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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
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
FOR IMMEDIATE RELEASE Pittsburgh, PA – Grossman Yanak & Ford LLP (GYF), a regional certified public accounting and consulting firm based in downtown Pittsburgh, is pleased to announce that Jason
Kickstarter recently announced that is has joined as small (but growing) a growing number of companies that have elected to become a Benefit Corporation. Click here for detailed information about
An important element of gift tax planning where valuation of the donor’s transferred property may be at question is to file a properly completed Form 709, United States Gift (and
Grossman Yanak & Ford LLP was recognized in the “Top Workplaces” feature published by the Pittsburgh Post-Gazette for the fifth year in a row. Evaluation for the awards is based upon results of employee surveys
Shawn Firster, Senior Manager of Tax Services was selected to participate in Leadership Pittsburgh Class XXXII. The 10-month program will begin in September 2015 and concludes with graduation in June 2016.
Just last week, we posted a brief article outlining new statutory requirements reporting tax bases related to inherited property included on an estate tax return. The new rules were mandated
As most taxpayers understand, property held by the decedent at death must be reported on a federal estate tax return (assuming the entire taxable value of the estate exceeds the
