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On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015. This bill made more than 20 tax relief provisions permanent. Additionally,
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
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
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
