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December 2017

Information reporting deadlines coming up fast

Information reporting has become a growing part of IRS’s enforcement and compliance strategy. Data Read more [...]

Year-end planning for capital gains and losses

As an economic incentive for individuals to save and invest, gains from the sale of capital assets held Read more [...]

December 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 [...]

November 2017

FAQ: How does a business handle holiday gift-giving?

Holiday gifts made to customers are generally deductible as ordinary and necessary business expenses Read more [...]

How do I? Compute the Nanny Tax

Nanny tax. For purposes of federal tax, employers must withhold and pay FICA taxes (7.65%) if they paid Read more [...]

Tax reform takes on new momentum as year-end approaches

Tax reform discussions continue on Capitol Hill with legislation expected to be released very soon. GOP Read more [...]

IRS reminds taxpayers of ACA requirements; White House seeks administrative changes

As the 2018 filing season nears, the IRS is reminding taxpayers that the Affordable Care Act (ACA) remains Read more [...]

Year-end tax planning for 2017: challenges/opportunities

Year-end tax planning can provide most taxpayers with a good way to lower a tax bill that will otherwise Read more [...]

November 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 [...]

October 2017

How Do I? Get a payroll credit for increasing research expenses

IRS Chief Counsel, in generic legal advice (AM-2017-003), recently described when a qualified employer Read more [...]

FAQ: Can I claim the adoption credit for a foreign adoption?

Yes, however, there are special timing rules for foreign adoptions. These rules differ from the timing Read more [...]

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

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 [...]

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 [...]

Employee Promotions Summer ’17

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