February 2, 2012

Citibank Airline Miles Fiasco Illustrates The Difficulty In Determining “Taxable Income”

It’s tax season, which means our mailboxes are filling up with W-2s, 1099s and other tax forms provided to the IRS in order to enlighten them […]
January 12, 2012

IRS Reopens Offshore Voluntary Disclosure Program (OVDP)

Previously, we posted a blog detailing the announcement by Credit Suisse Group AG, Switzerland’s second-biggest bank, that it intended to disclose confidential client account data to the Swiss […]
January 5, 2012

IRS Extends Deadline To File 2011 Income Tax Returns

In a pleasant turn of events, the IRS has announced that taxpayers will have two extra days to file their tax returns for their 2011 income […]
December 23, 2011

New Form 1099 Rules For 2012

The IRS will implement new rules in 2012 that will likely affect most businesses.  Changes have been made to the reporting rules for IRS form 1099, the […]
December 14, 2011

IRS Releases 2012 Standard Mileage Rates

The IRS has released Notice 2012-1, which details the standard mileage rates taxpayers should use in 2012.  Taxpayers may use the optional standard mileage rates to calculate […]
December 1, 2011

End Of The Year Tax Planning – GRATs

With interest rates continuing to hold at near record lows, now is the time to consider adding a GRAT to an estate plan.  A Grantor Retained Annuity […]
November 30, 2011

IRS Issues Revised Form 2848

The IRS has released a revised Form 2848 Power of Attorney and Declaration of Representative with several important changes. The old Form 2848 (revised June 2008) allowed the […]
November 29, 2011

End Of The Year Tax Planning – Set Up A Small Business Retirement Plan

Many small-business owners believe that their company will provide all that is necessary for a comfortable retirement.  As their golden years approach, they eagerly anticipate selling […]
November 28, 2011

End Of The Year Tax Planning – Making The Most Of The Gift & Estate Tax Exemptions

We are now nearly a year removed from the expansion and unification of the gift and estate tax credits, and now is the time to take […]
November 18, 2011

IRS Scrutinizes Universities For Unrelated Business Taxable Income

The IRS has recently begun scrutinizing several universities, including Notre Dame, Purdue, the University of Texas at Austin, Texas A&M, the University of North Carolina, the […]
November 16, 2011

Tax Tips For Charitable Giving

The holiday season is upon us, and for many people that means charitable giving.  As a reward for their kind gesture, the philanthropically inclined can look […]
November 11, 2011

Florida Employers Could See Major Unemployment Tax Hike

If the Florida legislature fails to act soon, Florida business owners could see a significant increase in their unemployment tax bill.  Business owners will see their […]