­

October 2017

IRS exam staffing falls; audit coverage declines

IRS Exam staffing in fiscal year (FY) 2016, the latest tax year with statistics available, reached a Read more [...]

Congressional tax writers set to take up reform proposals

Tax writers in Congress are set to begin debating and writing tax reform legislation. On September 27, Read more [...]

Disaster tax relief unveiled in Congress

As millions of Americans recover from Hurricanes Harvey, Irma and Maria, Congress is debating disaster Read more [...]

October 2017 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting Read more [...]

September 2017

How do I? Distinguish partnerships from other arrangements

A partnership is created when persons join together with the intent to conduct unincorporated venture Read more [...]

FAQ: What is “assignment of income” under the tax law?

Gross income is taxed to the individual who earns it or to owner of property that generates the income. Read more [...]

Don’t overlook child-related deductions and credits

Parents incur a variety of expenses associated with children. As a general rule, personal expenditures Read more [...]

Courts Loosen Up On Conservation Easement Rules

Two recent court cases indicate that, although use of a conservation easement to gain a charitable deduction Read more [...]

Disaster relief, tax reform on Congress’ September agenda

As lawmakers return to work after their August recess, Hurricane Harvey has increased expectations on Read more [...]

August 2017

FAQ: What is Country-by-Country reporting?

Country-by-Country (CbC) reporting is part of a larger initiative by the  Organisation for Economic Read more [...]

How Do I? Deduct student loan interest

An eligible taxpayer can deduct qualified interest on a qualified student loan for an eligible student's Read more [...]

Rules for managing tax basis on stock sales worth a look

A recent Tax Court decision and pending tax reform proposals have intersected in highlighting how stock Read more [...]

IRS continues campaign against worker misclassification

The IRS remains focused on an issue that doesn’t seem to be going away: the misclassification of workers Read more [...]

Tax reform discussions continue in Congress on variety of approaches

House and Senate lawmakers have started their August recess, leaving pending tax legislation for after Read more [...]

August 2017 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting Read more [...]

July 2017

How do I…work-around the IRS Data Retrieval Tool (DRT) being offline?

Every year, millions of post-secondary students access the IRS Data Retrieval Tool (DRT) to complete Read more [...]

FAQ: Has the IRS’s treatment of virtual currency changed?

No. The IRS continues to treat virtual currency as property for U.S. federal tax purposes. However, last Read more [...]

Employee Promotions Summer ’17

The Partners are excited to announce the following promotions effective July, 2017: · Carol Borden Read more [...]

Corporate Challenge 2017

What’s next for IRS/Treasury regulations in response to Executive Orders?

With the release of regulations on centralized partnership audits, many taxpayers hope that it will Read more [...]

Centralized partnership audit rules finally released; impacts all partnerships

The much-anticipated regulations (REG-136118-15) implementing the new centralized partnership audit regime Read more [...]

Lawmakers continue tax reform debate and discussions

Lawmakers from both parties spent much of June debating and discussing tax reform, but without giving Read more [...]

July 2017 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting Read more [...]

June 2017

Business meals and entertainment: how to maximize tax deductions

Many businesses consider the occasional wining and dining of customers and clients just to stay in Read more [...]

Trump’s FY 2018 budget outlines tax reform proposals

Since taking office in January, President Trump has called for comprehensive tax reform. The President’s Read more [...]
Load More Posts