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On December 18, 2015 President Obama signed the “Protecting Americans From Tax Hikes Act of 2015” (PATH Act). The PATH Act made its way through Congress by passing the House
As administrative costs increase and personnel count within the IRS substantially decreases, it is likely that any issues identified within a particular taxpayer’s income tax returns will first be disclosed
Leading members of Congress this week unveiled a broad package of spending and tax legislation that would avert a U.S. government shutdown and lift the 40-year-old ban on crude oil
Internal Revenue Code The Internal Revenue Code rules governing Individual Retirement Account (IRA) rollovers and allowable investments are complex and demand respect when planning. Particularly limiting is the general inability
The holiday season seems to be the catalyst for a great deal of the charitable giving undertaken by taxpayers each year within the United States. Whether the holiday season strikes
Effective for years beginning January 1, 2015, the Internal Revenue Service presented taxpayers with an incredibly complex set of depreciation rules (the tangible property regulations) that essentially applied to every
As with all government programs, regulatory complexity brings with it a variety of planning opportunities. Social Security is no exception, and since the passage of the Senior Citizens Freedom to
One of the most daunting issues related to purchase price allocations related to business acquisitions has been the requirement that acquired goodwill and other intangibles be evaluated annually for impairment
The Members of the Financial Accounting Standards Board (FASB) met on October 30, 2015 to discuss the feedback received on the proposed Accounting Standards Update, Not-for-Profit Entities (Topic 958) and
Tomorrow, Wednesday, November 11, marks yet another Veteran’s Day. This day of remembrance has, at its origin, the celebration of the date on which an enemy of the United States
One of the most-often missed taxes are those connected with household employees. The complexity of payroll tax calculations in combination with traditional low wages has led too many taxpayers to
The Treasury Inspector General for Tax Administration (TIGTA), Mr. J. Russell George, issued another warning Thursday, October 15th, that although it [the Agency] is making some progress in its investigation
