MKS&H Articles

Protect Your Company Retirement Plan from an IRS Attack

[fa icon="calendar'] Oct 12, 2015 2:01:22 PM / by admin posted in retirement, IRS, accounting, business, tax

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When your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the Department of Labor. Ignore the rules and your firm could face costly penalties from federal regulators -- and plan participants might sue you for mishandling trust assets.

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Tax Paperwork and Other Records: What to Keep, What to Toss

[fa icon="calendar'] Apr 14, 2015 3:40:55 PM / by admin posted in Business Record Guidelines, Record Keeping, IRS, tax

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E-filing is on the upswing. According to the Data Book released by the IRS on March 24, the agency collected almost $3.1 trillion in federal revenue and processed almost 240 million returns during fiscal year 2014. About 65 percent of all returns were filed electronically. Of the 147 million individual income tax returns filed, 84 percent were e-filed.

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