Iryna Stepanchuk, CPA

1,933 Added | 2 Magazines | 4 Likes | 9 Following | 534 Followers | @irynastepanchuk | Iryna Stepanchuk, CPA offers tax preparation and planning, accounting and consulting services to small and mid-sized domestic and international businesses and individual taxpayers | Read more: stepanchukcpa.com

IRS sees increase in identity theft on business tax returns and data breaches at preparer offices

The Internal Revenue Service held a meeting of its Security Summit partners Tuesday in Dallas and reported on progress in battling identity theft …

Identity Theft

Multinationals Consider How Tax Reform at Home and Abroad Will Alter Their Businesses

Topic • Business Tax<br>Tags • Government <br>• International <br>• Research

Tax Reform

IRS offers email option for tax payment notifications

The Internal Revenue Service has introduced an email feature that enables taxpayers to get notifications in their personal email accounts about their …

Identity Theft

8 tax regs the Treasury wants to revoke

Following President Donald Trump’s instructions to identify burdensome recent tax regulations, the Treasury Department has released a list of eight …

U.S. Dept. of the Treasury

5 Ways to Help Your Team Achieve Work-Life Balance

A recent survey by Robert Half Management Resources reveals that a majority of professionals, including those in accounting and finance, have a …

The Workplace

Revised Senate health bill would retain taxes on higher-income individuals

Senate Republicans on Thursday released a revised version of their Better Care Reconciliation Act of 2017; the new version, if enacted, would retain …

How to Give Yourself a Salary As a Freelancer

One topic that comes up a lot in the online space is how to give yourself a salary as a freelancer.Of course, this usually comes after some complains …

Small Business

How family businesses can plan for the future

Bush Brothers had reached a crossroads in the early 1990s. Founded by A.J. Bush in 1908, the family-owned vegetable canning company based in …

Governance

What all CPAs should know about elder planning

With the percentage of elderly people in the United States on the rise, someday soon you may face situations like these:<p>A longtime client calls you …

Retirement

Reconciling Tax Reform and Reconciliation

Also, House Ways and Means Committee Chair Kevin Brady (R-TX) recently announced the committee will hold two hearings in July – one focusing on the …

Senate Finance Committee

20 Common Money Mistakes to Avoid

Nobody’s perfect. (Remember when you thought scrunchies or trucker caps looked cool?) But making mistakes when it comes to building credit, paying …

Tips for More Effective Invoicing for Your Business

It has to be done. You need to invoice clients in order to get paid.<p>Unfortunately, invoicing can be a bit of a pain. Remembering to send invoices …

IRS Launches 2017 Summertime Tax Tip Program

Like - Click this link to Add this page to your bookmarks Print - Click this link to Print this page<p>IR-2017-115, June 30, 2017 Español<p>WASHINGTON — …

Internal Revenue Service

IRS Cautions Taxpayers to Watch for Summertime Scams

Like - Click this link to Add this page to your bookmarks Print - Click this link to Print this page<p><b>IRS YouTube Videos:</b><i><br>Tax Scams:</i> <i>English</i> <i>|</i> <i>Spanish</i> <i>|</i></i> …

June 27—2017 Health Care Reform: Non-tax changes made to Republican healthcare discussion draft

Thomson Reuters Tax & Accounting NewsFeaturing content from Checkpoint<i></i> Back to Thomson Reuters Tax & Accounting News<i></i> Subscribe below to the …

Health Care

IRS Website Provides Tools to Help Small Businesses Understand Employment Taxes

Like - Click this link to Add this page to your bookmarks Print - Click this link to Print this page<p>IR-2017-110, June 22, 2017 Español<p>WASHINGTON –The …

Scammers Add ‘New Twist’ to Phone Scheme, IRS Says

Ready for another scam alert from the IRS? The agency says crooks are calling taxpayers nationwide demanding an immediate tax payment through a …

Identity Theft

3 Tax Technologies You Shouldn’t Ignore

Cloud-based servers save time and money by removing the burden of purchasing and maintaining dedicated servers, the infrastructure to properly house …

Countries sign multilateral tax treaty agreement to fight BEPS

The finance ministers of 72 countries on Wednesday signed a multilateral agreement to update over 2,000 tax treaties to combat tax avoidanceand …

Soda taxes: Old and new

<i>Editor: Mary Van Leuven, J.D., LL.M.</i><p>One hot trend in the state and local tax arena is the enactment of special excise taxes on soda and other …

IRS provides simplified method to request an extension of time to make a portability election

In a taxpayer-friendly development on Friday, the IRS issued guidance permitting certain estates to make a late portability election if they did not …

Employment taxes: Beware civil and criminal penalties

An employer is responsible for withholding federal income tax and the employee's share of Federal Insurance Contributions Act taxes (FICA, which …

The Monk Who Left the Monastery to Fix Broken Retirement Plans

SANTA FE, N.M. — There are many things that Doug Lynam has to think about now that he no longer wears a robe and lives in a monastery. Socks, for one. Do they match? Should he care? “How does this color thing work?” he wondered aloud in his office this week while sporting a muted gray pair that did …

Consider Taxes before Converting Your Home to a Rental Property

<b>Have you ever thought about becoming a landlord?</b> This option may be tempting if your local real estate market is surging and rental rates are strong, …

Closed years are fair game in exam of NOL carryovers

Clients should know that audits of NOLs and other carryforwards can reach back past the otherwise applicable statute of limitation.<p>While most of the …

IRS to accept only electronic payments for ruling requests

The IRS announced on Thursday that it will no longer accept checks in payment for ruling requests beginning June 15; taxpayers will be required to …

Federal court strikes down PTIN fees, upholds PTINs

A federal district court held that the IRS has the authority to require tax return preparers to obtain preparer tax identification numbers (PTINs) …

Coming Trends in Services to Individuals

<b>CPA as a Value Hub</b><p>In this digital era, consumers expect value, convenience and immediacy. The demands on their time and tolerances are now such that …

Tax tips for June weddings

In all the frenzy that goes into the June wedding season, the last thing and bride- or groomzilla is thinking about is their tax situation – but as …

President’s budget includes tax proposals and regulation of return preparers

The Office of Management and Budget (OMB) released President Donald Trump’s proposed FY 2018 budget for the federal government on Tuesday. Included …