Info Center

Info Center

Tax News

  • Recent Breach Highlights the Vulnerability of Your Personal Data
    Hackers gained unauthorized access to 143 million Americans' personal data earlier this year by exploiting a vulnerability on Equifax's website application. Here are the details on what happened and how you should respond if a breach affects your personal information. Read More
  • Are You Ready for the New IRS Partnership Audit Rules?
    A new partnership audit regime goes into effect for the 2018 tax year that assesses incremental taxes, penalties and interest at the partnership level. However, many partnerships can elect to follow alternative rules. Here's guidance on what's changing, including the importance of choosing a partnership representative to handle audit matters. Read More
  • Report Warns Retirees about Potential Downsides of Reverse Mortgages
    Some seniors decide to defer Social Security benefits and, instead, apply for a reverse mortgage to meet their cash flow needs. A recent CFPB report points out the risks and costs you should consider before using this strategy. If you don't carefully weigh the pros and cons, you could jeopardize Read More
  • IRS Guidance on Leave-Sharing Programs to Help Hurricane Harvey Victims
    Employers can set up leave-based donation programs to provide assistance to Hurricane Harvey victims. The IRS recently announced that employees won't be taxed when they forgo vacation, sick, or personal leave in exchange for employer contributions of amounts to charitable organizations providing relief. Employers can also deduct the amounts as Read More
  • Why It’s Risky to Rely on Unofficial IRS Guidance
    Relying on FAQs and Answers, along with other forms of unofficial guidance posted on the IRS website, may not protect you from IRS audit or additional tax assessments, interest and penalties. Here's an overview of the different types of guidance the IRS publishes, recommendations from the National Taxpayer Advocate on Read More
1 2 3 21

We deliver a full array of accounting and tax services.

Cassabon Fung, LLP uses our professional and progressive expertise to tailor strategies to help you achieve your goals above and beyond expectation.
Top