assist you get the information you need..
Copyright © 2022 Royale Management Services, Inc.