Excluding Medicare Waiver Payments from Income
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Excluding Medicare Waiver Payments from Income

The Internal Revenue Service (IRS) has provided guidance on the tax treatment of certain payments to individual care providers for the care of eligible individuals under a state Medicaid waiver program in IRS Notice 2014-7.i The prog... Laurie W. Ziegler, EA

How to Be Eligible for Substantial Tax Savings as a Trader
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How to Be Eligible for Substantial Tax Savings as a Trader

There are tax advantages for traders who are eligible for trader tax status (TTS). This article provides an overview of how to qualify for TTS (no election is required): Automated trading systems can qualify for TTS, providing the trader is significantly involved ... Robert A. Green, CPA

Your Questions Answered
Your Questions Answered

Your Questions Answered

QUESTION #1: During tax year 2019, one of our firm’s business clients had a very successful year. The business is a general partnership and it provides consulting services. Pass-through income, and thus taxable income, was high enough that the qualified business incom... Alison Flores, JD