News
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January 6, 2016
National Taxpayer Advocate Delivers Annual Report to Congress; Focuses on IRS’s Future Plans for Tax
Since 2014, the IRS has invested substantial resources to develop a Future State plan. To date, the IRS has chosen not to make the plan public.
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December 11, 2015
The Paradox of being Wrong, when you are Right
A Section 1031 exchange is a financing tool that allows (requires) the business to reduce its debt by the amount of value obtained from the sale of the old asset.
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December 8, 2015
New Early Interaction Initiative Will Help Employers Stay Current with Their Payroll Taxes
Employers, especially those facing liquidity difficulties, sometimes inappropriately divert funds withheld from employees’ pay for working capital or other purposes.
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November 17, 2015
NSA Blasts Congress on IRS Cuts
The National Society of Accountants has delivered “a strongly worded letter” to the chairs and ranking members of the Appropriations Committees of the U.S. Senate and House of Representatives
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October 29, 2015
Inventories hurt US third-quarter GDP, domestic demand strong
The inventory drag, however, is likely to be temporary and economists expect growth to pick up in the fourth quarter given strong domestic fundamentals.
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September 12, 2015
Expatriates choosing to leave the US rather than pay taxes
"Many people have been getting caught up on their U.S. tax filings and then renouncing," said Andrew Mitchel, an international tax lawyer who analyzes Treasury Department data.
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September 4, 2015
Interest Rates Remain the Same for the Fourth Quarter of 2015
The IRS announced that interest rates will remain the same for the calendar quarter beginning October 1, 2015
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September 3, 2015
A New Tax Break for Married Couples
The IRS issues final rules detailing generous estate-tax break for millions of couples