September 20, 2012

IRS Treatment Of Forgiven Student Loan Debt Causing Concerns

In the wake of the housing market collapse, many people have become familiar with the concept of cancellation of debt (COD) income.  The basis for COD […]
September 7, 2012

Church May Have Violated IRC By Endorsing Romney For President

St. Raphael Catholic Church of El Paso Texas appears to have violated the IRC by endorsing Mitt Romney in its bulletin.  “I am asking all of […]
June 28, 2012

IRS Denial Of Tax Exempt Status To Political Group May Be Cause For Other Groups’ Concern

A recent decision by the IRS to revoke the tax-exempt status of Emerge America, a small political nonprofit organization, may concern larger groups, such as Crossroads GPS and Priorities USA, that […]
June 18, 2012

GOP Lawmakers Send Letter To IRS Demanding Justification For Donor Name Requests

It seems as if the ongoing saga between the IRS and political action committees (PACs) took another turn today as eleven Republican senators who serve on […]
June 8, 2012

IRS Denial Of Tax Exempt Status To Political Group May Be Cause For Other Groups’ Concern

A recent decision by the IRS to revoke the tax-exempt status of Emerge America, a small political nonprofit organization, may concern larger groups, such as Crossroads GPS and Priorities USA, that […]
June 6, 2012

Challenges To DOMA May Lead To Changes In Same-Sex Couple Tax Planning

As challenges to DOMA keep mounting, the status of tax planning for LGBT couples find itself in a state of flux.  DOMA, fully known as the […]
April 18, 2012

Keeping Up With Tax Obligations Can Present Special Problems For Active Duty Military

Frequent overseas deployment, constant address changes, the added complexity of military tax returns, and confusion over complicated tax provisions such as the combat tax exclusion, are […]
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 […]
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 9, 2011

Swiss Bank Credit Suisse Agrees To Disclose U.S. Client Data To The IRS

Credit Suisse Group AG, Switzerland’s second-biggest bank, has informed its U.S. clients that it intends to disclose confidential client account data to the Swiss taxing authorities, […]