Articles 11 - 17 of 17
Updated Form 8300 and Reporting for Cash Payments Over $10,000
The IRS has recently revised its Form 8300, which businesses must file within 15 business days of receiving over $10,000 in cash from a buyer in a single transaction or related transaction.
1040 Tax Tips for Reporting Automotive Manufacturer Incentive Payments
It’s tax time again; time again to remember how to treat those manufacturer incentive payments on your Form 1040, U.S. Individual Income Tax Return.
Big Win for Auto Dealers on UNICAP Issue
NADA, along with the help of dealership and CPA firm representatives, was successful in obtaining a uniform capitalization (UNICAP) victory for automobile
Effective Immediately - Employers With Cafeteria Plans Can Allow Employees To Make Pre-tax Contributions for Adult Children
According to an IRS news release, as a result of changes made by the recently enacted Affordable Care Act, health coverage provided for an employee's children under 27 years of age is now generally tax-free to the employee, effective March 30, 2010.