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Victims of the massive wildfires that ripped through portions of California may receive some tax relief from state and federal tax agencies. The Valley and Butte fires that erupted in September burned more than 140,000 acres and destroyed more than 2,000 homes and other...

South Carolina flood victims, including individuals and businesses that previously received a tax-filing extension to October 15, will have until February 16, 2016, to file their returns and pay any taxes due, the IRS announced. All workers assisting in the relief activities, who...

There are many legitimate reasons why two of your employees — with roughly equal job responsibilities and possibly even the same title — are paid different wages. One basic example might be job performance. Or the answer could lay in the labor market conditions at the time each...

During his first state visit to the United States in September, Chinese President Xi Jinping discussed a range of global, regional and bilateral issues with U.S. President Obama. The leaders’ discussions included their joint vision for an international agreement on climate...

Medical expenses that aren’t reimbursable by insurance or paid through a tax-advantaged account (such as a Health Savings Account or Flexible Spending Account) may be deductible — but generally only to the extent that they exceed 10% of your adjusted gross income. Taxpayers age...

When you incur expenses for work-related education, several different tax breaks may be available. Take a look: If you’re self-employed, you can generally deduct unreimbursed expenses on Schedule C (sole proprietor or single-member LLC) or Schedule E (partner or member of...

Changes brought by the Affordable Care Act (ACA) continue to roll in. For affected employers, these changes could mean higher expenses and will add filing responsibilities with the IRS. Background: The ACA has a language of its own, with many new terms employers must learn. For...

Employee complaints that allege mistreatment at work have to be taken seriously. Even if you doubt the legitimacy of a complaint, you’ll put your company in peril if you fail to delve into what really happened. However, a poorly executed investigation could do more harm...

Now that fall has begun, it’s time to start your year-end tax planning for 2015 — and to tie up loose ends that remain from the 2014 tax season. Here are some reminders that the IRS has sent out recently and related federal income tax-savings opportunities for individuals...

Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when it’s time to replace a business vehicle, it’s not unusual for its tax basis to be higher than its value....