Planning 2014: Moving and Job Hunting Expenses

Individual taxpayers seeking new jobs may incur a variety of expenses, including costs directly associated with moving to a new job location or those specifically related to the job search. Many of these expenses are deductible, but the rules are strict, and expenses must be carefully documented and substantiated. You may be able to take […]

IRS Hikes Fees for Installment Agreements, Offers in Compromise

The Internal Revenue Service released final rules (T.D. 9647) that increase user fees charged for processing installment agreements and offers in compromise. Under the final regulations, released Nov. 29, the fee for entering into an installment agreement will increase from $105 to $120 and the fee for restructuring or reinstating an installment agreement will increase […]