April 2nd, 2013
April 2013 The IRS recently released its annual list of the top 12 tax related schemes, known as its “Dirty Dozen” and described in detail here. [...]
February 19th, 2013
February 2013 In the Estate of Virginia Kite vs. IRS, T.C. Memo 2013-43 (February 7, 2013), affluent taxpayers were given support for a potentially substantial [...]
February 5th, 2013
February 2013 With the government perspective that obtaining tax dollars now is good and we can worry about later…well later, the American Taxpayer Relief Act [...]
January 22nd, 2013
January 2013 The home office deduction is one which many taxpayers consider utilizing. In today’s world, what professional is not also working from home, at [...]
July 31st, 2012
August 2012 The Ninth Circuit decided a taxation case of first impression involving whether a qui tam or whistleblower recovery provides a taxable capital gain [...]
July 10th, 2012
July 2012 Now that the Supreme Court has ruled that the Patient Protection and Affordable Care Act (PPACA, aka ObamaCare) is constitutional, it is time [...]
June 6th, 2012
March 2012 Reasonable compensation questions affect millions of closely-held corporations whose owners actively participate in the business. The issue involves how much payroll taxes are [...]
June 6th, 2012
February 2012 The IRS conducts approximately 14,000 random audits each year. One of their purposes is to determine the level of tax compliance, which the [...]
December 1st, 2011
November 2011 More employers are allowing telecommuting as a work option. Additionally, these economic times cause some to work out of their homes as a [...]
September 20th, 2011
September 2011 On September 12, President Obama provided the legislative text for the “American Jobs Act” that he summarily described during a September 8 speech [...]
September 20th, 2011
September 2011 In September 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2011-08, entitled “Testing Goodwill for Impairment”. This amends guidance in [...]
September 8th, 2011
September 2011 In August, the Treasury Department released a report that redefines what constitutes a small business. In the coming debate about raising taxes, you [...]
April 17th, 2011
By wide margins, both houses of Congress repealed both (i) the expanded Form 1099 information-reporting requirements mandated by last year’s Patient Protection Affordability and Care [...]
January 17th, 2011
January 2011 Nina E. Olson is the current head of the U.S. Taxpayer Advocate. This is a government office dedicated to helping taxpayers solve their [...]
January 17th, 2011
Taxpayers did not benefit from Congress’s procrastination on deciding whether or not to extend the 2001 Bush tax cuts. Despite having ten years to make [...]
December 17th, 2010
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (HR 4853) (the “Act”) is now law. The press has already written much [...]
September 17th, 2010
September 2010 President Obama signed the Small Business Jobs Act of 2010 (H.R. 5297) on September 27, 2010. The law contains the following major provisions [...]
May 17th, 2010
The recent health-care legislation (H.R. 4872) will be partly paid by a tax increase associated with an unclear tax provision aimed at tax shelters, but [...]
November 2nd, 2009
May 2011 In mid-May 2011, the California Supreme Court denied the State Board of Equalization’s petition for review of the Court of Appeal decision in [...]
October 17th, 2009
October 2009 Use tax occurs whenever California sales tax is not paid. Sellers having no physical presence in California are not required to collect California [...]
September 17th, 2009
September 2009 Beginning in November 2009, the Internal Revenue Service (IRS) will begin audits under its latest National Research Program (NRP). The IRS started the [...]
August 17th, 2008
August 2010 Hundreds of thousands of small nonprofit organizations are at risk of losing their tax-exempt status because they failed to file required informational returns [...]
July 17th, 2008
July 2010 In order to pay for the health care benefits of the Patient Protection and Affordable Care Act (PPACA), the scope of Form 1099 [...]
January 17th, 2008
January 2010 In two reports made public in December 2009, the Treasury Inspector General for Tax Administration (“TIGTA”, but usually referred to in the rest [...]
January 17th, 2008
January 2010 For the 2007 tax year, about 60% of the 143 million individual tax returns filed with the IRS were done by paid preparers. [...]
October 17th, 2007
Tucked away in the 600-plus pages of the American Jobs Creation Act of 2004 is something called “Civil Rights Tax Relief”. This is an important [...]