May 24, 2012

IRS Announces Changes To Offer In Compromise Programs As Part Of Fresh Start Initiative

In the latest installment of the fresh start initiative, a program designed to assist taxpayers with settling their tax bills, the IRS has announced that it will […]
May 22, 2012

Senators Propose Legislation In Response To Facebook Founder’s Expatriation

Previously, we reported on Facebook co-founder Eduardo Saverin, who renounced his American citizenship months ahead of Facebook’s initial public offering, which occurred on Friday, May 18.  Many […]
May 14, 2012

Facebook Co-Founder Eduardo Saverin Renounces U.S. Citizenship Ahead Of Facebook IPO

Facebook co-founder Eduardo Saverin, best known for his bitter legal battle with Facebook founder and CEO Mark Zuckerberg which was highlighted in the popular 2010 film The […]
April 30, 2012

Supreme Court Deals Blow to IRS In Tax Shelter Case

The U.S. Supreme Court ruled against the IRS in a decision that may prevent the collection of $1 billion from people who used a tax shelter […]
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 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 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 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 […]